OpenSea Users Worry That $1.7M In ETH Was Stolen From The Platform

The OpenSea users worry that $1.7 million in ETH was stolen from the NFT marketplace after it reported becoming a victim of a phishing attack so let’s read furhter in our latest Ethereum news today.

The OpeSea users complained about a phishing attack that resulted in stolen NFT according to PeckShield and at the same time, the NFT marketplace said it was investigating the rumors and any attacks which were not related to the website. The reports started to emerge earlier from the OpenSea users that saw some unsettling behavior in their accounts. Peckshield alerted that there was an ongoing phishing attack and requested the clients to authorize the migration to another website promising to be gas-free.

I know you’re all worried. We’re running an all hands on deck investigation, but I want to take a minute to share the facts as I see them:

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

The team behind the marketplace said they were investigating rumors of an exploit and added that the incident was indeed a phishing attack that originated outside of the OpenSea website. The company co-founder Devin Finzer weighed in on the matter and indicated that 32 users signed a payload from an attacker and some of their NFTs were stolen. Finzer asserted that the team believes the attack stopped as there were no more reports about the phishing emails. He refuted the rumors that there were $200 million stolen from the platform and the original estimations showed that the attacker sold some NFTs that was worth $1.7 million of ETH. Peckshield provided a list of the stolen FNTs as to which they are hundreds of ERC721 purloined digital artwork and dozen of ERC1155 ones that were swiped from the users. Some of those include Bored Ape Yacht Club, Farm Land by Pixels, and Azuki.

OpenSea says it is investigating the rumors of an exploit that occurred on the popular ETH NFT marketplace over the weekend and the users reproted that digital assets such as NFTs from the Cool Cats and doodle collections were stolen. The OpenSea CEO Devin Finzer tweeted that the exploit didn’t hit OpenSea at all but instead targeted the people that rely on the marketplace to trade and to maintain their digital assets. Also, In other words, people recieved other emails that tricked them into moving their NFTs into someone’s wallet, and the address that the blockchain explorer ETherscan labeled Fake_Phishing5169 has a balance of 641 ETH worth over $1.7 million.