OpeaSea says it has frozen trade in 16 stolen bored monkey yacht club NFTs worth $ 2.2 million

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A New York-based art gallery operator and non-fungible token (NFT) collector named Todd Kramer said his collection of sixteen NFT Bored Ape Yacht Club valued at $ 2.28 million (approx Rs. 16.94 crore) was “hacked” and then said the NFT OpenSea marketplace had “frozen” assets for it. The allegedly stolen assets include one Clonex, seven Mutant Ape Yacht Club and eight Bored Ape Yacht Club NFT currently valued at around 615 Ether.

Kramer, who runs the Ross [plus] Kramer art gallery in New York, tweeted that he clicked on a link that appeared to be a real NFT (decentralized application) dapp. But it turned out to be a phishing attack that led to the theft of 16 of his NFTs. “I was hacked” he wrote. “All my monkeys are gone.”

NFTs are cryptographically unique digital collectibles that prove ownership of physical or digital content such as a work of art, GIF, or music file. Bored Ape Yacht Club is one of the most popular PFP (profile photo) collections, a series of cartoon monkey images with randomly generated attributes. They have proven to be popular among celebrities and influencers, like Snoop Dogg and Jimmy Fallon among those who own NFT Bored Ape. So far, nearly $ 1 billion (approximately Rs. 7,433 crore) has been spent on the business of NFT Bored Ape Yacht Club.

As Kramer took to Twitter to share his ordeal, other traders in the NFT were downright unfriendly, including several suggesting that Kramer should change his Twitter profile picture if he no longer owns the rights to the NFT. But as he followed up with a tweet to mention that OpenSea – the largest existing NFT marketplace, had frozen stolen monkeys, it was when people started to argue that bringing in a third party to freeze NFTs has stolen in the face of crypto’s claims to be decentralized. .

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OpenSea, meanwhile, has declined to comment or even tweet about it so far.

As NFTs increased in value during 2021, they have become a tempting target for hackers and phishing attacks. In March, thousands of dollars of TVN were reported Fly of the Nifty Gateway marketplace by cybercriminals, while in August, pseudonymous developer Stazie lost 16 NFT CryptoPunks due to a phishing attack involving a malicious pop-up who asked for their MetaMask wallet seed phrase.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting Founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple podcasts, Google podcasts, Spotify, Amazon Music and wherever you get your podcasts.



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