Friday, February 3, 2023
HomeOpenseaBad Actors Use OpenSea Exploit to Sell Stolen BAYC NFTs

Bad Actors Use OpenSea Exploit to Sell Stolen BAYC NFTs

Malicious actors are exploiting OpenSea stolen goods ape Plan to sell Bored Ape Yacht Club (bake) NFT to the collector. One prominent holder said it happened to him twice in one week.

high seas Some Bored Ape Yacht Club (BAYC) NFT owners have come under attack due to bad actors abusing the platform’s policies. Franklin, the sixth largest holder of his BAYC, tweeted on Jan. 23 that someone had abused the market’s stolen monkey policy and sold his collection to his offer. This is his second time in a week that this has happened.

Attackers abused the policy to make a sale after it was marked under review for suspicious activity. Franklin said he used Match’s advanced ordering features to create the NFT and sell it to him.

Franklin had previously asked OpenSea to amend its stolen monkey policy on Jan. 20, which he called a failure. At that time, the monkey was being sold to his OpenSea offer for his 65 WETH. He added: This doesn’t help anyone. ”

OpenSea has yet to respond to Franklin’s allegations, but the development is gaining traction in the NFT community. Community critics NFT Marketplace When it came to catching stolen apes, they had little success.

Nevada Judge Dismisses OpenSea Lawsuit

OpenSea shared some positive news last week.Nevada judge threw out Lawsuit filed against Yuga Labs, owner of Marketplace, LooksRare, and BAYC. The lawsuit alleges that the three parties did not properly handle the theft of his BAYC NFT.

The good news is that the lawsuit has been dismissed, but several other lawsuits are ongoing. Yuga Labs in particular has seen several lawsuits filed against it. In December 2022, the company will faced lawsuit About celebrities promoting that NFT. Also,”fraudulent publicityBAYC and ApeCoin”.

New Sewer Pass Collection Volume Exceeds 16,500 ETH

The BAYC ecosystem saw a significant increase in price and exposure after its release. sewer pass, an NFT collection that allows access to games. Sewer Pass launched on his January 18th and has already surpassed 16,500 ETH. The starting price for this collection is 1.81 ETH (approximately $2,959 at current prices).

The game itself is called Dookey dash, an endless runner-style game accessible until February 8th. Players can acquire new power supplies. BAYC has hinted that more information will be released in 2023.

Disclaimer

BeInCrypto has reached out to the companies or individuals involved in the story to obtain an official statement regarding the recent developments, but has yet to hear back.

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