A bug on the non-fungible tokens (NFT) marketplace OpenSea has allowed scammers to purchase at least $1 million worth of blue-chip NFTs across multiple different wallets for significantly much less than their collection’s floor price. Taking advantage of the exploit, an OpenSea user ‘jpegdegenlove,’ who only created the account this month was also able to snap up BAYC #8924 for 6.66 ETH worth $14,700 and #8274 for just under 23 ETH or $50,800. The floor price for a BAYC NFT currently stands at 86 ETH, which is just under $200,000 at the time of writing. Jpegdegenlove also bought two Mutant Ape NFTs, a Cool Cats NFT, and a CyberKongz NFT, and appears to have gained about 332 ETH worth $733,500 using the exploit. Etherscan has since aptly labeled jpegdegenlove’s account as ‘OpenSea Opportunistic Buyer‘. It appears that @opensea has a front-end issue and the exploiter gained about 332 Etherhttps://t.co/35kCB1n7nv — PeckShieldAlert (@PeckShieldAlert) January 24, 2022 In a Twitter thread, Rotem Yakir, a developer at the decentralized money business Orbs.com, explained that the bugs apply to those who re-listed their NFTs without properly canceling them. Following my previous tweet (https://t.co/NInuTuIkgq), here is a 🧵about the @opensea bug. 1/ — Rotem Yakir 🍊 🌐 (@yakirrotem) January 24, 2022 For instance, if someone was using OpenSea to put an NFT for sale and later decided to cancel it, the platform would still charge for a de...
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