OpenSea Blacklisted $27 Million Worth of NFTs

Yuvi
Yuvi
3 Min Read

OpenSea, a major market for non-fungible tokens, has blacklisted more than $27 million worth of NFTs. These NFTs include top collections such as Azuki, Bored Ape Yacht Club (BAYC), CloneX, Moonbirds and Mutant Ape Yacht Club (MAYC).

According to Dune Analytics, the leading NFT marketplace marked several token IDs and transactions, including those of top NFT collections like Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, CloneX, and Moonbirds as stolen or suspicious.

OpenSea blacklists $27M NFTs

Opensea Blacklisted $27 Million Worth of NFTs
Opensea Blacklisted $27 Million Worth of NFTs

Directing non-fungible token (NFT) marketplace OpenSea blacklisted some main NFT collections rated more than $27 million. Nonetheless, several users have denounced the outlet for not achieving due persistence when marking an aspect as snatched.

Regarding this Dune Analytics dashboard-established by on-chain functional beetle, various token IDs and agreements of cap NFT exhibitions such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), CloneX, Azuki, Moonbirds, and Bored Ape Kennel Clun (BAKC) were marked or sceptical by OpenSea.

OpenSea Blacklisted NFTs
OpenSea.io

Established on the data given, the entire amount of NFTs blacklisted by the marketplace appeared to be 24,000 ETH (worth $27 million). The picture is regarding the ground rates of each aforesaid NFT collection.

OpenSea blacklists support on its website and avoid it from being marketed after a person reports the NFT as grabbed. However, there have been various objections asserting that the outlet arbitrarily featured NFTs without reasonable examination, meaning that anybody could handily document their NFT as snatched.

ALSO READ:

OpenSea is Facing Security Issues

OpenSea has also suffered some security breaches recently. As previously reported by CryptoPotato in June. The platform warned users about a possible email phishing attempt following a data violation.

OpenSea Blacklisted NFTs
OpenSea

“If you have shared your email with OpenSea in the past, you should assume that you were affected. We are working with Customer.io on the ongoing investigation and have reported this incident to law enforcement. Please remain attentive in your email practices and be vigilant of any attempt to impersonate OpenSea via email.”

In May, the company’s Discord channel was negotiated, which allows hackers to introduce a FALSE NFT coin to unsuspecting victims.

Share this Article
Posted by Yuvi
Follow:
Co-founder of Xryptonation.com, Senior Author, Editor, Blockchain Expert.
Leave a comment