One of the most popular cryptocurrency startups, OpenSea has recently been attacked by plagiarized and plagiarized non-fungible tokens (NFTs).
Given the increasing number of NFT scams, OpenSea has announced the launch of a new feature that automatically hides suspicious NFT transfers from the market. This helps users be protected from fraud and only see legitimate transactions.
according to In a blog post on Monday, the new feature automatically hides suspicious NFT transfers to address important OpenSea trust and security concerns.
OpenSea has recently focused on improving the reliability and safety of its platform. The NFT Marketplace invests heavily in a variety of key areas of trust and security, including anti-theft, intellectual property infringement, scaling reviews and moderation. Reduction Significant response time in high-touch settings, according to a recent blog by project co-founder and CEO Derin Finzer.
In addition, OpenSea has set up a special moderation team to handle reviews and moderation. For future copyright concerns and other fraudulent activity, we use “Significant Auto Detect” technology. According to Finzer, removing these types of items from the platform will improve overall performance. It also prevents unilateral ads and malicious items that may be found on the open blockchain from being seen on OpenSea.
You may receive NFT transfers from strangers, just as you would receive unwanted email.
Recently, I’ve seen scammers use these transfers to lure people to click links to malicious third-party sites.
The latest Trust & Safety release will help prevent this new scam. https://t.co/qPHIif2WVT
— Devin Finzer (dfinzer.eth) (@dfinzer) June 13, 2022
On Teusday, the CEO of OpenSea tweeted that it is possible to get NFT transfers from unknown individuals, much like receiving unwanted emails.
“Recently, I’ve seen scammers use these transfers to lure people to click links to malicious third-party sites. The latest Trust & Safety release prevents this new scam. Helps you. “
As demand for NFTs cools and the crypto market is in a down spiral, the latest OpenSea security measures are emerging. A thriving economy is no longer overlooked by US law enforcement agencies, As evidenced by the arrest of Nathaniel ChastainFormer Product Manager at OpenSea, charged with wire fraud and money laundering.
Related: Targeted phishing scams earn $ 438K in cryptocurrencies and NFTs from hacked Beeple accounts
When the NFT boom began in 2021, business at OpenSea grew dramatically. However, due to frequent hacks and fraud, many investors are dissatisfied with the platform’s efforts to compensate victims and combat theft.
