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NFT marketplace bug undervalues tokens, helps exploiter nab $750,000

Published 01/24/2022, 06:45 AM
Updated 01/24/2022, 08:20 AM

A bug in the front end of popular nonfungible token (NFT) marketplace OpenSea has reportedly led to an exploit allowing users to buy popular NFTs at their previous listing price.

The bug seems to be prevalent with Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT collectibles, where the exploiter managed to buy them at their old listing price and then sold them for the current market price. The affected NFTs include BAYC #9991, BAYC #8924, MAYC #4986.

Opensea User Activity Tab Source: OpenSea
Reported exploiter Ether wallet balance Source: Etherscan

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