OpenSea freezes $2.2 million of stolen Bored Apes

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2022-01-02 16:25:19

Art gallery owner Todd Kramer had his valuable NFT collection stolen from his hot wallet yesterday, so OpenSea has frozen around 2.2 million worth of stolen assets. dollars.

NFT Market OpenSea has frozen 16 Bored Ape and Mutant Ape (NFT) non-edible tokens after they were stolen yesterday from a New York art gallery operator.

In total, one Clonex, seven Mutant Ape Yacht Clubs, and eight Bored Ape Yacht Club NFTs currently worth approximately 615 ETH ($2.28 million) were stolen and are currently untradeable on the internet. OpenSea.

The account toddkramer.eth, affiliated with the Ross + Kramer Art Gallery in New York, posted a series of tweets detailing 16 NFTs that had been stolen from his hot wallet and begging OpenSea and community NFT coins help. While the NFT community is generally unsympathetic to traders’ plight, OpenSea has frozen trading for stolen items.

@gidwellsoon @Tob_Opensea @ j1mmy I was hacked. Please help

Ape 2771
Ape 6416
Ape 1623
1708
Ape 8214
Ape 7528
Ape 9988
Ape 9410

mutant 25057
Mutation 11177
Mutation 28752
Mutation 24718
Mutation 2436
Mutation 9278
Mutation 2434

Clonex 6801

– toddkramer.eth (@toddkramer1) December 30, 2021

The frozen buying and selling of NFTs led some traders to decry the lack of decentralization, one of the most cherished aspects of the crypto industry. One Twitter commenter kw.sol said: “Who was able to freeze n? It feels pretty anti-crypto to ask third parties to do this and ideally they can’t. ”

Renowned software engineer Grady Booch explained the lack of decentralization in this case when he commented:

“I’m being silly. And here I think code is law and one of the ideas about cryptocurrencies is to eliminate any possibility of centralized interference.

A hot wallet is a type of cryptocurrency software wallet that is connected to the internet – most commonly MetaMask – whenever the device it is installed on is connected.

Kramer tweeted that he lost his collection through a scam that gained access to his hot wallet after he clicked on a malicious link. He deleted the tweet after the harsh comments. Kramer most recently tweeted on December 31 that he was surprised by the reaction:

Twitter is ruuuuuuthlesssss

– toddkramer.eth (@toddkramer1) December 30, 2021

While Kramer has little stake in recovering stolen NFTs, his experience shows the importance of proper operational security (opsec) as a crypto trader. or NFT collectors. He said he learned a valuable opsec lesson in dealing with crypto when he tweeted yesterday:

“Lessons Learned. Use a hardware wallet…”

A hardware wallet, also known as a cold wallet, is a cryptocurrency wallet that does not connect to the internet until it is manually plugged into a computer and then each transaction needs to be approved using physical nodes. Hardware wallets are a superior way to hot wallets to secure crypto assets.

The Kramer Challenge is not a unique experience for NFT traders, especially those familiar with the Bored Ape Yacht Club collection.

On December 26, NFT collector bergpay.eth said he suffered the same fate as Kramer when 5 Jungle Freaks and 2 NFT Sandboxes were stolen from his Ethereum wallet and his ENS domain was stolen. move to a new address.

On November 30, the friesframe Twitter account summed up the frustration that can overwhelm an NFT owner if they discover their favorite items have been stolen from their hot wallet.

OpenSea has not frozen the NFT of bergpay or friesframe.

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