The increasing popularity of NFTs (non-fungible tokens) also comes with adverse effects as things stand. For instance, cybercriminals in the crypto space will do anything to exploit the latest cash cow. Moreover, since these NFTs platforms are also on the internet, developers and users should be meticulous to avoid compromise. Hackers are even more interested in discovering loopholes in these marketplaces to amass huge gains.
- A flaw in the Rarible marketplace could have exposed more than 2.1 million users to hackers.
- The attackers could have stolen many assets belonging to the marketplace users through the vulnerability.
- Users could’ve lost control of their wallets by clicking on a malicious NFT and signing away power to an attacker.