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Significant Marketplace OpenSea, Has Frozen 16 Bored Ape NFTs After Mass Theft

By Aaron - Crypto Investor - 31-12-2021

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As developing, trading and buying crypto assets continue to grow, the more we begin to see crypto thieves. By all means, theft in the crypto industry doesn’t occur as often as people are lead to believe, this is because many cryptocurrency exchange platforms are always increasing their security. That being said, there are hackers that search carefully for any holes in the systems in which they are able to access. Some companies even welcome hackers and pay them if they find any bugs in order to strengthen their cyber boarder. However, in this article today, Non-Fungible Token (NFT) marketplace, OpenSea, has witnessed a $2.28 million theft between Mutant Ape Yacht Club and Bored Ape Yacht Club NFT collections.

According to reports, OpenSea has had to freeze 16 Bored Ape and Mutant Ape NFTs in total. Seven from Mutant Ape, one from Clonex, and eight from the Bored Ape Yacht Club. Due to OpenSea having to freeze the assets, investors can no longer buy the tokens on the marketplace. The total amount stolen was 615 ETH (Ethereum) which bring it to around $2.28 at the time of theft. Reportedly, the news ties with an account with the username toddkramer.eth, more specifically, an account that the NFT community are hostile towards. Many of those that buy crypto art pieces know to dislike people like Kramer as they typically sell stolen NFTs. It turns out, the 16 missing NFTs were taken from Kramer’s hot wallet.

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