*Negan Whistles*
I know that it’s pretty late on Sunday but I wanted to share this.. Most of you are up on game about how #NFT are really buzzing and building. What most don’t know if that they are aligned with smart contracts. Well one of the biggest marketplaces (think digital department store but for NFT) OpenSea was hit by a MAJOR phishing situation. Even some of their developers and tea were impacted.
I sat on some Twitter Spaces last night about the situation and while it was agreed that some sort of policy needs to be established that it sorta takes away from what #web3 is about. The notion about smart contract is that they are supposed to be more secure and private; emphasis on some. Here’s some more context on this situation:
- PeakShield complied a Google Sheets of the 254 (and counting) tokens stolen: https://docs.google.com/spreadsheets/u/0/d/1XQNIXuAl2E1XO_cP8pm_vbzskI_Pka4E5sizfcrLITM/htmlview#gid=0
- Some of these tokens from $MANA and Bored Ape Yacht Club.
- Over $1.7M worth of tokens seized and counting.
- Sadly enough this comes in the middle of them securing funding.
- Here’s tweets from their CTO (Chief Tech Officer): https://twitter.com/nadavahollander/status/1495509511179755530?s=21
- Tweets from their CEO: https://twitter.com/dfinzer/status/1495245307898044416?s=21
My thoughts — if you have purchased any NFTs on OpenSea. Change your password and if possible implement 2 Factor Authentication. I also recommend this to anyone with apps to do this because cybersecurity is at an all time wow. I love Authy and Google.
Whenever you do purchase your NFT keep them on a separate wallet.
While I linked those tweets about this situation, these 🧵 are good reads to know and leverage about how NFTs work.
With more and more brands starting integrate NFTs and digital assets in their infrastructure and roadmaps — I really hope that best practices about how they work (+ blockchain, wallets) will be added.
Keep this in mind when folks airdrop to you as well — separate wallets will help keep your assets secure as possible. This incident is still going on, but I think we will see this happen even more. More and more marketplaces are getting slammed.
Check the site address to make sure you aren’t being duped, folks!
Update: Look into hard wallets folks — Ledger is my fav at the moment. Like I have multiple portfolios for key reasons. I do this for my wallets. I talk about that a bit here: bit.ly/3Eu0ZQd
#crypto #cryptonews #nftcollection #possibilities
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Casey check this out. @caseycinnamon
@nvknows you are such a wealth of valuable information, thank you.😊
For now, I'm just not into NFTs yet. I know too little on the subject. Seems like a hot mess to me.
@nvknows Frankly, so much of this is over my head, for now. I shall continue to seek you thoughts on thing through your post. Thanks again my sister. 🥇
Debbi@Ebonyeze
If you’re investing in crypto or NFTs you should by hard wallets such as Ledger or SafePal. I’m working now to offload my crypto onto my wallet. Hopefully I’ll have it all transferred this week🌹
S
Crypto has always been a playground for a very intelligent scammers. Because of this, it is pretty much ‘common sense’ or it should be at this point… for the user to offload ANY asset from public wallets… crypto, NFT’s, rewards, drops, etc. to an an ‘unassociated wallet’ than the platform-and hopefully a cold wallet at that.
For example, if I purchase an NFT on opensea? I am immediately moving…See more
I transfer my holdings as soon as I get them to hard! I love Ledger too! Keep me posted Debbi! @Ebonyeze
Yes, Sev. It has always been that way. Been in it for awhile and seen it get pretty interesting and which some of the stories I’ve seen on Twitter — this one doesn’t shocked me. The bigger the whale, the more the they try to go after it. Always transfer. Keep things separate. Doing your due diligence is key @Cryptonerds
I also recommend using encryption email like protonmail with a username you've never used online before and only use that email for marketplaces and exchanges. No newsletters, or any of that crap. And write passwords down. Make them at least 8 characters long.
Keep things like this separate for your general email — for sure Christopher! @crsbldso
I think nfts will be banned in the next 5 to 10yrs humans usually like physical art not digital same with not a big fan of metaverse I think its a piece of crop
@Tacokitty just curious, what would peoples opinions on physical to digital art have to do with banning NFT's? Usually banning an asset falls in line with fraud or illegal activities.
I don’t know about banned, but it will be tighter restrictions for sure. OpenSea has been the target of not only this but other commentary lately. Also, it might not be just NFTs themselves but the marketplaces. The same way that Public had to have rule and regulations to operate, for marketplaces— it will become tighter. Need proof? NYSE has their own trademark for it. They are learning about the…See more
Brian Cummings@BriAnishHeRe
There are different NFTs. I have a few commemorative worthless ones that don’t/aren’t supposed to sell (although I’m sure I can, if i really wanted to, if they are not locked to a wallet).
I mainly see these going as art *or* a digital avatar with chuckecheese style money attached to them.
This site: only1.app totally took me into a different direction on NFTs supporting a social side.
It lo…See more
Very much so — there are even a boom in membership based NFTs. Interesting to see @BriAnishHeRe
@crsbldso nfts don't make sense when u can screen shot it and physical art holds value more take for instance the Mona Lisa physically is worth millions a digital copy or replicas are worth maybe 7$ to 10$
Also , pple tend to like physical possessions more then digital
Brian Cummings@BriAnishHeRe
@Tacokitty Thats another reason people do this on chain. The code gives it authenticity. Yes, you can screenshot it *but* there’s proof behind the picture if it’s real.
@BriAnishHeRe idk man just doesnt seem good its kinda like the metaverse I'm against it to but I'm sure it will take flight never understood why pple would buy real estate in a virtual world where u can just create more and more land I'd honestly like to own real land not virtual land also what's next can I shoot he person and sue em for stepping on my virtual land in the metaverse take em to court…See more
Never rush into a investment I see so many in crypto and nfts rush into investments and platforms because they hear or see or know someone who got rich off it don't expect to get rich just invest wait and do ur research and give time for the platform at least a year or two before u invest in a platform my thing is a minmum of 5 yrs to invest with a new platform cause usually the first 2 years thi…See more
I almost left public cause of the plaid bank thing I was useing my card which took money off it instantly now they got u with this banking plaid thing and it takes 5 days to debit ur bank account they use to just debit it instantly and it would show up in my cash portfolio to spend but I guess they must have a third party affiliation is why it takes so long now
The brilliant mind behind @mom1023 previously posted a series about the OpenSea hack immediately upon it happening that anyone interested in it/NFTs/crypto should read. Pardon me @nvknows but I can’t resist copy-pasting it here for access to your wider reach of followers.
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1. Explainer: https://public.com/p/TOmXFRinTeItDVQbRstRRMsLZosaOWp5
2. https://public.com/p/f52e50de-07e3-4dbc-9058-975…See more
Hey guys Im Adrian and really I dont know anything about this stuff But I want to know about it and I'm willing to learn if someone will work with me on the learning process I don't have much money if any to be honest I've been away for some years and now I have nothing but I want in and I want to have something for my kid that's on the way. Maybe this will help me 5 or 10 yrs from now Idk but I n…See more
Debbi@Ebonyeze
❤️
Thanks everyone for your opinion — also leveraging the context I’ve been watching with the CBDC and the complexities with that. There much more to the insight above in which I shared— a lot I share on Twitter 🤷🏾♀️. OpenSea has been under the radar with not only this situation but also another collection that isn’t talked about that is being deemed racist. Just like today Puma announced project. OpenS…See more
There’s security breach news every week about NFT and crypto. Idk why people are investing so much in it when stocks are way more reliable and proven to be working for decades 🫠 I mean it’s all wealth redistribution to make the rich richer but crypto stuff is just exponentially worse
