Stolen BAYC “Sewer Pass # 12097” Sold but Marked as Invalid

03/02/2023 14:07 • Tech Trends • 70 views

According to reports, PeckShield monitoring showed that the stolen BAYC “Sewer Pass # 12097” had been sold on OpenSea at the price of 2.34 ETH, but the NFT was marked after the transaction was completed.

Stolen BAYC “Sewer Pass” # 12097 was sold in OpenSea at 2.34 ETH

Analysis based on this information:

The world of Non-Fungible Tokens (NFTs) is becoming increasingly popular, with digital art pieces worth millions of dollars being sold on marketplaces like OpenSea. However, as with any valuable commodity, NFT theft is becoming a significant concern for enthusiasts and collectors. A recent example of this is the unfortunate theft of a Bored Ape Yacht Club (BAYC) NFT, identified as “Sewer Pass #12097,” which was sold on OpenSea for 2.34 ETH.

According to reports, PeckShield monitoring identified the stolen BAYC being sold on OpenSea at the above mentioned price. However, after the transaction was completed, the NFT was marked as invalid. This leaves the buyer with a moral dilemma. Do they return the stolen NFT, knowing it was acquired through theft, or keep hold of it, hoping to profit from its increase in value in the future?

This situation also highlights the importance of NFT monitoring and networks like PeckShield. With the rise of NFTs as an investment vehicle, there needs to be a reliable means of monitoring and protecting these digital assets. PeckShield’s monitoring would have been useful if the NFT transaction had not gone through, which would have prevents the theft of the asset.

The incident has prompted discussion about the need for secure and reliable mechanisms within the NFT ecosystem to prevent theft and the fraudulent sale of stolen assets. This sense of urgency has never been more important as famous artists and creators continue to introduce their own NFTs in the digital marketplace.

In conclusion, while the stolen BAYC’s Sewer Pass #12097 sale highlights the risks associated with investing in NFTs, it also illuminates the immense potential for security and protection of assets within the NFT ecosystem. Thus, it is crucial that investors and creators prioritize the security of NFTs, and platforms like OpenSea take further cautionary measures to protect its users from fraudulent activities.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/02/stolen-bayc-sewer-pass-12097-sold-but-marked-as-invalid/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Stolen BAYC “Sewer Pass # 12097” Sold but Marked as Invalid

Stolen BAYC “Sewer Pass” # 12097 was sold in OpenSea at 2.34 ETH

Recommended articles