NFT marketplace OpenSea freezes $2.2M of stolen Bored Apes


As per the report, yesterday from a New
York-based art gallery operator and NFT collector’s hot wallet, 16 NFTs
including Bored Ape Yacht Club and Mutant Ape Yacht Club NFT were stolen. Later
buy and sell trading on these stolen items was freezed by NFT marketplace
OpenSea and the Crypto Briefing, the estimated value of stolen assets worth 593
ETH approx in $2.2 million.
The art curator lost his collection after
clicking on a malicious link, disguised as a genuine NFT dApp. The contract gained access to his
cryptocurrency software wallet called a hot wallet, spending tokens on his
behalf. Several stolen NFTs were sold on OpenSea and others were frozen by the
platform upon Kramer’s request.
The collections that were found missing
include 1 clonex, 7 Mutant Ape Yacht club, and 8 Bored ape yacht Club nfts
current value worth of 615ETH or in $2.28Millon.
It can now be traded on OpenSea. The art
curator going by Toddkramer.eth which links to the Ross+Kramer Art Gallery in
New York account tweeted a series of tweets regarding the incident. The company
requested to OpenSea and the NFT community for help.
The freeze on buying and selling the NFTs
led some traders to feel a lack of decentralization. One Twitter commenter
kw.sol said, “Who was able to freeze the n? Feels pretty anti-crypto to be
asking third parties to do this and ideally they shouldn’t be able to.” Famed
software engineer Grady Booch said “Silly me. And here I thought that the code
is the law and that one of the very ideas of cryptocurrencies was the
elimination of any possibility of centralized intervention.
Other such incidents took place earlier:
On Dec. 26 NFT collector bergpay.eth
suffered a similar fate to Kramer. From his Ethereum wallet, 5 Jungle Freaks
and 2 Sandbox NFTs were missing. and his ENS domains were transferred to
particular on the new address.

Indrani bose
CBW - External Analyst
INDIA