{"id":8313,"date":"2022-02-21T01:15:13","date_gmt":"2022-02-21T01:15:13","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/opensea-phishing-attack-causes-concern-in-hot-nft-market\/"},"modified":"2022-02-21T01:15:14","modified_gmt":"2022-02-21T01:15:14","slug":"opensea-phishing-attack-causes-concern-in-hot-nft-market","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/opensea-phishing-attack-causes-concern-in-hot-nft-market\/","title":{"rendered":"OpenSea Phishing Attack Causes Concern in Hot NFT Market"},"content":{"rendered":"
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This post was originally published on Crowdfundinsider<\/p>\n

A caution statement on the OpenSea website states: \u201cWe\u2019re continuing to investigate rumors of a phishing attack originating outside of OpenSea. Do not click links outside of opensea.io.\u201d<\/p>\n

Devin Finzer<\/strong>, CEO of OpenSea reported that:<\/p>\n

\u201cMinting, buying, selling, or listing items using <\/span>opensea.io is not a vector for the attack. In particular, signing the new smart contract (the Wyvern 2.3 contract) is not a vector for the attack.\u201d<\/span><\/em><\/p>\n

On Discord, OpenSea told users it will NEVER contact you via DM to ask for ETH in exchange for verification, a blue check mark, or similar reasons! If you are contacted about this, please report the sender to Discord: [email\u00a0protected]<\/p>\n

While the net impact of the phishing attempt appears to be minor, and will probably be recovered, the attack once again heightens the need for the digital asset sector to better manage scams and the need for increased awareness from users that sometimes, things are not what they seem to be. Events like this rattle, not just platforms and users but regulators and politicians who are always keen to save people, mostly from themselves.<\/p>\n

A thread on Twitter from at least on VC indicated a caution in getting involved in the red-hot NFT sector that has gone from nearly zero to stratospheric in a short amount of time.<\/p>\n

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No way I\u2019d be getting heavily involved in NFTs after this, I\u2019m sorry but too much uncertainty.<\/p>\n

It\u2019s a hot mess & the experts have no idea what\u2019s happening. That\u2019s terrifying, we\u2019re talking real money.<\/p>\n

\u2014 Brandon Brooks (@OfficialBBrooks) February 20, 2022<\/a><\/p>\n<\/blockquote>\n

Other commentators indicated they had experienced minor scams, some drew a parallel to the initial coin offering (ICO) rave that inevitably ended in disaster and tears.<\/p>\n

Rapid growth in a new industry can drive participants to rush to release features and services that, unfortunately, may cut too many corners. While it seems that digital asset collectibles are here to stay, it seems now is a good time for the industry to work together, create a self-regulatory group that solidifies best practices and transparency requirements before the feds step in and do it for them.<\/p>\n

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