The NFT Mintable marketplace has revealed that it has successfully tracked three non-fungible token (NFT) funds stolen from the recent exploration of rival OpenSea marketplace.
As a result, the platform has committed to returning the funds to OpenSea. Mintable stated that he recently purchased Azukis #1180, #4176 and #1178 when he was purchasing Azuki NFTs in the NFT Lookrare marketplace. Mintable, in its announcement, certified the NFTs as part of the $1.7 million worth of NFTs stolen from OpenSea on February 19.
Mintable says it wants to do the right thing by returning them to their previous holders. “If OpenSea isn’t going to get it right, someone has to,” said Mintable CEO Zach Burks.
OpenSea said the incident was a DDoS attack
While the incident was initially reported as an exploit, OpenSea CEO Devin Finzer later claimed that it was a DDoS attack that did not come from within. According to Finzer, the attacker delivered a malicious payload to some of the users and some of their NFTs were stolen in the process.
“As far as we know, this is a phishing attack. We don’t believe it’s connected to the OpenSea website,” he says. he said.
Finzer also noted at the time that 32 users were affected by the malicious payload and some of their NFTs were stolen in the process.
OpenSea has already been exploited this year
The year has not started well for OpenSea users when it comes to the security of their NFT tokens. Last month, the market suffered from exploitation that allowed opportunistic NFT collectors to buy rare NFTs far below the floor price.
In the exploit, “inactive listings” that were not properly canceled were affected. In some cases, users were affected because they didn’t know the old ads are still inactive or they didn’t want to pay the gas fees. OpenSea said $1.8 million worth of NFTS was lost to the first exploit in January, which the market refunded affected users on Ether.
Threat actors are increasingly targeting NFT markets and cryptocurrency-based companies to steal funds. As a result, security researchers have advised companies to improve their security systems to keep their platforms safe and protect users’ funds.
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