While the burgeoning NFT market has brought new applications to blockchain, it has also been targeted by criminals, with cases of users’ high-priced NFT assets being stolen from time to time.
Here are the statistics on how many blue-chip NFTS are currently frozen on OpenSea, the leading NFT trading platform, due to theft.
For an NFT notified of stolen or suspicious activity, Opensea will list a warning above and prohibit the transaction statistics of the NFT from user @beetle collated on Dune Analytics platform MAYC/ Stolen or Suspicious Number: 268 CloneX: 202 Azuki: 153 BAYC:
130 Doodles: 91 BAKC: 87 Moonbirds: 71 OpenSea Offerings New loot Policy OpenSea announced its new loot policy on Twitter earlier this month in hopes of improving the transparency of the process, according to earlier reports.
Failure to receive a police report from the informant within seven days will “unfreeze” the NFT’s trading function.
The policy change is mainly in response to many previous users’ NFTS being falsely reported stolen, unable to trade when their assets are frozen and, naturally, unable to sell in response to market changes.
Make it easier for users of stolen NFTS to resume transactions without notarization if they regain control of their NFTS or decide to drop the report.
In collaboration with ecosystem partners, the latest update of MetaMask Wallet shows that when users sign a smart contract, a complete warning will be displayed, so that users can understand the change of permission after signing the smart contract, and avoid the vicious contract where the wallet is stolen with one click.