Mintable Recovers Three NFTs Stolen During Exploit Of OpenSea


NFT marketplace Mintable has revealed that it successfully tracked down three non-fungible tokens (NFT) funds stolen from the recent exploit of rival marketplace OpenSea.

As a result, the platform has pledged to return the funds to OpenSea. Mintable stated that it recently purchased Azukis #1180, #4176, and #1178 when it was acquiring Azuki NFTs on the NFT marketplace Lookrare. Mintable, in its announcement, certified that the NFTs are part of the $1.7 million worth of NFTs stolen from the OpenSea on February 19.

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Mintable says it wants to do the right thing by returning them to their previous holders. “​​If OpenSea isn’t going to make it right, someone has to,” Mintable Chief Executive Officer, Zach Burks, said.

OpenSea Said The Incident Was A DDoS Attack

Although the incident was initially reported as an exploit, OpenSea Chief Executive Officer, Devin Finzer, later stated that it was a DDoS attack that didn’t come from within. According to Finzer, the attacker delivered a malicious payload to some of the users, and some of their NFTs were stolen in the process.

“As far as we can tell, this is a phishing attack. We don’t believe it’s connected to the OpenSea website,” he said.

Finzer also noted at the time that 32 users were affected by the malicious payload and some of their NFTs were stolen in the process.

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OpenSea Has Already Suffered One Exploit This Year

The year has not started on a bright note for OpenSea users when it comes to the security of their NFT tokens. Last month, the marketplace suffered an exploit that allowed opportunistic NFT collectors to buy rare NFTs far below their floor price.

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In the exploit, “inactive listings” that had not been properly canceled were affected. In some cases, the users were affected either because they were not aware that the old listings are still inactive or they didn’t want to pay the gas fees. OpenSea said $1.8 million worth of NFTS was lost to the first exploit in January, which the marketplace refunded to the affected users in Ether.

Threat actors are increasingly targeting NFT marketplaces and crypto-based companies to steal funds. As a result, security researchers have advised firms to improve their security systems to keep their platforms safe and protect users’ funds.

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