OpenSea blacklists NFTs for $29 million

It included tokens from the collections like BAYC, MAYC, BAKC, CloneX, Azuki, and Moonbirds

09.07.2022 - 10:30

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What’s new? According to blockchain company Dune Analytics, the OpenSea marketplace has blacklisted NFTs worth 24 000 ETH ($29,3 million at Binance rate as of July 9, 10:40 UTC). The non-fungible tokens have been marked by the platform as suspicious or stolen. The list included NFTs from the collections like Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), CloneX, Azuki, Moonbirds, and Bored Ape Kennel Club (BAKC).

Dune Analytics’ data

Community reaction. OpenSea’s actions have drawn criticism from customers. Users are dissatisfied that a report of an NFT being stolen often appears late and without a proper investigation process, which is unfair to the customer. In some cases, such a notification appeared almost three months after the purchase. Customers demanded that the platform ensure that the process used to mark a token as stolen is transparent.

Earlier, representatives of OpenSea reported a leak of users’ personal data. This happened because an employee of the Customer.io service, whose services the company used to send mailings, provided the data to a third party.

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