OpenSea co-founder and CEO Devin Finzer clarified that the recent phishing attack resulted in the theft of $1.7 million, which did not originate from the platform. The team is probing the matter to find out the source of the attack.
The co-founder and CEO of NFT marketplace OpenSea, Devin Finzer, provided an update on the recent phishing attack. In a Twitter thread on February 20, Finzer spoke about The recent report of the attack on OpenC further clarified that it did not actually start on OpenC.
Finzer was very clear about the circumstances surrounding the attack, in which some users lost a total of $1.7 million to the popular NFT platform. The CEO pointed to several methods that were not vectors for attack, including interacting with OpenC email; Mining, buying and selling on the platform due to listing migration tools; And click on the banner of the site.
Having said that, Finzer revealed that the platform was working with victims of theft to narrow down the source of the attack that could be attributable to the malicious signature. The team’s investigation is on and provided some updates on his Twitter page.
OpenC said 17 people were affected and the attacker is no longer active. The malicious contract has not seen any activity in the last 15 hours. OpenSea and its officials have urged users not to click on links outside OpenSea.io.
OpenSE is going through a rough patch
There have been several negative incidents on the OpenSea platform over the past few months. Despite these developments, it remains the most popular NFT platform. A recent UI bug caused over $1.1 million worth of NFTs to be bought at very low prices.
But the platform also has some security issues. Perhaps the most serious of them was the theft of $1.3 million worth of NFTs due to a bug. Bored app NFTs have also been stolen, which led to a transaction freeze in the market, which subsequently drew much criticism from the crypto community.
Security has become a top priority for the NFT sub-sector following these events. The attacks are increasing in number due to the influx of the amount of capital, as it captures the consciousness of the public.