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Later that month, OpenSea reimbursed users about $1.8 million after a user interface bug allowed users to buy more than $1 million worth of NFTs at a discount. [16] [17] On January 27, 2022, OpenSea announced it would limit how many NFTs a user could create using the free minting tool. [18] The following day, OpenSea reversed the decision. [19]
The code directed users to a web page advertising US$15 in free bitcoin for new accounts plus entry into a promotion for a sweepstakes to win three US$1 million prizes for bitcoin. The low-tech image evoked the retro look of the old DVD screensaver logo bouncing around the screen.
On February 20, The Verge reported that hundreds of NFTs were stolen from OpenSea users, causing a panic among the site's community of users. [3] The estimated value of the stolen tokens was more than $1.7 million. [3] According to OpenSea, only 17 users actually lost tokens, while 15 others interacted with the attacker but did not lose tokens. [3]
Following OpenSea’s move in Iranian and Venezuelan users accounts, pressure on crypto exchanges to impose blanket bans on Russians will intensify.
OpenSea, one of the leading NFT marketplaces, has suffered a so-called exploit -- the described exploit enabling users to purchase NFTs from users at well below market value. NFTs with a market ...
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In January 2022, Forbes estimated the stakes in OpenSea owned by Finzer and his co-founder Alex Atallah to be worth $2.2 billion each, making them the first two non-fungible token billionaires. [2] In April 2023, the net worths of both founders were estimated to have fallen to less than $600 million each following a steep decline in OpenSea's ...
OpenSea users with Iran-based IP addresses are claiming their accounts were terminated on Thursday, in what is developing into a larger discussion about international sanctions and popular Web 3 ...