Mintable Recovers 3 NFTs Stolen in OpenSea Exploit
Mintable, an NFT marketplace, is returning three NFTs stolen in a recent OpenSea exploit to their legitimate owners.
Mintable's team was looking for Azuki NFTs on LooksRare NFT marketplace for its February Floor Buster flash sale when it came across and bought Azukis #1178, #4176, and #1180, according to a press release. Mintable said in a statement that it “would like to return them to their previous holders.”
A phishing attack took around USD 1.75 million worth of NFTs from OpenSea users on February 19th. Mintable was purchasing Azuki NFTs for their flash sale on February 20th, which is part of the company's ongoing floorbuster campaign to sell hot collections for less than the retail price. Thus, they found listings for the stolen NFTs and purchased Azuki #1178, #4176, and #1180 for around $13.35 each, with the intention of returning them to their previous owners.
“This exploit was possible because of a bug on OpenSea, and If OpenSea isn’t going to make it right, someone has to,” said Mintable founder and CEO, Zach Burks, “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.”
Despite the fact that it was initially described as an exploit, OpenSea CEO Devin Finzer later stated that the users had been the victims of a phishing attack that "did not originate" from OpenSea. The users had unwittingly "signed a malicious payload from an attacker, and some of their NFTs were stolen," according to Finzer.
Mintable is a utility-focused marketplace, with every feature dedicated to improving the NFT trading experience. As the top technology platform in the space, Mintable has pioneered gasless minting, batch minting, and credit card purchases of NFTs. In 2021, Mintable announced the backing of a list of high-caliber investors including renowned venture capitalist and television personality, Mark Cuban; Sound Ventures, a venture capital firm founded by Ashton Kutcher and Guy Oseary; and TIME Ventures, the investment fund for Marc Benioff. To date, Mintable has sold and auctioned works by Grammy-Award-winning artists, 20th-century avant-garde artists, and various high-profile artists and celebrities.
In addition to the Marketplace, the Mintable ecosystem also includes Mintology, an NFT solutions provider for enterprise, and Mintable Go!, an investment fund dedicated to driving innovation in the NFT ecosystem.
For more information, please visit: https://www.mintable.com