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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]
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]
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 ...
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