Marketplace flaw sees at least $1.1 million of NFTs sold below market price

Published by
Reuters UK

By Elizabeth Howcroft LONDON (Reuters) -A flaw in the largest marketplace for non-fungible tokens (NFTs), OpenSea, allowed buyers to purchase at least $1.1 million worth of NFTs for significantly below market price, blockchain analytics firm Elliptic said on Monday. An NFT is a form of crypto asset which records the ownership status of digital files on blockchain. OpenSea is the largest marketplace for speculators and enthusiasts to trade NFTs, with $4.8 billion worth of sales so far in January. But a flaw in the process allowed users to buy certain NFTs at old listing prices, without the owne…

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