OpenSea freezes stolen NFTs worth $ 2.2 million

TL; DR fault

  • Cybergoons stole $ 2.2 million worth of NFTs from the art gallery owner Todd Kramer yesterday.
  • An unauthorized person transferred the pieces from his wallet, but OpenSea confirmed that he had frozen them.

Yesterday, art gallery owner Todd Kramer lost his stock of BAYC NFTs to hackers. The pieces are worth $ 2.2 million. Fortunately, OpenSea intervened and froze those assets to prevent bullies from selling them.

OpenSea freezes stolen BAYC NFTs

The world’s largest NFT trading platform, OpenSea, announced the freezing of sixteen BAYC NFTs after hackers allegedly stole them from Todd Kramer. Kramer lost 16 NFT pieces worth 615 Ethereum tokens or $ 2.2 million.

In his favor, the pieces can no longer be traded on OpenSea. This help was the best help Kramer received from the incident, because many members of the NTF community were cruel to him.

His trading account toddkramer. eth posted a series of tweets explaining the loss of precious pieces. OpenSea rushed to his aid, but received a reaction from multiple tweets questioning how the platform could freeze assets.

He posted a tweet explaining that he lost his stake in NFT due to a phishing scam by clicking on a bad link. However, he removed his post due to the pressure of sharp reactions from the crypto community. He posted another tweet today to express the surprise he got regarding the cruelty of Twitter.

Although Kramer has little chance of regaining his possessions, his torment underscores the need for people to have appropriate operational security measures for cryptocurrencies. Yesterday he also posted a twitter claiming to have learned a lesson and advised people to use cold wallets instead of the popular hot wallets.

OpenSea gets a backlash for ‘good’

Many responded with mixed reactions after OpenSea revealed it would help Kramer by freezing stolen assets. Some were happy, but others expressed concern about the platform’s management. Others pointed out that it is absurd because it does not mean decentralization, which makes such functionality contrary to the crypto spirit.

Tweet of a famous developer Grady Booch read that he was shocked by the OpenSea intervention. His comment explained that the fundamental idea of ​​the cryptosphere is to abolish such interventions, and OpenSea defies that.

Kramer’s accident is not exactly new to the NFT world. This has already happened to other NFT collectors. On December 26, 2021, another collector was appointed Bergpay. eth he was found to have suffered a similar ordeal as Kramer. He said he lost seven NFTs from the hot ETH wallet, and the perpetrator also changed the ENS domain.

On November 30, 2021, another Twitter user was appointed fresframe he also announced the frustrations of NFT collectors after losing their pieces. This account confirmed that its owner also lost NFTs from the hot wallet. However, OpenSea has yet to freeze the funds of Bergpay and Friesflame, causing further controversy over their intervention system.

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