Stuff like this keeps happening with NFTs. An unscrupulous NFT creator will take the money and run, or the server gets hacked and people who invested lose it all. It's becoming increasingly common too.
That article is saying that it was a phishing attack.
That used to be very common with digital assets (TF2 Hats) on Steam. I had like 10 attacks on me.. Steam implemented two factor authentication like 10 years ago to eliminate the problem. While it didn't fix it but it did massively reduce it, and the biggest scams became social manipulation. (Convince a kid you'd pay him cash on Tuesday for his cool hat today, then never pay.)
One of the more complex problems in this kind of situation is proving what happened. If someone says "I got scammed, please give it back". Who's to say who's lying or not?
Steam used to just duplicate TF2 hats (increasing supply, and tarnishing the items). Now Steam's rule is that whatever is in the transaction is binding, and they won't interfere. If someone promises something outside of a transaction, Steam won't enforce it.
According to the article, there is more doubt on this being a phishing attack. At least Mintable appears to be decent actors in the entire affair. Assisting in recovering some of the lost property.
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OpenSea was hacked yesterday, for anyone who might have assets stored there:
'Hacker' Steals NFTs 'Worth' Millions From Opensea Users (kotaku.com)
Stuff like this keeps happening with NFTs. An unscrupulous NFT creator will take the money and run, or the server gets hacked and people who invested lose it all. It's becoming increasingly common too.
That article is saying that it was a phishing attack.
That used to be very common with digital assets (TF2 Hats) on Steam. I had like 10 attacks on me.. Steam implemented two factor authentication like 10 years ago to eliminate the problem. While it didn't fix it but it did massively reduce it, and the biggest scams became social manipulation. (Convince a kid you'd pay him cash on Tuesday for his cool hat today, then never pay.)
One of the more complex problems in this kind of situation is proving what happened. If someone says "I got scammed, please give it back". Who's to say who's lying or not?
Steam used to just duplicate TF2 hats (increasing supply, and tarnishing the items). Now Steam's rule is that whatever is in the transaction is binding, and they won't interfere. If someone promises something outside of a transaction, Steam won't enforce it.
Some more devleopments:
https://cryptopotato.com/mintable-recovers-and-returns-to-users-3-nfts-stolen-in-the-opensea-attack/
According to the article, there is more doubt on this being a phishing attack. At least Mintable appears to be decent actors in the entire affair. Assisting in recovering some of the lost property.