A new nonfungible token hack detector is in town. A wallet security team released a real-time dashboard that lets community members detect, track and monitor potential NFT hacks using offline signatures in the OpenSea marketplace.
to the team behind crypto wallet ZenGo, they created an NFT hack detector using a simple method. This includes tracking realized NFT trades in the NFT marketplace and comparing the trade amount of the NFT collection’s floor price. If the ratio between the two trade values is suspiciously low, it will get flagged as a potential hack.At the time of writing, the dashboard flagged almost $25 million worth of NFTs hacked through offline signatures.
“Users can use some proprietary browser extensions that give some visibility into some offline signatures, but does not cover all offline signatures and needs to be updated whenever a new form of offline signature is added.”
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