After the owner reported the incident, OpenSea froze the stolen Bored Apps NFTs worth $2.2 million. A total of 15 apes and mutants have been stolen.
NFT marketplace OpenC has frozen $2.2 million worth of boredom app NFT after it was reported theft. NFTs on the market now carry a warning saying that it has been “reported for suspicious activity.” The sale and purchase of such goods has been stopped.
A total of 15 apes and mutants have been stolen. Todd Kramer, owner of NFT, Called The incident was “arguably the worst night of his life” and was expected to be resolved. This is the first time that NFTs have been stolen from large collections in recent days and there are some concerns about security.
The crypto community has stated that the decision to freeze NFTs brings decentralization into question. He argues that the handling is too “anti-crypto”. according to some And that there was poor security on the part of OpenSea.
OpenSea is the most popular NFT platform on the market and has attracted hundreds of thousands of users and huge trading volumes. With these NFTs being stolen, it would be a concern about the security of other NFTs on the platform. Little is known about how the NFTs were stolen, and there is no official update from the platform yet.
NFT copycats make it out of the real Rugged Apes NFT
Meanwhile, there is some tussle about the Funky Ape Yacht Club (PAYC) regarding OpenC. The NFT platform banned this NFT series because it was based on the bored ape Yacht Club NFT. PAYC is virtually identical to BAYC, except that it is mirrored.
The copying of NFTs has prompted the community to discuss the finer details of plagiarism. However, the one that really stirred the pot is that OpenSea has banned the PAYC NFT chain. Here also the complainants are saying that a truly decentralized market would not allow restrictions.
PAYC also appears to have a strong community, so it should be interesting to see how the series develops. In the meantime, the NFT marketplace will have to ensure robust security practices or risk alienating its members.