NFTs worth millions of dollars were stolen just now

[jrrsparkles]

If I am not wrong stolen NFTs are harder to cashout than coins and other tokens so with good tracing analytical team it possible to identify the address and somehow it is possible to link the individual with the known address if they ever came into contact with any kyced platform and also NFT marketplace should blacklist those address which makes it impossible for the hacker to do anything further.

[johnsaributua]

Crypo curency makes transactions very easy in the hands of digital, blockchain progress presents NFT assets that are much easier, I mean in terms of quantity that is only a finger count but worth a lot of money. I know bored ape in the nft telegram channel at a price that I can't imagine, because the actual nft artwork in terms of price is so awake, I bought only a few nfts, even though the cex event did not participate in an nft project to buy. Even if i am get it, it's just a gift.

I agree, that even revoke /ekt I don't think all crypto users know or use it, especially the nft that I know is not evenly distributed around me in the sense that it is not as popular as crypto coins because nft is a hobby and collection, i hope there is a nft rekt/revoke website for the future.

I do not justify crime, but the activity of people surfing the internet until it becomes a necessity is a gap, among which not revoking permission after interacting with certain dex is also a supporter. in the past, crypto coins were not as familiar as they are now, now there are no rekt websites for certain chains, what I have encountered is still around famous coins such as bnb, eth, matic, usdt etc., over time maybe there will be, there is no safe gap in the internet world but by continuing to be vigilant there will be efforts to minimize the crime gap.

[FinneysTrueVision]

Interacting with smart contracts EVM compatible chains seems to be pretty dangerous lately, and revoking permissions after interacting with any contract should be a security standard at the very list.

What I also don't understand is why someone would continue keeping their valuable assets in a hot wallet instead of moving it to a cold wallet if they are not trading it? Creating an address does not cost any penny.

The NFTs were stolen from a trading platform. Even if you no longer want to trade it, once you've approved the contract's permissions, moving it to a cold wallet won't help until you revoke permission. Revoking will cost gas which is expensive and you have to do it for every contract you've interacted with. The high gas fees are not worth it to most people. There is also the fact that the revoke.cash website was compromised by the Ledger Connect Kit library vulnerability.

[Publictalk792]

You are right that security is really important in the Web3 space. Even though blockchain technology has improved  there are still weaknesses that hackers can interfere easily. It is a constant challenge to keep your securities strong and make sure users things are safe.
Platforms and developers need to make security a top priority. They should invest in strong measures to protect users money and things. If a platform can't give good security and don't have ability to fight the hackers so they should close the platform or even must have the reserve funds for users if they affected by hackers.

[btc78]

I wanted to ask what they are stealing an NFT for and I forgot that it has value, pardon me NFT lovers . I’m imagining if it was Bored ape that was stolen too, haha! Anyways, is there a sense in stealing such things if you won’t be selling it? Now that brings me to the question; people know an NFT has been stolen, people know which exactly has been stolen, so, who dares to buy a stolen NFT because there’s no sense in that. Unlike normal crypto tokens/coins, no one can tell your ETH from the other ETH. But this? what would they use it for?

some people might just really be bored and way too talented in terms of hacking they might just really want to own that particular NFT and instead of money, all they have is skills

let’s set a situation wherein the owner of the stolen NFT has not yet notified the community about the stolen good then the one who stole it can still very much sell it maybe for a lower price than the original owner would have wanted to sell it for the internet is still very dangerous and so are the people using it and no one truly knows the intentions and motives that one has for doing a specific thing just like satoshi randomly disappearing after launching bitcoin, no one still knows why he did that and we’re left wondering how did that benefit him in any way

[oktana]

I wanted to ask what they are stealing an NFT for and I forgot that it has value, pardon me NFT lovers . I’m imagining if it was Bored ape that was stolen too, haha! Anyways, is there a sense in stealing such things if you won’t be selling it? Now that brings me to the question; people know an NFT has been stolen, people know which exactly has been stolen, so, who dares to buy a stolen NFT because there’s no sense in that. Unlike normal crypto tokens/coins, no one can tell your ETH from the other ETH. But this? what would they use it for?

some people might just really be bored and way too talented in terms of hacking they might just really want to own that particular NFT and instead of money, all they have is skills

let’s set a situation wherein the owner of the stolen NFT has not yet notified the community about the stolen good then the one who stole it can still very much sell it maybe for a lower price than the original owner would have wanted to sell it for the internet is still very dangerous and so are the people using it and no one truly knows the intentions and motives that one has for doing a specific thing just like satoshi randomly disappearing after launching bitcoin, no one still knows why he did that and we’re left wondering how did that benefit him in any way

We can’t really consider that situation because weren’t not talking of thousand of dollars. We’re talking of millions of dollars worth of NFT (as the OP says). How is it possible that it isn’t know, I mean… even if the owner doesn’t alert any NFT community, people will still likely know once they read the news. Well, be it as it may, I can’t be caught buying NFT (no matter how cheap), no, I don’t THINK so . I still don’t feel the value as it was hyped so, I guess it has affected my perception of NFTs as a whole.