![]() ![]() The Ethereum blockchain requires users to pay a gas fee to execute transactions, including canceling a listing on OpenSea that has not yet expired. How did this happen? Tech-savvy buyers have been using services like Tornado Cash to funnel money into crypto wallet addresses without disclosing the source and using those funds to buy NFTs at old listing prices. These listings were never canceled on the blockchain, even though the user interface on OpenSea suggested that they had been. Recently, several users of the leading NFT› marketplace had complained that their blue chip NFTs, such as those belonging to the Bored Ape Yacht Club (BAYC) collection, had been purchased at old, cheap listing prices. ![]() OpenSea has now reimbursed 750 Ethereum, about $1.8 million, to users who accidentally sold valuable NFTs at well below their going market rate through an exploit involving “ inactive listings. ![]()
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