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$1.7 Million in ETH Stolen from OpenSea Users: The NFT Marketplace Investigates

February 20, 2022
in Crypto News
Reading Time: 2 mins read
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OpenSea Compensates Affected Users with Over $1.8 Million Following Exploit
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OpenSea users complained about a phishing attack that resulted in countless stolen non-fungible tokens, according to PeckShield. At the same time, the NFT marketplace said it was investigating these “rumors,” and any attack was not related to its website.

  • Reports started to emerge earlier from OpenSea users who saw unsettling behavior in their accounts.
  • Shortly after, the blockchain security company PeckShield alerted that there was an ongoing phishing attack, requesting clients to authorize the migration to another OpenSea website promising to be gas-free.
  • The team behind the marketplace said they were “actively investigating rumors of an exploit,” adding that the incident was indeed a phishing attack “originating outside of OpenSea’s website.”
  • Company co-founder Devin Finzer also weighed in on the matter, later on, indicating that 32 users have “signed a malicious payload from an attacker, and some of their NFTs were stolen.”

As far as we can tell, this is a phishing attack. We don’t believe it’s connected to the OpenSea website. It appears 32 users thus far have signed a malicious payload from an attacker, and some of their NFTs were stolen.

— Devin Finzer (dfinzer.eth) (@dfinzer) February 20, 2022

  • Finzer further asserted that the team believes the attack had stopped as there were no more reports of phishing emails. Additionally, he refuted rumors that there were $200 million stolen from the platform. Their internal estimations showed that the perpetrator sold some NFTs worth $1.7 million of ETH for now.
  • PeckShield provided a list of the allegedly stolen NFTs, according to which there’re hundreds of ERC721 purloined digital artworks and dozens of ERC1155 ones swiped from users.
  • Some of those include Bored Ape Yacht Club (BAYC), Azuki, Farm Land by Pixels, and more.
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