Security News > 2022 > February > OpenSea users lose $2 million worth of NFTs in phishing attack
The non-fungible token marketplace OpenSea is investigating a phishing attack that left 17 of its users without more than 250 NFTs worth around $2 million.
Phishing actors are always looking for ways to take advantage of changes that require users to take action and the OpenSea NFT theft is no different.
Researchers at Check Point say in a report today that the phishing actors knew about OpenSea upgrading its smart contract system to purge old and inactive listings on the platform and prepared for the migration with emails and websites of their own.
OpenSea informed its users that they had to update their listings between February 18 - 25 if they wanted to continue using the platform.
The phishing actors took advantage of this process and used their own email addresses to send out the message from OpenSea to validated users, tricking them into thinking their original confirmation didn't go through.
OpenSea was quick to point that the attack doesn't exploit any vulnerabilities on the platform or its trading systems, but instead relies solely on deceiving users through phishing.
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