OpenSea announces policy on stolen assets: if police report is not provided within 7 days, it will restart trading

OpenSea tweeted out its stolen asset policy and is expanding the use of police reports to confirm all reports of theft, up from previously only using the police for escalating disputes.

For all future reports of loss, if the platform does not receive a police report provided by the user within 7 days, it will restart the transaction of reported lost items to prevent false reports.

In addition, OpenSea said the platform is currently working to better automate attack and theft detection, such as blocking suspicious URLs in advance, and is working closely with ecosystem partners to help prevent and curb theft.

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