A new truly decentralized world? The OpenSea platform “freezes” a collection of stolen NFTs


Noëllie Mautaint

January 03, 2022 at 8:15 am

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Bored Apes

© Bored Apes Yacht Club

Is the new world really decentralized? A new case of theft of NFT
questions the question.

OpenSea, NFT’s largest marketplace, has frozen almost $ 2 million worth of non-fungible tokens. A decision that was not viewed favorably by part of the community.

OpenSea blocks sale of 1.9 million stolen NFTs

It is a matter that divides the cryptocurrency community. This Thursday, December 30, 2021, the OpenSea platform froze the equivalent of $ 1.9 million of NFT Bored Apes after their owner reported their theft. A victim of phishing, Todd Kramer was deprived of 16 disillusioned monkeys and mutants from his collection, whose sale and purchase have been suspended and which are now reported as “suspicious activity”.

Quickly, the critics have fired. Part of the “crypto-community” believes that using a marketplace to freeze NFTs goes against the decentralization advocated by these virtual currencies. Ditto for the members of the platform who, according to them, should not be able to block collections, whatever the reason. ” True decentralized ownership means that no one should be able to interfere », Comments one of the members on social networks.

This case comes shortly after the platform removed a collection that plagiarized Bored Apes Yacht Club. A decision that is also controversial within the community and which raises several questions around the security of NFT platforms and the bans put in place that go against the principles of decentralization.

Source: Decrypt



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