Security News > 2022 > February > NFT Investors Lose $1.7M in OpenSea Phishing Attack

NFT Investors Lose $1.7M in OpenSea Phishing Attack
2022-02-22 03:12

Over the weekend, hackers stole millions of dollars worth of non-fungible tokens belonging to 17 members of the OpenSea NFT marketplace.

On Saturday, a small number of OpenSea users noticed their NFTs were missing.

About an hour and a half after the NFTs went missing, OpenSea tweeted that the phenomenon appeared "To be a phishing attack originating outside of OpenSea's website."

OpenSea is one of the most recognizable names in the NFT - as in, the cryptocurrency/blockchain/metaverse - space.

Daily trading activity on OpenSea has tended to fluctuate between $100M-$200M per day, with $3.68 billion worth of NFT transactions occurring in only the past 30 days, according to DappRadar.

"When individuals get more educated, it prevents the likelihood of phishing attacks taking place. Most people in the space are still using hot [online] wallets to store their NFTs, so this is why it is crucial that they know how to identify the red flags when a phishing attack is taking place."


News URL

https://threatpost.com/nft-investors-lose-1-7m-in-opensea-phishing-attack/178558/