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A glitch in OpenSea code allows bots to accept WETH offers locked by OS

12d ago
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A glitch in OpenSea code

SNEAK PEEK

  • OpenSea code glitch seems to be allowing bots to take dormant WETH offers.
  • The inactive WETH offers are already locked by the OS and they aren’t meant for use.
  • NFTs are bought on Looksrare and a dormant OS WETH is accepted in the same tx block.

OpenSea has encountered a serious glitch with its code that is allowing bots to accept WETH offers, which are dormant, of NFTs that are already locked by OS and isn’t meant for use by purchase.

On Friday, some of the Otherdeeds were firesold, following which the giant marketplace Opensea locked them on Saturday under its new yellow ‘under review’ flag. 

Apparently, when an NFT is bought on Looksrare, the OS WETH, which is already dormant, is accepted in the same TX block. These WETH offers are unacceptable because these NFTs have been already flagged.

For example, one deed 57737 was purchased for 1.29 on the Looksrare marketplace and sold (same TX) to some dormant WETH on Opensea, for 1.50, irrespective of the NFT being locked by OpenSea well before time. 

On Sunday, OpenSea encountered one more similar occurrence, just a day after OpenSea locked down the NFT. This particular NFT was bought on Looksrare for 2.05 and it was further sold to a dormant WETH for 2.25 on a locked OS NFT.


This doesn’t end here with the two examples above. There are plenty of such instances seen this weekend just in Otherdeeds. As a possible consequence, innocent users may have lost a lot due to @opensea_support allowing deeds that are already locked to be sold on their platform to customers.

The post A glitch in OpenSea code allows bots to accept WETH offers locked by OS appeared first on Today NFT News.

12d ago
bullish:

0

bearish:

0

LooksRareLooksRare
1.12%
$0.132706
Bot OceanBot Ocean
9.94%
$0.217428
EthereansEthereans
-1.28%
$4.58
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