{"id":8803,"date":"2022-02-26T08:50:56","date_gmt":"2022-02-26T08:50:56","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/opensea-is-reportedly-being-exploited\/"},"modified":"2022-02-26T08:50:57","modified_gmt":"2022-02-26T08:50:57","slug":"opensea-is-reportedly-being-exploited","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/opensea-is-reportedly-being-exploited\/","title":{"rendered":"OpenSea Is Reportedly Being Exploited"},"content":{"rendered":"
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Source: AdobeStock \/ ymgerman<\/figcaption><\/figure>\n

\u00a0<\/p>\n

Major non-fungible token (NFT) platform OpenSea<\/strong> is reportedly under attack, with the perpetrator drawing out hundreds of ethereum (ETH).<\/p>\n

Security and data analytics company PeckShield said today that OpenSea seems to be experiencing \u201ca front-end issue,\u201d while the exploiter got some ETH 332 (754,885).<\/p>\n

At the time of writing (11:18 UTC), the shared address, per Etherscan, holds ETH 347 (USD 788,991). It shows 8 transactions, all completed within four hours.<\/p>\n

The frontend refers to all the aspects of a software, website, platforms etc, with which the user interacts. An attacker may seek to identify attack vectors there, looking for subsystems with vulnerabilities.<\/p>\n

Meanwhile, commenters are disagreeing on what may stand behind these transactions, with some also offering options such as \u201cfatfinger seller\u201d, or users not properly canceling their offers.<\/p>\n

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Some reports, posted about an hour earlier than PeckShield\u2019s, claimed that an exploit is allowing the attacker to buy NFTs for old listing prices, possibly below the price floor.<\/p>\n

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Cryptonews.com<\/i> has contacted OpenSea for comment.<\/p>\n

Meanwhile, two days ago, OpenSea announced a new feature that alerts users if they\u2019ve set up a listing \u201cfar below\u201d the floor price (the lowest price for collection items).\u00a0<\/p>\n

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____<\/p>\n

<\/strong>
– NFTs in 2022: From Word of the Year to Mainstream Adoption & New Use Cases
– Insiders Predict: NFTs the ‘Gateway Drug to Crypto’, More Countries May Adopt Bitcoin in 2022<\/p>\n

– OpenSea Acquires Dharma, Coinbase Partners With Mastercard
– OpenSea Sees Massive Volume, Collections Gain Popularity<\/p>\n

– OpenSea Boosts Valuation 9X as This NFT Giant Sets Four Strategic Goals
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