OPENSEA NFT Hack Explained - $1.7M Stolen So Far...

32 Confirmed ethereum addresses on opensea have been compromised and NFT's have been stolen totaling $1,700,000 USD in value. This video will talk about the exploit and how to keep your digital assets, crypto, tokens, and NFTs safe. 🧠 Need expert help fast? Book a 1:1 session and get unstuck today 👉 https://bit.ly/42I10y5 🎥 NEW: Unlock members-only videos and behind-the-scenes drops 👉 https://bit.ly/4iyBm4I 🛠️ The exact tools and gear I trust (and actually use) 👉 https://amzn.to/44fKDv4 📚 Step-by-step setup guides, templates, and insider resources 👉 https://bit.ly/4ivZDID 🛒 Grab custom gear and tools designed by me 👉 https://etsy.me/4isKwjb 📩 For sponsorships or business inquiries, reach out: macgyvertechnology@gmail.com Within the context of the cryptocurrency industry, phishing scams target information pertaining to online wallets. Specifically, scammers are interested in crypto wallet private keys, which are the keys required to access funds within the wallet. Their method of working is like that of many standard scams. They send an email leading holders to a specially created website that asks them to enter private key information. When the hackers have acquired this information, they can steal the cryptocurrency contained in those wallets. Notes from @NadavAHollander - All of the malicious orders contain valid signatures from the affected users, indicating that they did sign an order somewhere, at some point in time. However, none of these orders were broadcasted to OpenSea at the time of signing. - None of the malicious orders were executed against the new (Wyvern 2.3) contract, indicating that they were signed before the migration and are unlikely to be related to OpenSea’s migration flow. - 32 users had NFTs stolen over a relatively short time period. This is extremely unfortunate, but suggests a targeted attack as opposed to a systemic issue. 3) This information, coupled with our discussions with impacted users and investigation by security experts, suggests a phishing operation that was executed ahead of the deprecation of the 2.2 contract given the impending invalidation of these collected malicious orders. 4) Prior to the current phishing scam, part of why we elected to implement EIP-712 on the new contract is that EIP-712’s typed data feature makes it much more difficult for bad actors to trick someone into signing an order without realizing it. #opensea #nft #web3