OpenSea introduces safeguards against NFT theft

After hacker attacks are currently a big issue in the NFT industry, the leading NFT marketplace OpenSea has now decided to introduce new measures in relation to stolen items.

As can be seen from a corresponding announcement, the platform is increasingly adapting its approach to the circumstances of the industry, because up to now users who have unknowingly resold stolen items have often been punished. For this reason, among others, the NFT marketplace wants to enable better integration of police reports and criminal charges with immediate effect.

So far, police reports have mostly only been used in the context of disputes, but with the new update these should in future be used as a comparison for every report about a stolen item. If there is no police report within seven days, the marketplace will release the item reported as stolen in order to be able to prevent deliberate false reports.

At the same time, OpenSea also wants to work on eliminating NFT thefts as a matter of principle. Among other things, automatic detection mechanisms are to be developed for this purpose, which could detect such thefts.

One Twitter user hailed the platform's efforts as a good first step that others should follow. However, there is also clear criticism of the plans:

Another user accuses OpenSea of downright hypocrisy in this context, because when he himself reported the unknowing sale of a stolen item, support only recommended him to resell the NFT to another platform.

In June, the leading NFT marketplace introduced additional security features to better protect its own users from fraud. Reported NFT auctions are automatically filtered out in the search so that only legitimate items are available for sale.

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