Open Sea has assured that no loopholes are likely to occur in the future, and old lists cannot be brought into use.
Open Sea has made a decision to refund every single investor with the amount of money he lost due to the bug with buying highly-priced NFTs at very low prices. Hackers were somehow able to evade the server and managed to deliver the investors with millions of losses.
There were some investors who supported hackers in buying NFTs at fairly low prices, and each of them investors was tracked and questioned, as per Get India News. The rare NFTs that hackers bought led the company to millions of losses, and the company still decided to somehow return the lost amounts to investors.
End Verdict
Tragedies like this have a few chances to occur, but when they do, they deliver the investors as well as the managing committee with huge losses. However, Open Sea has assured that no loopholes are likely to occur in the future, and old lists cannot be brought into use.
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