Opensea CEO Dismisses $200 Million Hack Rumor, Claims Incident Was a Phishing Attack

Opensea co-founder and CEO, Devin Finzer, has denied rumors that the non-fungible token (NFT) marketplace’s codebase was breached and that attackers had stolen $200 million. According to Finzer, an probe had shown that the attacker had $1.7 cardinal worthy of ethereum successful his wallet by leveraging a phishing scheme.

Attacker Reportedly Returns Some Stolen NFTs

Devin Finzer, the co-founder and CEO of Opensea has denied reports that the NFT marketplace has been breached. Instead, Finzer has characterized the alleged hacking incidental arsenic a “phishing attack,” which helium insists is not connected to Opensea’s website. He did, however, admit that immoderate of the much than 30 users that “signed a malicious payload from an attacker” had their NFTs stolen.

While Finzer did not springiness the estimated worth of the stolen NFTs, a Twitter idiosyncratic named Mr. Whale suggested successful a tweet, posted a fewer hours aft the breach, that “over $200M [was] mislaid already.” Another idiosyncratic named Jacob King rejected Finzer and Opensea’s phishing onslaught claim. The idiosyncratic claims that a “flaw successful their codification led to 1 of the largest NFTs exploits successful history.”

#OpenSea is present lying and claiming the exploit was really conscionable phishing emails radical were receiving.

This is 100% not true, but alternatively a flaw successful their codification which led to 1 of the largest #NFT exploits successful history. pic.twitter.com/qGRq0MaFT1

— Jacob King (@JacobOracle) February 20, 2022

However, successful a Twitter thread posted connected February 20, Finzer rebuts these claims. He said an probe had, successful fact, shown that the attackers had returned immoderate of the NFTs. He explained:

The onslaught doesn’t look to beryllium progressive astatine this constituent — we haven’t seen immoderate malicious enactment from the attacker’s relationship successful 2 hours. Some of the NFTs person been returned.

Finzer besides claimed that the Opensea squad was not alert of immoderate caller phishing emails that person been sent to users. The CEO said astatine the clip erstwhile helium posted the thread, the squad was yet to find the website that had been “tricking users into maliciously signing messages.”

Attackers’ Wallet Has $1.7 Million Worth of ETH

Also to backmost the findings of Opensea’s investigation, the CEO pointed to a much method discourse of what transpired which was shared by different Twitter idiosyncratic Neso.

Finzer ends his thread by dismissing rumors that suggested that this was a $200 cardinal hack. According to him, the Opensea squad had determined that “the attacker has $1.7 cardinal of ETH successful his wallet from selling immoderate of the stolen NFTs.”

We are actively investigating rumors of an exploit associated with OpenSea related astute contracts. This appears to beryllium a phishing onslaught originating extracurricular of OpenSea's website. Do not click links extracurricular of https://t.co/3qvMZjxmDB.

— OpenSea (@opensea) February 20, 2022

Meanwhile, successful different thread, Finzer said aft his squad got successful interaction with “dozens” of radical and teams crossed the NFT space, and helium is assured this was a phishing attack. He added that Opensea was present actively “working with users whose items were stolen to constrictive down a acceptable of communal websites that they interacted with that mightiness person been liable for the malicious signatures.”

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