OpenSea NFTs Stolen! Pirates and Phishermen on the OpenSea

A few days ago OpenSea users found that NFTs were being stolen by a phisherman. At first, little was known about the exploitation and everyone feared that all OpenSea NFTs were at risk. Since then, it has been confirmed that this was not a traditional hack, but rather a phishing scam exploiting users’ expectations that they would need to take action to move their NFTs to a new kind of Ethereum contract. In this video, we take a look at what happened, the updates from the OpenSea team, and delve into the security of EIP-712 contracts. Spoiler alert- it turns out that EIP-712 does help to improve the security of off-chain signatures, but users still need to take their own precautions against phishing attacks and scams. Trade Crypto on Phemex → ← Register now for a 7-day free Premium Membership Trial and other trading bonuses. Follow us on: Twitter Facebook: Instagram: Join the Telegram community