NFT Marketplace OpenSea Hacked as $780,000 is Stolen

• The world’s largest NFT Marketplace OpenSea has been hacked for 332 ETH, worth about $780,000

• Peck Shield reported that the platform had a frontend issue which allowed the hacker to gain 332 Ether

• Peck Shield also posted an Ether Scan transaction ID for the hack on Twitter

The world’s largest marketplace for Non Fungible Tokens (NFTs), OpenSea was reportedly hacked on Monday as cybercriminals got away with 332 Ethereum.

At the exchange rate of $2,350, this morning, this means that more than $780,000 was stolen from the NFT marketplace in the hack.
Blockchain security company Peck Shield, confirmed the hack in a tweet that was made on Monday morning.
The tweet reads:

“It appears that Opensea has a front-end issue and the exploiter gained about 332 Ether.”

The tweet was also presented with an image of the Ether Scan transaction ID for the hack. Following the first update that was given about 3 hours before this post, Peck Shield did not provide further information about the hack.

It appears that @opensea has a front-end issue and the exploiter gained about 332 Etherhttps://t.co/35kCB1n7nv

— PeckShieldAlert (@PeckShieldAlert) January 24, 2022

OpenSea is one of the company’s to have benefited most from the recent NFT craze that has rocked the world. Data from DappRadar, a company that tracks NFT transactions indicates that NFT exchanges worth over $22 billion were carried out in 2021, up from $100 million the previous year.

Read also: Facebook and Instagram to Join NFT World

What are NFTs?

Non Fungible Tokens are digital assets that are verifiable and can be traded on a blockchain platform. The assets include anything from artworks, to collectibles and other digital items.

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