OpenSea Blacklists Top NFT Collections Worth $27M

As shown by data from Dune Analytics, OpenSea, the world’s top platform for non-fungible tokens, recently blacklisted a handful of big-name collections. Altogether, the marked collectibles are worth roughly $27 million. OpenSea Flags Tokens Late  Thursday, an on-chain sleuth called beetle put up a dashboard on Dune outlining relevant information regarding the blacklist. Indeed, the list featured the Bored Ape Yacht Club as well as offshoots Mutant Apes and the Bored Ape Kennel Club. Other marked projects include CloneX, Azuki,…

OpenSea Co-founder Alex Atallah Set to Quit, Out to Start Over

OpenSea co-founder Alex Atallah has shared news of his impending exit from the company he helped make into the world’s top marketplace for non-fungible tokens. Atallah is Eager to Start From Scratch Atallah noted in his announcement tweet that the move would take effect in a month, specifically on July 30. Notably, while he is leaving the company, he will remain on the board. He shared his reason for quitting, which is to return to his core passion: "building something…

OpenSea Warns Users of Attacks Due to Data Breach

NFT marketplace OpenSea informed its users of possible phishing attacks, following a data breach exposing customer emails. Notably, the company has been at the center of attacks and controversies in recent months.  Concerns over Customer Security Open Sea in a blog post revealed that an employee of Customer.io, OpenSea’s email vendor, abused their privileges. The errant employee downloaded and shared customer data with an authorized third party.  In light of the development, OpenSea warned its customers of the potential vulnerability…

Ex-Employee at OpenSea Charged With NFT Insider Trading

New York City prosecutors have levied first-of-a-kind NFT insider trading charges against a former OpenSea employee. Manhattan Attorney Damian Williams says it represents his commitment to stamping out both stock market and blockchain-related trading crimes. The charges are related to insider trading activities carried out by 31 y/o Nathaniel Chastain while working at OpenSea. According to Reuters, Chastain is accused of secretly buying 45 specific NFTs on 11 different occasions. When doing so, he was under confidential knowledge that the…

Hackers Compromise OpenSea Discord Again, Push Scam NFTs

Earlier today, a hacker gained access to NFT marketplace OpenSea's discord server, exploiting its channel for a phishing scam. This is the second time that the platform has fallen victim to this form of attack this year. Hacker Promotes Fake Collab Between Youtube and OpenSea According to reports and screenshots from participants in the server, the attacker took over one of OpenSea's bots. They then uploaded a string of posts sharing news of a collaboration between YouTube and the NFT…

BitsCrunch Raises $3.6M in Funding for NFT Analytics Tools

BitsCrunch, a multichain NFT analytics firm, has secured $3.6 million in a recent funding round. Some of the cryptosphere's most powerful investment firms have contributed to this event. So, while the project is still developing, it clearly benefits from important industry support. What is BitsCrunch? BitsCrunch combines artificial intelligence with analytics tools to determine a fair price for NFTs. Additionally, it identifies wash trading warnings and calculates whether an NFT is genuine or fake. The company operates from Germany and…

OpenSea Hack Victim Offers To Buy Back Bored Ape NFT From Hackers

A $2.2 million hacking attack victim offered to buy back one of the NFTs from the attackers, even as OpenSea froze its account. Todd Kramer, who goes by picasso5328 on NFT marketplace OpenSea, had 16 NFTs stolen. The collection included 8 Bored Apes and 7 Mutant Apes. He listed the stolen NFTs and asked OpenSea to freeze them. The largest NFT platform did so, and it banned the trading of the compromised NFTs. https://twitter.com/toddkramer1/status/1476546822910918666 The marketplace froze all the stolen NFTs…

Employee Traded Insider Information, Opensea Confirms

Opensea NFT marketplace confirmed on the 15th that one employee was insider trading. The event came after several social media users accused one of their top executives of trading insider information. Opensea accepted publicly and announced the new policies they set against insider trading in the future. Opensea Employee Trading Information On Wednesday, Opensea confirmed that one of their employees had taken part in insider trading. Opensea is the largest NFT marketplace. It had trading volumes of over $3.3 billion in August.…

Alto City – Location Inspired NFT Collectibles and More

The Alto City developers want to combine depictions of the world's top cities with the excitement surrounding the NFT market. The platform combines luck with a collection of rare artwork to create a fun user experience unlike anything else in the market. Users unlock new cities and artwork with every minting. Best of all, each NFT collectible is 100% unique. Your freshly-minted NFTs reach the OpenSea market automatically. This way, you can save time and effort when looking to resell…