Just yesterday, OpenSea announced a smart contract upgrade, which requires users to migrate their listed NFTs from Ethereum (ETH) blockchain to a new smart contract. As a direct result of the upgrade, users that don’t migrate over from Ethereum risk losing their old, inactive listings — which currently require no gas fees for migration.
Major nonfungible token (NFT) marketplace OpenSea has reportedly fallen victim to an ongoing phishing attack within hours after announcing a week-long planned upgrade to delist inactive NFTs on the platform.
However, the urgency and short deadline opened up a small window of opportunity for hackers. Within hours after OpenSea’s upgrade announcement, reports across multiple sources emerged about an ongoing attack that targets the soon-to-be-delisted NFTs.
OPENSEA EXPLOITED Everyone tag @opensea to get them to pause their new contract while everyone figures out whats going on with the exploit! #NFT #NFTs #NFTTheft #NFTScam #NFTSecurity #NFTAlert
— gt_dog (@gt_dog84) February 20, 2022
Further investigations revealed that attackers used phishing…
