Cyber Security

NFT Market OpenSea Patches Flaw Probably Resulting in Cryptocurrency Theft

OpenSea, the world’s largest NFT market, has addressed a safety vulnerability that might have allowed hackers to hijack consumer accounts and empty their crypto wallets with the assistance of maliciously crafted NFTs (non-fungible tokens).

The difficulty was found by safety researchers with Test Level, following complaints from OpenSea customers of crypto-theft makes an attempt after receiving and opening free airdropped NFTs.

NFTs are distinctive and non-interchangeable items of knowledge that can be utilized to characterize easily-reproducible objects corresponding to movies, audio and pictures as distinctive objects.

The safety defect recognized by Test Level couldn’t be exploited with out consumer interplay. The malicious NFTs would set off pop-up messages on which the consumer needed to settle for subsequent operations that allowed hackers to seize their account data.

Particularly, the message would request for the consumer to permit a connection to their cryptocurrency pockets. With such pop-ups widespread on OpenSea for different actions, customers would probably verify the connection with out an excessive amount of pondering.

Thus, the sufferer believed they have been enabling motion on the acquired gifted NFT, however they have been in reality offering the hackers with entry to their pockets.

Subsequently, the hackers might provoke a fraudulent transaction from the sufferer’s pockets to an attacker-controlled pockets, which might set off one other pop-up message from OpenSea’s storage area.

Ought to the sufferer settle for the transaction with out noticing what it was all about, their wallets would have been emptied.

It’s price noting that the vulnerability was recognized in the course of the cybersecurity agency’s investigation into reviews of pockets thefts, however this doesn’t look like the flaw leveraged in these assaults.

Test Level says they knowledgeable OpenSea of the found safety gap on September 26 and that the platform addressed the problem inside an hour after receiving the report.

“These assaults would have relied on customers approving malicious exercise via a third-party pockets supplier by connecting their pockets and offering a signature for the malicious transaction. Now we have been unable to establish any situations the place this vulnerability was exploited,” OpenSea stated.

Customers are suggested to rigorously examine all the pop-up messages they obtain and what’s requested from them, to establish suspicious requests and reject them.

In August 2021, OpenSea recorded $3.4 billion in transaction quantity.

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Ionut Arghire is a global correspondent for SecurityWeek.

Earlier Columns by Ionut Arghire:

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