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NFT Marketplace OpenSea Denies Hack Rumors, Claims Phishing Attack

Cryptocurrency Feb 21, 2022 04:00AM ET
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NFT Marketplace OpenSea Denies Hack Rumors, Claims Phishing Attack
 
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  • OpenSea NFT marketplace faces rumors of a hack.
  • The company denied the rumor and instead said it was a phishing attack.
  • The attacker has stolen $1.7 million ETH by phishing.

Leading NFT marketplace — OpenSea is being alleged that its platform has been hacked. However, in a series of tweets, OpenSea vehemently denied the rumors. Instead, the company’s CEO Devin Finzer said that it was a phishing attack.

In a Twitter (NYSE:TWTR) post, OpenSea reassures its users that it was investigating the specific details of the phishing attack. They say that the attack does not appear to be email-based, rather, it is an isolated incident impacting a small number of people.

The company claims that its attention was drawn to rumors that its codebase was breached and attackers stole over $200 million. Finzer said after an investigation, they discovered that the attacker holds $1.7 million Ethereum in his wallet by phishing.

However, Finzer did not disclose the value of stolen NFTs, but a Twitter user revealed that over

$200 million was lost already, to which Finzer replied it was a false claim. A Twitter netizen argued that OpenSea is lying. The user added that a “flaw in their code led to one of the largest NFT exploits in history’’.

Finzer also reported that around 32 users have signed a malicious payload from an attacker, and some of their NFTs are reported to have been stolen. However, the company was not aware of any phishing emails and commented that a fraudulent website might have intruded.

Finzer also said the attack does not appear to be active and the company could not see any malicious activities from the attacker’s account for a few hours. He also asked the users to be aware of misleading websites and ensure the website reads opensea.io on the web browser.

Moreover, a blockchain security company PeckShield that audits smart contracts also reported the alleged exploit was ‘’most likely phishing’’.

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NFT Marketplace OpenSea Denies Hack Rumors, Claims Phishing Attack
 

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