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OpenSea Freezes $1.9M Stolen Bored Apes

The NFT marketplace had to seemingly step in and help out a user after he took to social media to report the phishing attack.

bored-ape

OpenSea, the NFT marketplace had to freeze the assets of a user who claimed his Bored Ape NFTs were “hacked.” The user’s NFTs were worth $1.9 million.

The user, named Todd Kramer, who runs the Ross+Kramer art gallery in New York, made a tweet stating he clicked on what he believed to be a link that looked like a genuine NFT dapp (decentralized application.) As luck would have it, it turned out to be a phishing attack, resulting in 16 of his NFTs being stolen.

“I’ve been hacked,” he said. “All my apes are gone.”

NFTs are digital tokens that provide ownership to digital assets like GIFs, art, and even music files. Speaking of which, Bored Ape Yacht Club NFTs are some of the most popular PFP (profile picture) collections, which are essentially a series of cartoon ape images containing randomly generated attributes.

They’re especially popular among various celebrities and influencers, such as Snoop Dogg and Jimmy Fallon. Nearly $1 million has been spent on trading these NFTs so far.

Though the situation Kramer found himself in was undoubtedly stressful, a lot of Crypto users on Twitter saw the opportunity to pull his leg on the matter, including various jokes about him having to now change his profile picture since he no longer owns the Ape.

The news about OpenSea freezing Kramer’s assets in order to help him recover them did garner some criticism, however. Some people made the argument that appealing to a 3rd party to freeze NFTs pretty much spits in the fact of crypto’s claims to be “decentralized.”

Tweets like this encapsulate the argument mentioned.

Of course, Kramer further stated he’d be glad to use a hardware wallet in the future, just to make sure his assets are indeed safe.

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