Three NFTs stolen in OpenSea exploit recovered by Mintable

OpenSea rival Mintable has now recovered three NFTs stolen from OpenSea users in an alleged phishing attack that occurred last week.

In a press release published today, Mintable revealed that it had acquired three NFTs, Azukis #1178, #4176, and #1180 of NFT collection Azuki, from the newly launched NFT platform LooksRare for its February flash sale. However, after the company identified that the NFTs were stolen during the OpenSea exploit, it has decided to return the NFTs to the previous holders.

Taking a candid dig at OpenSea for the way it handled the exploit, Mintable founder and CEO, Zach Burks stated:

“This exploit was possible because of a bug on OpenSea, and If OpenSea isn’t going to make it right, someone has to. For some of these people, all their net worth is tied up in their NFTs and it’s horrible to have them stolen. We like the Azuki community and we want to help give back to the people who lost over $140,000 through the exploit.”

OpenSea revealed on 19 February that about USD 1.75 million worth of NFTs were stolen from some of its users in a phishing scam. Previously believed to be an exploit, OpenSea CEO Devin Finzer later clarified that the phishing attack was unrelated to OpenSea’s platform.

“As far as we know, this is a phishing attack. We do not believe that you are connected to the OpenSea website. It appears that 32 users so far have signed a malicious payload from an attacker and some of their NFTs were stolen,” Finzer tweeted at the time.

Meanwhile, this is not the first time OpenSea users have suffered this year. In January, a bug in the OpenSea smart contracts allowed hackers or merchants to purchase some NFTs, including popular Bored Ape Yacht Club NFTs at a far-below average market price.

Following this, a $1 million lawsuit was filed against the company by a Texas man Timothy McKimmy. McKimmy noted that his Bored Ape Yacht Club NFT, allegedly worth $1.3 million, was accidentally sold off during the exploit.

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