Some NFT thefts have been falsely reported to be exploiting OpenSea’s impact on the blockchain economy, forcing NFT buyers to sell cheaper elsewhere.
NFT In markets like OpenSea, there is often pressure to crack down on stolen or counterfeit NFTs, but there are many reportedly stolen but actively sold NFTs. The total number of stolen NFTs is unknown, but there are millions of dollars worth of high-value NFTs reportedly stolen, so some aren’t actually stolen, but have been frozen from the OpenSea platform. I am. This is primarily a problem with high value NFTs from well-known collections, but can occur with any NFT on the blockchain, and OpenSea still seems to distinguish between true theft and ruthless traders who abuse the system. Not adapted.
OpenSea is a Web3 marketplace built on Ethereum that allows users to list, bid and buy. Blockchain Non-Fungible Token (NFT) Each other. OpenSea itself is a US-based company with a controversial reputation in the Web3 space for centralized management of its platform. Unlike community-owned decentralized competitors Rarible and LooksRare, OpenSea is owned and operated by a completely centralized team, so other centralized platforms can deal with malicious users. I have the same problem. OpenSea has always been a painful theme in the industry of decentralization and community ownership.
Decryption Recently, estimates of the famous NFT stolen as of early July were detailed. That’s over $ 25.4 million for the entire 823 stolen NFTs.However, many of the tokens from these NFT collection (often worth millions) It was not actually stolen, but it is reported to have been stolen by a malicious user. Also, NFTs that have been stolen at any time in their history will be banned from OpenSea until the user who filed the claim reports that they have been returned, and their value will be permanently compromised. The reason this is happening is due to the theft of NFTs and cryptocurrencies that OpenSea can’t do anything about.
NFTs are signed, not stolen
There are many ways to steal blockchain assets, depending on the information known about the victim and the naive about cryptocurrencies, but all methods require the victim to sign their property. The easiest way to “steal” an NFT is to bid on another NFT. Cryptocurrency (stablecoin, etc.) Than what is listed. For example, if you bid 3.5 USDC ($ 3.50 worth) on an NFT listed at 3.5 ETH ($ 4000 or more at the time of issuance) and the seller is not paying attention, you can accept the bid and get a significant discount on the NFT. I will sell it at. If you know the victim’s email address, you will receive an email from “OpenSea” claiming something is wrong with your account, and click it three times to approve the NFT. There are several other ways to steal NFTs. For example, Discord scams and fake airdrops, all of which rely on tricking victims into letting go of their property.
The user naturally asks a question OpenSea is safe and has the potential to evade the market Completely, but it also brought many new users to NFTs. As a centralized enterprise, OpenSea needs to protect its users because enterprise entities are expected to: Direct intervention. This approach to managing problems often creates new problems that require intervention, but many users simply don’t know much about cryptography, so there is no other option. As a result, malicious NFT traders sell NFTs to buyers, report them to OpenSea as stolen, later buy them back cheaper elsewhere, report them returned, and again at OpenSea. You will be able to sell it. Twitter User / NFT Trader @franklinisbored He pointed out this plan on July 2nd.
Therefore, when you buy an NFT, you need to look into its history. Details of whether the NFT was stolenCheck the OpenSea page in particular to see if you see red.Reported on suspicious activity“Put a banner before you buy. The only way to prevent theft is sound skepticism and safety practices on the chain. NFTThere is a possibility of theft that was not passed by the owner.
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