On January 25, according to blockchain analysis firm Elliptic, a vulnerability in NFT marketplace OpenSea allowed hackers to steal rare NFTs from owners at prices well below market value and resell them for a profit. Take huge profits.
As of Monday, at least three attackers, including Bored Ape Yacht Club, Mutant Ape Yacht Club, Cool Cats and Cyberkongz NFTs, bought at least eight NFTs in the past 12 hours at prices well below their market value.
One of the attackers, who goes by the pseudonym “jpegdegenlove,” bought seven NFTs for $133,000, then quickly sold them for $934,000. Charles Guillemet, CTO of hardware wallet developer Ledger, said on Twitter on Monday, “It is difficult to use this platform safely now, and the only thing we can do is to reduce the risk. Golden Finance previously reported that there was a suspected pending order bug in the front end of OpenSea, and some people got it. The profit exceeds 200ETH.