OpenSea Investigates NFT Phishing Attack

OpenSea, NFT, OpenSea Ventures

OpenSea is looking into a phishing attack for non-fungible tokens (NFTs), according to Co-founder Devin Finzer, Bloomberg reported Sunday (Feb. 20).

Finzer said the attack no longer seems to be active and wasn’t connected to the OpenSea website.

“We don’t believe it’s connected to the OpenSea website,” Finzer said on Twitter. “It appears 32 users thus far have signed a malicious payload from an attacker, and some of their NFTs were stolen.”

Some of the NFTs, which are unique digital items recorded on blockchain, have been returned.

Finzer also said the rumors of a $200 million hack weren’t true. He said the attacker had $1.7 million in Ethereum from selling some of the stolen NFTs.

Read more: OpenSea Rolls out Investment Arm, Grants for NFTs

OpenSea has also recently announced plans to roll out an investment arm, PYMNTS wrote.

That comes after it raised $300 million at a $13.3 billion valuation in January.

The new venture will be called OpenSea Ventures and will look into growing the Web 3 ecosystem with more NFTs, decentralized systems and other uses of blockchain.

OpenSea will also be rolling out Ecosystem Grants, which will be for funding for those working with NFTs — creators, developers and “passionate community members.”

The portfolio companies will have access to the company’s strategic partners, including Andreessen Horowitz, Standard Crypto, Animoca Brands and Kevin Hartz’s A* Capital.

The company also recently acquired digital wallet service Dharma Labs, which Finzer said would hopefully accelerate the company’s vision of NFTs being a very important part of the cryptosphere in the coming years.

Finzer said this will only happen if buying and using NFTs is “easy and delightful” for regular people.

“Ultimately, we believe this union will be a force multiplier for NFTs and Web 3 adoption, and help us dramatically improve the experience of buying, minting and selling NFTs on OpenSea — whether you’re a beginner or a pro,” he said at the time.