Mintable Recovered Three NFTs Stolen From OpenSea: Report

Time Stamp: February 23, 2022 1:31 PM
Source Node: 1184315

Mintable recovered three NFTs stolen from OpenSea users and now they are looking for the owners of the three Azuki NFTs lost in the phishing attack last week so let’s read more in our latest cryptocurrency news today.

The three non-fungible tokens stolen from the OpenSea users are now going to be returned to their owners after Mintable recovered them. Accoridng to a press release from Mintable, the team is acquiring Azuki NFTs on the NFT marketplace LooksRare for the Floor Buster flash sale when they found and purchased three Azuki NFTs while in the announcement, Mintable said it will like to return them to the rightful owners. CEO of Mintable Zach Burks said:

“If OpenSea isn’t going to make it right, someone has to. For some of these people, all their net worth is tied up in their NFTs and it’s horrible to have them stolen.”

In the announcement, Mintable identified the NFTs as being a part of the $1.75 million hauls of stolen NFTs from OpenSea Users a few weeks ago. It was reported that it was an exploit that happened according to OpenSea CEO Devin Finzer who said the users had fallen victim to a phishing attack that didn’t actually originate on the OpenSea website. Finzer added that the users signed a malicious payload from the attack and some of the NFTs were stolen. This was not the first major loss of digital assets suffered by the OpenSea users and the exploit opened more opportunities for collectors to purchase rare NFTs for low prices.

OpenSea’s Plans, ipo, public, nft, market

On that occasion, the exploit affected inactive listings which hadn’t been properly canceled because the users didn’t want to pay the gas fees or in most cases because they were not aware of the old listings which remained active. OpenSea users lost about $1.8 million in NFTs to the exploit which the NFT marketplace refunded them in Ether. Last week, one man named Timothy McKimmy lost his bored ape NFT so he decided to file a lawsuit worth $1 million against OpenSea. He alleged that the NFT marketplace knew about the bug but didn’t shut it down in order to collect the 2.5% cut of every transaction uninterrupted.

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