OpenSea Is Reportedly Being Exploited

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Source: AdobeStock / ymgerman

 

Major non-fungible token (NFT) platform OpenSea is reportedly under attack, with the perpetrator drawing out hundreds of ethereum (ETH).

Security and data analytics company PeckShield said today that OpenSea seems to be experiencing “a front-end issue,” while the exploiter got some ETH 332 (754,885).

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.

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.

Meanwhile, commenters are disagreeing on what may stand behind these transactions, with some also offering options such as “fatfinger seller”, or users not properly canceling their offers.

Some reports, posted about an hour earlier than PeckShield’s, claimed that an exploit is allowing the attacker to buy NFTs for old listing prices, possibly below the price floor.

Cryptonews.com has contacted OpenSea for comment.

Meanwhile, two days ago, OpenSea announced a new feature that alerts users if they’ve set up a listing “far below” the floor price (the lowest price for collection items). 

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Learn more:
– 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

– OpenSea Acquires Dharma, Coinbase Partners With Mastercard
– OpenSea Sees Massive Volume, Collections Gain Popularity

– OpenSea Boosts Valuation 9X as This NFT Giant Sets Four Strategic Goals
– LooksRare Outperforms OpenSea NFT Volume with 20x Fewer Users

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