$1.7M of NFTs on OpenSea GG

This past Saturday, hackers socially engineered approximately 32 OpenSea users into signing incomplete contracts and stole 254 NFTs. Although it was a phishing attack, it caused a bit of a panic. A spreadsheet compiled by the blockchain security service PeckShield shows the stolen tokens, which include NFTs from Decentraland and Bored Ape Yacht Club. @Nesotual explains the hacker’s methodology in this tweet thread.

Could this happen to you? Yes. It could happen to anyone. Phishing and ice phishing attacks are rampant. To protect yourself (and your digital assets), consider revoking your token approvals from various dApps; learn how to do this with your Ethereum-based assets here.

Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications, co-founder of Metacademy, and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.

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