OpenSea confirms outage after platforms report issues with displaying NFTs | ZDNetZDNetOpenSea said programmatic access to the API was fully restored within hours.
The bug appears to have been present for weeks and seems to be referenced in at least one tweet from January 1st, 2022. But exploitation of the bug has picked up significantly in the past day: blockchain analytics company Elliptic reported that in a 12-hour stretch before the morning of January 24th, it was exploited at least eight times to “steal” NFTs with a market value of over $1 million.
One of the NFTs, Bored Ape Yacht Club #9991, was purchased using the exploit technique for 0.77 ETH ($1,760) and quickly resold for 84.2 ETH ($192,400), netting the attacker a profit of more than $190,000. An Ethereum address linked to the reseller had received more than 400 ETH ($904,000) in payouts from OpenSea in the same 12-hour period.
“It’s a subjective thing whether you consider this to be a loophole or a bug, but the fact is that people are being forced into sales at a price they wouldn’t otherwise have accepted right now,” said Tom Robinson, chief scientist and co-founder of Elliptic.
According to a Twitter thread by software developer Rotem Yakir, the bug is caused by a mismatch between the information available in NFT smart contracts and the information presented by OpenSea’s user interface. Essentially, the attackers are taking advantage of old contracts that persist on the blockchain but are no longer present in the view provided by the OpenSea application.
squalyl (./1057) :Oui ça vaut vraiment la peine.
c'est vraiment a voir en effet, faut prendre le temps et pas faire autre chose en même temps sinon on loupe tout.
effectivement les blockchains sauvent bien ce qu'on y met mais le problème est d'y mettre n'importe quoi...
Marketplace suspends most NFT sales, citing 'rampant' fakes and plagiarism
The platform which sold an NFT of Jack Dorsey's first tweet for $2.9 million has halted most transactions because people were selling tokens of content that did not belong to them, its founder said, calling this a "fundamental problem" in the fast-growing digital assets market.
BitConnect founder charged with orchestrating $2 billion Ponzi scheme
A federal grand jury in San Diego indicted the founder of BitConnect for allegedly orchestrating a $2.4 billion global Ponzi scheme, the Justice Department said Friday.
Satish Kumbhani, 36, is accused of misleading investors about the cryptocurrency's "lending program," where he claimed the proprietary technology would bring substantive returns to investors by tracking cryptocurrency exchange markets.
Godzil (./1070) :Go…dzil…
Un projet de reacutevision de la reacuteglementation europeacuteenne sur les transferts de fonts proeacutevoir d39appliquer....
Chancellor @RishiSunak has asked @RoyalMintUK to create an NFT to be issued by the summer.— HM Treasury (@hmtreasury) April 4, 2022
This decision shows the the forward-looking approach we are determined to take towards cryptoassets in the UK. pic.twitter.com/cd0tiailBK
Get T-Shirts and Hiveon merch at @TheBitcoinConf #BTC #DOGE #dogecoin pic.twitter.com/ghzH58hIaM— Hiveon (@hiveonofficial) April 8, 2022