NFT Traders Face Security Breach: Millions of Dollars in NFTs Theft

Urge users to revoke delegation

The NFT Trader security breach exposed vulnerabilities in existing smart contracts, allowing hackers to compromise the platform. NFT Trader urged users of The stolen NFTs included important collections such as the Mutant Ape Yacht Club, Bored Ape tokens, VeeFriends, and World of Women, with a total loss of nearly $3 million.

Following the security breach, social media platforms witnessed rumors and misinformation spreading about the incident. The situation has become more complicated as conflicting information has emerged about the number and motivations of the hackers involved. One of the attackers publicly claimed that the original attack was the work of another user and stated his intention to collect a ransom in Ether (ETH) to return the stolen NFTs.

Hacker returns NFT along with Ether.

In an unexpected turn of events, one victim reported that the attacker returned a rare NFT along with 31 ETH, worth nearly $70,680 at the time of the statement. These unusual actions have raised questions and confusion in the affected communities. Recognizing their limited technical capabilities, the attackers offered to pay victims a 10% bounty in Ether for the return of their NFTs, creating a complex and unpredictable situation.