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Jafrin Ahmed
Feb 21, 2022
by Jafrin Ahmed

OpenSea Investigating $1.7M Worth Phishing Hack

OpenSea phishing attack
Major NFT marketplace OpenSea has reportedly fallen victim to an ongoing phishing attack within hours after announcing a week-long planned upgrade to delist inactive NFTs on the platform.

OpenSea Investing Recent Phishing Attack

Following a series of viral tweets from panicked NFT traders, leading marketplace OpenSea clarified that it was investigating the so-called phishing hack. The attack occurred during OpenSea’s migration to its new Wyvern smart contract system, which began on Friday and is set to be completed by Feb. 25.

Around 10:50 p.m. ET, OpenSea CEO Devin Finzer followed up in a tweet that '32 users thus far have signed a malicious payload from an attacker, and some of their NFTs were stolen,' adding that the company is 'not aware of any recent phishing emails that have been sent to users,' suggesting a fraudulent website may be to blame.

Planned Smart Contract Upgrade

OpenSea had planned to revise its smart contract by releasing a brand-new contract on Friday. The upgraded contract was intended to ensure old, inactive listings on the platform would eventually expire. What was initially thought to be official OpenSea emails about the migration process, the same email was one of the possible sources for the phishing hack.

The apparent attacker’s address currently holds about 641 ETH worth over $1.7 million which includes NFTs from the Bored Ape Yacht Club, two Cool Cats, one Doodle, and one Azuki.

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OpenSea Investigating $1.7M Worth Phishing Hack
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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