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  • OpenSea Reimburses Users $1.8 Million USD After Site Exploit Led to Bored Ape NFTs Being Resold for Cheap

    3 monthes ago - By Hypebeast

    NFT marketplace OpenSea has reimbursed about $1.8 million USD to its users after a mechanism on the site was exploited and allowed people to buy and flip NFTs for cheap. Earlier this week, a number of blue-chip NFTs, including Bored Ape Yacht Club , Mutant Ape Yacht Club, Cool Cats and Cyberkongz, were resold for well-below market value without the seller's knowledge. The issue was initially dubbed a bug, but OpenSea has since explained that the debacle was caused by a mechanism that had been exploited by savvy traders. GM? This is the first edition of weekly threads we'll be doing to...
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