OpenSea’s New Migration Contract is Suspected to Have Vulnerabilities

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Today’s Cryptocurrency Headline

The new migration contract launched by OpenSea yesterday is suspected to have a vulnerability, and attackers are using this to steal large number of NFTs and sell them for arbitrage. The stolen NFTs cover multiple high-value series such as BAYC, BAKC, MAYC, Azuki, Cool Cats, Doodles, Mfers, etc. The cause of the vulnerability has not yet been fully confirmed. The OpenSea team said it is investigating the attack, saying it may be a phishing attack from outside the OpenSea website. OpenSea reminds users not to click on links outside the official website. PeckShield then tweeted that the user authorized the “migration” in the phishing email, which resulted in the NFT being stolen by the hackers.

BingX’s Bitcoin Chart

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Due to the Ukraine crisis and the Federal Reserve tightening its monetary policy, BTC fell to $38,000 price level during the weekend. On the daily chart, it is clrear that BTC has entered a downtrend channel and the price is likely to drop below $36,000 next week if the bears keep controlling the situation.


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