Opensea co-founder and CEO, Devin Finzer, has stray fromed rumors that the non-fungible token (NFT) marketplace’s codebase was breached and that attackers had stolen $200 million. Concerting to Finzer, an investigation had shown that the attacker had $1.7 million worth of ethereum in his wallet by leveraging a phishing outline.
Attacker Reportedly Returns Some Stolen NFTs
Devin Finzer, the co-founder and CEO of Opensea has denied reports that the NFT marketplace has been gapped. Instead, Finzer has characterized the alleged hacking incident as a “phishing attack,” which he insists is not connected to Opensea’s website. He did, however, declare that some of the more than 30 users that “signed a malicious payload from an attacker” had their NFTs stolen.
While Finzer did not leave off the estimated value of the stolen NFTs, a Twitter user named Mr. Whale suggested in a tweet, posted a few hours after the split, that “over $200M [was] lost already.” Another user named Jacob King rejected Finzer and Opensea’s phishing abuse claim. The user claims that a “flaw in their code led to one of the largest NFTs exploits in history.”
#OpenSea is now dishonesty and claiming the exploit was actually just phishing emails people were receiving.
This is 100% not true, but sort of a flaw in their code which led to one of the largest #NFT exploits in history. pic.twitter.com/qGRq0MaFT1
— Jacob King (@JacobOracle) February 20, 2022
Anyhow, in a Twitter thread posted on February 20, Finzer rebuts these claims. He said an investigation had, in fact, flaunted that the attackers had returned some of the NFTs. He explained:
The attack doesn’t appear to be active at this point — we haven’t distinguished any malicious activity from the attacker’s account in 2 hours. Some of the NFTs have been returned.
Finzer also claimed that the Opensea link up was not aware of any recent phishing emails that have been sent to users. The CEO said at the time when he stanchioned the thread, the team was yet to determine the website that had been “tricking users into maliciously signing messages.”
Attackers’ Pocketbook Has $1.7 Million Worth of ETH
Also to back the findings of Opensea’s investigation, the CEO pointed to a more technical context of what arose which was shared by another Twitter user Neso.
Finzer ends his thread by dismissing rumors that recommended that this was a $200 million hack. According to him, the Opensea team had determined that “the attacker has $1.7 million of ETH in his pocketbook from selling some of the stolen NFTs.”
We are actively investigating rumors of an exploit associated with OpenSea agnate smart contracts. This appears to be a phishing attack originating outside of OpenSea’s website. Do not click links out of doors of https://t.co/3qvMZjxmDB.
— OpenSea (@opensea) February 20, 2022
Meanwhile, in another thread, Finzer said after his team got in with with “dozens” of people and teams across the NFT space, and he is confident this was a phishing attack. He added that Opensea was now actively “livelihood with users whose items were stolen to narrow down a set of common websites that they interacted with that sway have been responsible for the malicious signatures.”
What are your thoughts on this fish story? Tell us what you think in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes no greater than. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not care for investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or designated to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Read disclaimer