NFT Owners Scammed Again. Over $1.7M Worth Of NFTs Stolen Off Of Platform OpenSea Through Phishing Scam

Collectors of NFTs that used OpenSea have been affected by a phishing attack, with a total of 254 tokens estimated to be worth more than $1.7 million stolen over a three-hour period.

On Saturday, OpenSea became aware of rumors about smart contracts connected to the non-fungible token (NFT) marketplace. In investigating the claims, it discovered that users were actually being affected by a fairly typical phishing attack.

Emails set to look like an OpenSea Community Update were sent to customers, inviting them to migrate their Etherium listings to a new smart contract. As OpenSea introduced its own legitimate smart contract one day prior, the phishing email took advantage of the change.

My heart goes out to anyone who got their money stolen through this NFT scam. You work hard. You save your money. You decide that you have made enough money that you're going to invest your discretionary income. You decide to invest in cartoon monkeys smoking cigs and BAM...your money is gone. Now imagine you got scammed and then your digital cartoon monkey was stolen on top of that. Devastating. You got got and got got. No screenshot of your art can even make you feel better because someone else now has it in their fake internet wallet. 

I've tried very hard to understand NFTs and I just can't get there. Artificial intelligence can make the art. Then a group of people tell you that it is worth something (which I guess is always the case with an asset) and bam. That's the market. I think I understand the value of the NFT platform, but the current application of these weird cartoons...I just can't get there. Investing in those feels like investing in Beanie Babies during the 90s. Eventually the bubble has to burst, but the underlying tech can be applied to something else. In the meantime...a bunch of people are going to lose a bunch of money investing in an image that never had any inherent value to begin with. 

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Eddie and I discussed NFTs, their value, the platform Opensea, the application, and everything else with a couple of guys who are heavily interested and invested. Hopefully they didn't lose their stuff through this because they seemed like good dudes to me. Full ep below