Hacker abuses OpenSea to buy NFTs at older, cheaper prices🌊
Hashing Bits | Week-4
Events Under the Spotlight
Binance Smart Chain Protocol Qubit Finance Hacked
Qubit Finance, a DeFi lending protocol, was subject to an exploit to the Qubit deposit function on the Ethereum network.
The hacker minted unlimited xETH to borrow on BSC and stole $80 million worth of tokens.
The Qubit team is negotiating with the exploiter and later released a post mortem of the event.
CryptoBay VIP rugged Investors
CryptoBay VIP, a P2E metaverse game on BSC, rugged investors for $411K by stealing more than 1,098 wBNB.
Mercenary Gold NFT project Rug Pull
Mercenary Gold NFT project, a P2E project on BSC, which was launched just last week rug pulled investors, stealing more than $760K from the investors.
The transfers were made using PancakeSwap.
CoinExGem Rugged
CoinEx Smart Chain, a public chain similar to Ethereum, announced that a project named CoinExGem, replicating the name CoinEx Smart Chain on the CoinEx Smart Chain rug pulled investors by suddenly removing liquidity from OneSwap.
OpenSea Vulnerability Leads to Exploit of Numerous NFTs
OpenSea has a front-end vulnerability where the buyer can purchase an NFT for the old floor price.
An attacker successfully exploited the vulnerability by purchasing NFTs for 0.77 ETH, sold for 84.2 ETH, and gained 332 Ether in the process.
The attacker used Tornado Cash to exploit the vulnerability.
The hacker was able to steal at least $1M worth of NFTs at reduced prices.
OpenSea denied the allegations of hack sighting a UI issue.
Full Send Metacard Discord Hack
The Discord server of Full Send Metacard NFT, an NFT project by NFLK Boys was hacked to post scam link, and people lost their money and NFTs.
The team tried to mitigate the risk following the hack.
Solana’s Network Outage
Solana main net beta experienced another network outage as transactions on the network increased significantly.
The issue pertains to the program cache, which caused the recent performance degradations.
The Solana engineering team has started fixing the identified problem.
To the Numerophiles out there 🔢
The next trend in NFT is to rent them out, and crypto landlords are killing.
More From the Editor’s Desk
“If you had two games that were similar, one of which affords you the opportunity to actually make money while the other one doesn’t, it’s a no-brainer, especially if the entry into it is relatively inexpensive,” Richard Leach, the marketing officer for GameFi AG told CoinGeek.
The future belongs to pay-to-earn games, Leach believes.
Check out our latest article on “How the Paradigm-Changing GameFi Combines Crypto, DeFi and Play-to-Earn Gaming”, Click the button below for more!
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