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Home News NFT News

OpenSea safeguards customers from unintended purchases

Mercy Adeola by Mercy Adeola
6 days ago
in NFT News
Reading Time: 2 mins read
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Opensea is putting new safeguards in place to guard customers against unwittingly purchasing undesired things.

In SeaPort 1.4, OpenSea included a new feature that allows users to verify an item’s current status before accepting an offer. These precautions have been created especially to deal with situations in which a requested item was initially believed to be authentic but later shown to be stolen or to have had its characteristics altered. The ultimate goal is to provide shoppers with more protection and improve their entire platform buying experience.

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1/ We’ve rolled out new collection offer protection measures that help protect buyers from purchasing items they don’t want. Specifically: sometimes, an item will be in a valid state when an offer is made, only to be flagged as stolen or have its attributes change later.

— OpenSea (@opensea) March 14, 2023

NFT hackers stealing millions

Harpie recently alerted NFT users to new hacking techniques that entail making gasless purchases using the OpenSea platform. Harpie claims that in just the past few months, these hackers have already been successful in stealing apes valued at millions of dollars.

To make gasless sales and set up private auctions on the well-known NFT marketplace OpenSea, users must confirm a signature request that contains an incomprehensible message. These signature requirements are frequently stated as being prerequisites for logging in and using the website.

Hackers have been able to steal NFTs like magic with a little-known OpenSea feature. It's the newest hack, and multiple millions in Apes have been lost to it already.

(🧵1/4) pic.twitter.com/fTK20WQrgh

— Harpie (@harpieio) December 22, 2022

Regrettably, phishing websites are taking advantage of this technical flaw. These fake websites ask unwary clients to sign one of these difficult-to-understand characters without the victims understanding the possible repercussions.

Harpie has observed that hackers are adopting a ruse to deceive victims into accepting login messages asking them to authorize the free transfer of assets to the hacker’s account.

These mails pose as signature requests for personal transactions. Regrettably, millions of dollars’ worth of apes were transferred from the well-known NFT market as a result of this phishing attack.

Tags: NFTsOpenSea

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