OpenSea freezes $2.2M of stolen Bored Apes

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The NFT marketplace OpenSea has frozen 16 non-fungible Bored Ape and Mutant Ape (NFT) tokens after they were stolen from an art gallery operator in New York yesterday.

In total, the stolen Klonks, the seven mutant yacht club and the eight boring yacht club for monkeys are currently valued at around 615 ETH ($ 2.28 million) and can no longer be traded on OpenSea.

The Toddkramer.eth account, linked to the Ross + Kramer Art Gallery in New York, has launched a series of tweets describing the 16 NFTs stolen from the hot wallet, and contacting OpenSea and the NFT community for assistance. While the NFT community was unsympathetic to the seller’s situation, OpenSea suspended trading in stolen items.

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Monkey 2771
ape 6416
ape 1623
Monkey 1708
ape 8214
ape 7528
ape .9988
9410

Mutant 25057
mutant 11177
mutant 28752
mutant 24718
mutant 2436
mutant 9278
Durability 2434

Clonex 6801

– toddkramer.eth (@ toddkramer1) December 30, 2021
The freezing of purchases and sales of NFTs has led some traders to condemn the lack of decentralization, which is one of the valued aspects of the cryptocurrency industry. A Twitter commentator kw.sol said: «Who could freeze n? I feel that very anti-crypto requirements require third parties to do this, and ideally they should not be able to do this. ”

Renowned software engineer Grady Bush talked about the lack of decentralization in this case when he commented:

‘That upsets me. Here I thought that the code is the law and that one of the ideas of cryptocurrencies is to exclude any possibility of centralized intervention.
A hot wallet is a type of software-based cryptocurrency wallet that connects to the Internet (usually MetaMask) when the device on which it is installed is connected.

Kramer tweeted that he lost his group due to a phishing scam that gained access to his hot wallet after he clicked on a malicious link. The tweet was removed after being heavily criticized in the comments section. Kramer recently tweeted on December 31 that he was surprised by the reaction:

Twitter ruuuuuuuuuuss

– toddkramer.eth (@ toddkramer1) December 30, 2021
Although Cramer has little means of recovering stolen NFTs, his experience highlights the importance of proper operational security (opsec) for a cryptocurrency trader or NFT crane. He said he learned a lesson about OPEC’s attitude to the valuable cryptocurrency when he tweeted yesterday:

“Experiences. Use a solid portfolio …”
A hard wallet, also known as a cold wallet, is a crypto wallet that does not go online until it is manually connected to a computer, after which each transaction must be confirmed with physical buttons. Hard wallets are a better measure of cryptocurrency protection than hot wallets.

The Kramer test is not a unique experience for NFT traders, especially those familiar with the Bored Ape Yacht Club.

On December 26, NFT collector bergpay.eth said he suffered the same fate as Cramer when 5 Jungle Freaks and 2 NFT sandboxes were stolen from his Ethereum wallet and his ENS domain was moved to a new address.

On November 30, the friesframe Twitter account talked about the frustration that an NFT owner can get if they find out that their favorite items have been stolen from the hot wallet.

Source: CoinTelegraph

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