OpenSea NFT Heist Likely Triggers Drop in Activity (Correct)

Activity on OpenSea, the world’s largest marketplace for digital collectibles, likely dropped precipitously after a phishing attack that saw traders lose as much as an estimated $3 million.

Trading in nonfungible tokens plummeted in recent days, according to data provider DappRadar. OpenSea’s seven-day trading volume is down 37%, DappRadar found.

An unidentified hacker stole 254 tokens from OpenSea users by sending a malicious email asking to transfer their assets to a new contract. Around 17 traders signed the contract, which effectively acted as a blank check, giving the hacker access to all of the NFTs stored on their wallet.

Some ...