The NFT community has been flummoxed by the recent OpenSea hack, which appears to be the result of a phishing attack
Online non-fungible token marketplace OpenSea has begun investigating the exploit rumors, stating that it was likely the victim of a fishing attack in a recent tweet.
The NFT community was set ablaze with speculation earlier today after it came to light that a hacker stole millions of dollars worth of non-fungible tokens.
On Saturday, the company notified users of the launch a new updated smart contracturging them to migrate their ads without paying gas fees before the deadline closes on February 25.
The hacker, however, has decided to take advantage of the upgrade by tricking users into parting ways with their NFTs with the help of legit-looking phishing emails. The company has cautioned users against clicking any links outside of the official website.
The full list of NFTs stolen by the malicious actor was published by blockchain security firm PeckShield. They are cumulatively worth around $3 million.
OpenSea CEO Devin Finzer has denied that the recent predicament was caused by a deficiency in the website itself:
We don’t believe it is connected to the OpenSea website. It appears that 32 users have so far signed a malicious payload from an attacker, and some of their NFTs have been stolen.
Some users, however, accused the popular NFT marketplace of lying, claiming that the exploit was caused by a vulnerability in its code.
After experiencing massive growth in 2021, NFT kingpin reached a valuation of $13.3 billion in early January.
According to cybersecurity firm Chainalysis, the total value of the NFT market has now surpassed $41 billion, with a slew of celebrities and major companies jumping on the trend.
