On Saturday, a slew of panicked NFT traders startedreporting the loss of their digital assets, including NFTs from popular collections like Cool Cats and Doodle.
Back then, OPENSEA that this "appears to be a phishing attack” originating outside of their website.
OpenSea CEO Devin Finzer that victims might have "signed a malicious payload from an attacker." The platform also claimed that "the attack does not appear to be email-based."
However, not everyone was convinced that it was a phishing attack.
Nadav Hollander, Chief Technology Officer of OpenSea, has also argued that impacted users should have approved a malicious contract. "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," he
On Friday, OpenSea released a smart contract update that requires all users to move their listings on to the new smart contract.
While some argued that the issue might have been with the migration, Hollander said that the malicious orders "were signed before the migration and are unlikely to be related to OpenSea’s migration flow."
In either case, according to Ryan Selkis, Founder & CEO of crypto analysis firm Messari, OpenSea users learned a valuable lesson about self-custody and digital signatures.
“One that will be helpful if they ever need to secure digital assets and exit a hostile country," Selkis , adding that for those in crypto, self-reliance is integral to the products they use, and they are "rewarded for risks with higher upside."
Meanwhile, as reported, in late January 2022, OpenSea experienced an issue related to user interface (UI) design, which allowed some of its users to buy NFTs at much lower prices.
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