OpenSea freezes stolen NFT for $2….

OpenSea freezes stolen NFT for $2…. post thumbnail image

Crypto community members criticized the trading platform team’s decision.

NFT-marketplace OpenSea has frozen non-fungible tokens stolen from the Mutant Ape Yacht Club and Bored Ape Yacht Club collections for $2.2 million, Cointelegraph wrote.

  • According to the publication, scammers managed to steal NFT from hot wallets. How exactly the hackers got access to the assets is unknown. The attackers are believed to have used a phishing tool. Asset owners can open access to hackers by clicking on a link from a letter they send.

The positions of Mutant Ape Yacht Club and Bored Ape Yacht Club are at the top of the most-capitalized NFT collections. Source:

  • In total, the market team froze 16 non-exchangeable tokens. They were all stolen from a New York art gallery operator.
  • The value of the stolen NFT was 615 ETH (approximately $2.28 million at current exchange rates).
  • The blocking of non-exchangeable tokens on OpenSea has eliminated the opportunity for fraudsters to make money from selling assets within the walls of the most popular thematic marketplaces.

Trading volume on NFT market and OpenSea positions. Source: Blok

  • It is noteworthy that members of the crypto community criticized OpenSea’s solution. In their opinion, the fact that third-party platforms can block asset trading indicates an insufficient degree of market decentralization.

We will remind you, earlier on the network there was information that the trading volume on the NFT market in 2021 exceeded $ 13 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post