Social media posts have alleged that non-fungible token (NFT) marketplace OpenSea was hacked, compromising assets worth $200 million.<\/span><\/p>\n OpenSea is a <\/span>non-fungible token<\/span><\/a> marketplace headquartered in New York City.\u00a0<\/span><\/p>\n There was a phishing attack that was targeted at users of OpenSea and not the marketplace, The targeted users were sent a phishing email in the name of OpenSea with a malicious payload (malware).\u00a0<\/span><\/p>\n Note: <\/b>Phishing is a method in which users are contacted by email, telephone or text message by posing as a legitimate institution to lure into providing sensitive data such as personal information, banking and credit card details.<\/span><\/p>\n The premise of NFT is to establish proof\u200a of\u200a ownership\u200a of\u200a a\u200a digital\u200a asset that\u200a can be anything from property to artwork or music stored on a blockchain platform.\u00a0<\/span><\/p>\n When a digital asset is tokenized as NFT, a unique code is generated and stored on the blockchain network. This can be used to identify the creator as well as the future and past owners.\u00a0<\/span><\/p>\n However, in case of a scam or a data breach, identifying the attacker can be difficult as crypto wallets are built on the principle of anonymity and do not seek to know your customer details.<\/span><\/p>\n There are many other ways. For instance, attackers can target NFT communities on Discord or Telegram.<\/span><\/p>\n Also, attackers can pretend to be buyers or sellers and gain access to the target\u2019s wallet during the transfer of ownership.<\/span><\/p>\n Source<\/b>: This post is based on the article \u201c<\/b>OpenSea phishing attack: All you need to know<\/b>\u201d <\/b>published in Livemint <\/b>on 22nd February 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? Social media posts have alleged that non-fungible token (NFT) marketplace OpenSea was hacked, compromising assets worth $200 million. What is OpenSea? OpenSea is a non-fungible token marketplace headquartered in New York City.\u00a0 What exactly happened with OpenSea? There was a phishing attack that was targeted at users of OpenSea and not… Continue reading OpenSea phishing attack: All you need to know<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1738,9],"tags":[10501],"class_list":["post-170209","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-science-and-technology-daily-factly-articles","category-public","tag-live-mint","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704824071},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/170209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=170209"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/170209\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=170209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=170209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=170209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is OpenSea?<\/b><\/h5>\n
What exactly happened with OpenSea?<\/b><\/h5>\n
What are the identity issues with NFT?<\/b><\/h5>\n
Is phishing the only way for NFTs to be stolen?<\/b><\/h5>\n