NewsNFTSmartnews

OpenSea users lose $1.7M worth of nonfungible tokens (NFT) in a phishing attack — CEO denies responsibility

Karen Mkrtchyan
By Karen Mkrtchyan 4 Min Read
OpenSea, has suffered a phishing attack. Swindlers have walked with least $1.7 million worth of NFT as the CEO denies any responsinility.
OpenSea, the largest NFT platform, has fallen prey to a phishing attack. Image credit: Canva

Key Takeaways

  • Largest NFT marketplace OpenSea suffered a phishing attack on Sunday.
  • Claims of exploits to the tune of $200 million have been doing the rounds.
  • OpenSea CEO Devin Finzer denied taking responsibility for the attack.
  • However, he confirmed that thirty-two users lost NFTs worth at $1.7 million.

YEREVAN (CoinChapter.com) – OpenSea, the largest NFT marketplace, has suffered a phishing attack. According to people familiar with the incident, about thirty-two users have fallen prey to the incident, resulting in $1.7 million in stolen NFT sales.

Contents
Key TakeawaysOpenSea CEO denies responsibility

Twitter users and notorious Bitcoin (BTC) bear Mr. Whale brought the incident to light on Sunday. 

- Advertisement -

“BREAKING: Massive Opensea “exploit” in their new migration contract allowed users to sell, steal any NFT from any users. Over $200M lost already,” 

Mr. Whale alleged.
https://twitter.com/CryptoWhale/status/1495206028065005568

Hours later, OpenSea took issues with his tweet, denying the allegations. Calling Mr. Whale’s claims a mere rumor, the largest NFT marketplace assured investigation was underway. According to the company’s official Twitter handle, the incident was not a hack or an exploit but a phishing attack.

“We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea’s website. Do not click links outside of http://opensea.io,”  

OpenSea wrote. 
Recommended: OpenSea reimburses $1.8 million to victims of NFT listing bug

OpenSea CEO denies responsibility

OpenSea’s co-founder and CEO Devin Finzer denied responsibility for the breach. Claiming that the exploit had nothing to do with the website or a coding lapse, he confirmed it as a phishing attack and not a hack. However, he did confirm that thirty-two users had lost some of their NFTs.

“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,”  

he claimed in a Twitter thread.

In addition, Finzer rubbished Mr. Whale’s claims about losses to the tune of $200 million. As per the CEO, the attacker has managed to amass $1.7 million worth of Ethereum (ETH) in his wallet from selling some of the stolen NFTs. 

- Advertisement -

CTO of OpenSea Nadav Hollander also confirmed Finzer’s explanation in a series of tweets of his own.

However, Twitter user Jacob King has come out to confirm Mr. Whale’s allegations. In a tweet that contains a snapshot of the OpenSea code, King has alleged the platform is lying to its users. According to him, a flaw in the code of OpenSea enabled attackers to steal the NFTs.

https://twitter.com/JacobOracle/status/1495220198344998915

“#OpenSea is now lying and claiming the exploit was actually just phishing emails people were receiving. This is 100% not true, but rather a flaw in their code which led to one of the largest #NFT exploits in history,” 

he hinted.

The platform claims its team is currently in touch with those that suffered in the incident. Finzer also claimed the attacker had allegedly returned some of the stolen NFTs.

However, only a full postmortem report will show the exact impact the incident has had.

You Might Also Like

Blockchain Investigator ZachXBT Links Fortnite Player To Scams

Tron Price Risks 30% Drop After Binance US’s TRX Delisting

Bitcoin Slips Below $30,000 as Traders Await Federal Reserve Meeting

Largest NPM Attack in Crypto History Stole Less Than $50

Russian Ruble and Gazprom Stock Plummet – American LNG For The Win?

TAGGED:

Karen Mkrtchyan

Yerevan-based Editor and writer focusing on topics about cryptocurrencies, NFTs, politics, and international relations. Having completed his Bachelor's and Master's degrees from Delhi's Jawaharlal Nehru University, he currently works as a reporter at CoinChapter.Contact: karen@coinchapter.com

121 Comments

121 responses to “OpenSea users lose $1.7M worth of nonfungible tokens (NFT) in a phishing attack — CEO denies responsibility”

  5. Hi there to all, for the reason that I am genuinely keen of reading this website’s post to be updated on a regular basis. It carries pleasant stuff.

  14. You’re so awesome! I don’t believe I have read a single thing like that before. So great to find someone with some original thoughts on this topic. Really.. thank you for starting this up. This website is something that is needed on the internet, someone with a little originality!

  15. إذا كنت تبحث عن تجربة مميزة في شات سريع وآمن بدون تسجيل توفر لك التواصل مع الأصدقاء والتعارف مع أشخاص جدد من مختلف أنحاء فلسطين، فإن منصتنا تقدم لك كل ما تحتاجه. يمكنك الآن الانضمام بسهولة إلى شات فلسطيني صوتي والاستمتاع بمحادثات آمنة وسريعة. استكشف الغرف المتنوعة وشارك في النقاشات الممتعة عبر غرف دردشة عامة فلسطين. جرب الخدمة الآن من خلال هذا الرابط: https://play.google.com/store/apps/details?id=com.chat.chatpaestine&pli=1

  17. إذا كنت تبحث عن تجربة مميزة في تواصل فلسطيني توفر لك التواصل مع الأصدقاء والتعارف مع أشخاص جدد من مختلف أنحاء فلسطين، فإن منصتنا تقدم لك كل ما تحتاجه. يمكنك الآن الانضمام بسهولة إلى دردشة طولكرم والاستمتاع بمحادثات آمنة وسريعة. استكشف الغرف المتنوعة وشارك في النقاشات الممتعة عبر دردشة فلسطينية. جرب الخدمة الآن من خلال هذا الرابط: https://play.google.com/store/apps/details?id=com.chat.chatpaestine&pli=1

  22. This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!

  43. naturally like your web site however you need to take a look at the spelling on several of your posts. A number of them are rife with spelling problems and I find it very bothersome to tell the truth on the other hand I will surely come again again.

  47. I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.

  52. I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.

  54. You’re so awesome! I don’t believe I have read a single thing like that before. So great to find someone with some original thoughts on this topic. Really.. thank you for starting this up. This website is something that is needed on the internet, someone with a little originality!

  56. I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.

  78. Vielen Dank für die tollen Ernährungstipps! Gesundes Essen wird auch in Bayern immer wichtiger, und deine Ideen passen perfekt zu einem aktiven Alltag. Einfach, hilfreich und motivierend – genau so muss es sein!

  81. I recently tried to App update latest from a verified source and found it super helpful. The Latest APK version provided access to features like Mod Menu and Android MOD download which made the experience much smoother. I also checked for security before installing the Unlocked All and everything worked perfectly. Always look for safe APK download sites to ensure reliability and clean installations.

  82. Many people today are increasingly interested in subjects like Crypto because of their major influence on global technology and financial systems. At the same time, the rise of markets such as Insurance attracts individuals who want to explore new opportunities and learn how digital economies operate. Others choose to study areas like Artificial intelligence to understand long‑term strategies, risk management, and potential growth across different sectors.

  83. I recently tried to Modded app from a verified source and found it super helpful. The Mobile game mod version provided access to features like HMA VPN download and Unlocked All which made the experience much smoother. I also checked for security before installing the Mod features and everything worked perfectly. Always look for safe APK download sites to ensure reliability and clean installations.

  85. In the world of online games without registration, players are always searching for better experiences, especially when they try to free full version games from trusted sources. Many gamers explore different genres such as instant play online games or even deep story-based download pc games to discover new entertainment. As the demand grows, the trend of pc game trailers continues to shape the gaming community and attract more users every day.

  86. With the rapid evolution of modern digital infrastructure, many companies are shifting their focus toward Online Education & Certifications to improve long‑term performance and ensure seamless scalability. At the same time, growing security concerns have increased the demand for Cybersecurity & VPN Solutions, especially as more organizations move their operations online. Meanwhile, the rise of Business Tools & SaaS Software has empowered professionals to optimize workflows, enhance productivity, and adopt smarter technological strategies suitable for competitive global markets. (2414bf82)

  87. … [Trackback]

    […] Info on that Topic: coinchapter.com/opensea-users-lose-1-7m-worth-of-nonfungible-tokens-nft-in-a-phishing-attack-ceo-denies-responsibility/ […]

  100. I’m blown away by how comprehensive and well-organized this article is! You covered every angle I could think of and then some. The way you broke everything down into manageable sections made it easy to digest even though there’s so much information here. I also really appreciated the summary at the end – it’s perfect for when I want to refresh my memory without rereading the entire thing. Excellent work!

  110. bahis piyasasına girmiş ve sektörün önde gelen platformlarından biri haline gelmiştir. Curacao lisansı ile güvenilir hizmetler sunan bu site, gerçek zamanlı spor bahisleri ve anlık bahisleri ile dikkat çekiyor.

Leave a Reply

Your email address will not be published. Required fields are marked *