BAYC NFTs worth $2.2 million have been frozen by OpenSea. Some members of the cryptocurrency community believe that freezing NFTs is a breach of decentralization. This month, the Bored Apes NFTs have been embroiled in a number of controversies.
After the owner reported the theft, OpenSea froze $2.2 million in stolen Bored Apes NFTs. 15 apes and mutants have been stolen in total.
OpenSea, an NFT marketplace, has frozen $2.2 million in Bored Ape NFTs after they were reported stolen. The NFTs on the market now include a notice that they have been “reported for suspicious activity.” The buying and sale of such things has been halted.
15 apes and mutants have been stolen in total. Todd Kramer, the owner of the NFTs, described the incident as “arguably the worst night of his life,” but expressed hope that it would be resolved. This is the first time in recent memory that NFTs from a big collection have been taken, raising security concerns.
According to the crypto community, the move to freeze the NFTs calls decentralization into doubt. They contend that the handling is “anti-crypto,” according to some, and that OpenSea’s security was inadequate.
OpenSea is the market’s most prominent NFT platform, with hundreds of thousands of users and significant trading volume. When these NFTs are taken, it raises questions regarding the safety of other NFTs on the platform. There has been little evidence on how the NFTs were taken, and there has been no official update from the site.