OpenSea vulnerability seems to have destroyed nearly $100,000 of NFT

It is reported that a vulnerability in the OpenSea market deleted the NFT (28.44 Ether) owned by users (Ethereum), nearly $100,000 at the time of writing.

This information was revealed online by Nick Johnson, the lead developer of the Ethereum Name Service or ENS. According to reports, he lost an NFT that was associated with the first ENS named rilxxlir.eth. ENS is a naming system that allows users to store text-based content as NFT on the Ethereum blockchain.

When transferring NFT from an ENS account to a personal account, Johnson Noticed The token is sent to what appears to be a burning account:

“I went to OpenSea, clicked’transfer’ and typed’nick.eth’. After a while, the transaction was completed! rilxxlir.eth was transferred to 0x0000…0000edd899b. Wait, what?”

According to Johnson, his first interaction with OpenSea confirmed that the NFT burning vulnerability was introduced on the transfer page of the platform, which affected all transfers of ERC721 to ENS names in the past 24 hours.

Outside sea Said:

“We have contacted a small number of users who were affected by this issue yesterday, where the NFT was sent to the ENS name to send it to the encoded version of the text (such as “OS.eth”) instead of the relevant address. This was introduced and fixed that day mistake.”

Johnson track At least 30 transactions were reduced from 21 accounts, of which NFT was lost due to system errors. According to this information, a total of 42 NFTs were burned.

Johnson claim The lost ENS token has no monetary value, but it is cherished as the first registered ENS name in history.

OpenSea did not immediately respond to Cointelegraph’s request for comment.

related: OpenSea’s 37-employee team currently handles 98% of the total NFT transaction volume

OpenSea becomes Became a crypto unicorn after raising $100 million in August In a round of financing led by Andreessen Horowitz. According to reports, the 37-member team of OpenSea handled 98% of the platform’s NFT transaction volume at the time.

To speed up the recruitment process, The company provides 1 ETH for successful referralsNate Chastain, Head of Product at OpenSea, said: “Due to the urgent need for manpower, we are trying to supplement our recruitment process by recruiting some guerrillas.”

As Cointelegraph recently reported, OpenSea is currently The largest consumer of Ethereum network fees.