Sunday, June 26, 2022
Arover
  • Home
  • Cryptocurrency
  • Economy
  • Technology
No Result
View All Result
  • Home
  • Cryptocurrency
  • Economy
  • Technology
No Result
View All Result
Arover
No Result
View All Result
Home Cryptocurrency

A Bug in OpenSea Destroyed 42 NFTs Worth $100,000

Zachary Pearce by Zachary Pearce
September 8, 2021
in Cryptocurrency
0
Paribu
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

A bug in the popular NFT marketplace OpenSea caused at least 42 NFTs to be sent to a burn address. This means they can no longer be moved and are effectively destroyed.

Contact us to be instantly informed about the last minute developments. Twitter and Telegram You can follow our channel.

The issue was first brought up by Nick Johnson, the lead developer of the Ethereum Name Service (ENS), noting that when Nick Johnson relayed an ENS name that came in NFT format, it went to a burning address. This means that it is sent to an address that no one has checked and can never be moved again.

ENS is a service that allows you to associate blockchain addresses with domain names. It is designed to make it easier to send transactions to human-readable names instead of complex blockchain addresses.

Regarding the burned ENS name, Johnson noted that it was the first ENS name ever recorded. The name was rilxxlir.eth, which is a palindrome. Johnson transferred the ENS name to his own account by entering OpenSea. Thus, he accidentally sent it to the burning address. Johnson used the following statements in his tweet:

“A frantic call to OpenSea turned out to be the first and apparently only victim of a bug that has appeared on their transfer page in the last 24 hours, affecting all ERC721 transfers to ENS names. The ownership of rilxxlir.eth is now permanently burned.”

Since Johnson remains the controller of the ENS name, he can still change it in terms of the blockchain addresses to which the ENS name is linked. It just can’t bear the name itself.

Johnson then took information from other similarly affected people and compiled a list of 32 transactions that included 42 NFTs. The majority of NFTs were of the ERC-721 standard, but a few were using ERC-1155. He checked the base prices (the lowest in the market) for each of the NFTs and calculated the total at $100,000.

Johnson claimed that OpenSea has now fixed the bug.


Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.

Tags: BugDestroyedNFTsOpenSeaWorth
Previous Post

Bitmain expands its investments in North America: 56,000 device deals!

Next Post

The number of Bitcoins held by Bitfarms is 2028!

Zachary Pearce

Zachary Pearce

Related Posts

Magimix Cook Expert food processors: which one to choose?
Cryptocurrency

Magimix Cook Expert food processors: which one to choose?

by Zachary Pearce
June 26, 2022
Paribu
Cryptocurrency

Popular Chocolate Brand Mars Inc. Files NFT and Metaverse Trademark Application for M&Ms

by Zachary Pearce
June 26, 2022
Registry of cryptocurrency operators: who is obliged to register?
Cryptocurrency

Registry of cryptocurrency operators: who is obliged to register?

by Zachary Pearce
June 26, 2022
Cryptocurrency

Good deal – The HP Pavilion Aero 13 (Ryzen 5 5600U) 16 GB / 512 GB laptop at € 699.00 (-24%)

by Zachary Pearce
June 26, 2022
Indonesia to Host Coinfest Asia, First and Largest Cryptocurrency Festival in Asia
Cryptocurrency

Indonesia to Host Coinfest Asia, First and Largest Cryptocurrency Festival in Asia

by Zachary Pearce
June 26, 2022
Next Post
bitcoin

The number of Bitcoins held by Bitfarms is 2028!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Cryptocurrency
  • Economy
  • Technology

Browse by Tags

Amazon Analysis Announces Billion Binance Bitcoin black BTC Buy Cdiscount CEO connected Crypto Cryptocurrencies cryptocurrency deal digital economy electric ETH Ethereum finance Friday Galaxy Global warming Good launches Market Metaverse Million NFT plan Price Pro review sale sales Samsung smartphone Space Star stars tech telecoms Test
Arover

Latest News About Crypto Money News , Bitcoin News , Altcoin News And Price Analysis cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance price updates.
Contact Us : [email protected]

Categories

  • Cryptocurrency
  • Economy
  • Technology

Browse by Tag

Amazon Analysis Announces Billion Binance Bitcoin black BTC Buy Cdiscount CEO connected Crypto Cryptocurrencies cryptocurrency deal digital economy electric ETH Ethereum finance Friday Galaxy Global warming Good launches Market Metaverse Million NFT plan Price Pro review sale sales Samsung smartphone Space Star stars tech telecoms Test

Recent Posts

  • Magimix Cook Expert food processors: which one to choose?
  • Popular Chocolate Brand Mars Inc. Files NFT and Metaverse Trademark Application for M&Ms
  • Registry of cryptocurrency operators: who is obliged to register?

© Arover 2021. All Rights Reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Economy
  • Technology

© Arover 2021. All Rights Reserved.