OpenSea investigation into $1.7m stolen ETH

The NFT marketplace, OpenSea, has announced it has become a victim of theft resulting in a loss of $1.7m worth of assets.

There is currently no solid evidence on how the scammers obtained the funds and managed to remove the NFTs from the original owners’ wallets, however a theory has been circulating indicating the company was subject to a phishing attack.

OpenSea co-founder and CEO Devin Finzer took to Twitter urging customers not to worry. He said: “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.”

OpenSea users have taken to the social media platform too, not only to announce that their NFTs had disappeared but to express their concerns and doubts that the site was subject to a phishing attack and actually a result of a hack.

Alabaster Jefferson said: “Hey everyone. I connected with a few other people who got hacked just now. All of us only have one thing in common. All of our stolen NFTs were ones we manually migrated to OpenSea. @opensea you have so much explaining to do now.”

This is not the first time OpenSea (known as one of the largest marketplaces for NFTs) has courted controversy.

Recently the company were seen to have been hosting accounts selling YouTube channels as NFTs without permission.

It will be interesting to see the outcome of this theft and if the users receive their assets back.

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Updated: 02/21/2022 — 12:00