The OpenSea NFT platform dragged to court following a massive theft of funds


Noellie Mautaint

February 23, 2022 at 2:30 p.m.

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Bored Apes

© OpenSea

After the attack of phishing
which allowed a malicious user to siphon off hundreds of NFT
OpenSea must face the consequences.

One of the victims is taking the platform to court for safety negligence.

OpenSea sued over NFT theft

Cases are piling up for Opensea. victim of an attack by phishing
this weekend, the main marketplace for the sale, exchange and purchase of NFT is now being taken to court. Timothy McKimmy has filed a $1 million lawsuit against the platform for failing to take adequate security measures to prevent the theft of his property.

The user was indeed robbed of a single non-fungible token from the Bored Ape Yacht Club (BAYC) collection, but this one was very rare. According to him, the hacker managed to steal his precious for 0.001 ETH (about 25 dollars). He would then have resold it for the modest sum of 99 ETH, or more than 250,000 dollars. This sum could have been three times greater, estimates RarityTools.

Instead of shutting down its platform to address and rectify security issues, OpenSea
continued to operate its site. It jeopardized the security of NFTs and the digital wallets
users to continuously collect 2.5% on each transaction “, indicates the complaint. A maneuver that the victim considers both as negligence on the part of the company and a breach of contract. He and the community hope that this legal action will influence other victims of the attack to do the same.

Source: CoinQuora



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