$27M Worth of NFTs Blacklisted by OpenSea!
7/7/2022, 11:05 PM
OpenSea, a major NFT marketplace, has come under fire for allegedly blacklisteding several top NFT collections without due diligence.
According to reports, the total value of the NFTs blacklisted by OpenSea exceeds $27 million, that are 24.000 ETH. There have been numerous complaints from users stating that the platform arbitrarily marks NFTs as stolen or suspicious without proper investigation.
In addition, some buyers have complained that their items were flagged long after they had purchased them. LooksRare, another NFT marketplace, has been selling items that have been blacklisted by OpenSea. Many security concerns have also been raised about the platform in recent times. The NFT collections involved include: Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), CloneX, Azuki, Moonbirds, and Bored Ape Kennel Clun (BAKC). They were reported as stoolen and theirfor blocked from trading.
According to reports, the total value of the NFTs blacklisted by OpenSea exceeds $27 million, that are 24.000 ETH. There have been numerous complaints from users stating that the platform arbitrarily marks NFTs as stolen or suspicious without proper investigation.
In addition, some buyers have complained that their items were flagged long after they had purchased them. LooksRare, another NFT marketplace, has been selling items that have been blacklisted by OpenSea. Many security concerns have also been raised about the platform in recent times. The NFT collections involved include: Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), CloneX, Azuki, Moonbirds, and Bored Ape Kennel Clun (BAKC). They were reported as stoolen and theirfor blocked from trading.