Hackers Attacked Bored Ape NFT Holders In OpenSea Exploit

Hackers attacked Bored Ape NFT holders in a recent OpenSea exploit which allowed the attackers to steal $750,000 worth of ETH as we can see more in today’s latest Ethereum news.

Someone found a way to exploit the front-end of the most popular non-fungible token NFT marketplace OpenSea and the hacker went after members of the Bored Ape Yacht Club NFTs. Hackers attacked Bored ape NFT and PeckShieldAlert even alarmed of a front-end issue of OpenSea earlier today and revealed that the exploited had already gained 332 ETH worth about $750,000 at the time of writing.

Another user revealed that a bug makes it easy to buy listings at old prices and the attacker is going after the Bored Ape NFTs targeting members of the Yacht Club. There’s been an earlier exploit with similar characteristics where the bug allowed for assets to be bought at discounted prices and the user even explained that someone using OpenSea listed an NFT for sale and decided they didn’t want it anymore for the listing to be active, the platform would charge for its delisting. This can be expensive so users eventually found a way where they can transfer their NFT to another wallet that cancels the listing.

1/ Recently there's been an @opensea exploit that has allowed for assets to be purchased at greatly discounted prices, including 3 freshdrops passes, a BAYC https://t.co/8pEgeXkOBo, multiple MAYCs, and more. I did some research this morning and here's what's happening -> a 🧵👇

— cap10bad (@cap10bad) December 31, 2021

As recently reported, The OpenSea NFT market recorded a new high in monthly Ethereum trading volumes and soared past the $3.5 billion mark according to the data from Dune Analytics. With two more weeks to go before the end of the month, OpenSea trading volume now surpassed both the previous ATH of $3.42 billion from last year and the $3.24 billion in sales in December. The January trading volume topped $169 million each day so far with the largest single-day volume of the platform recorded at $261 million in January.

It appears that @opensea has a front-end issue and the exploiter gained about 332 Etherhttps://t.co/35kCB1n7nv

— PeckShieldAlert (@PeckShieldAlert) January 24, 2022

NFTs are cryptographically unique digital tokens providing proof of ownership for a wider range of Tangible items which can be stored digitally and have a variety of use cases like collectibles, music, videos, art, and video games. The latest boom inactivity on OpenSea came amid the larger crypto market stagnating in the recent weeks with BTC being down 7.5% since the start of the year. Ethereum as the second biggest crypto by market cap is down by 14.6% over the past two weeks and it is trading at $3275 as the data from CoinGecko shows.