Can OpenSea protect NFT owners? — Anyone could become an indirect victim of a malicious NFT hack

The non-fungible token (NFT) market has been booming since the summer of 2021. As NFT prices sky-rocketing, the number of hacks targeting NFTs is also increasing.

In the 2022 Crypto Crime Report published by Chainalysis, it is highlighted that the value sent to NFT marketplaces by illicit addresses jumped significantly in 2021, topping out at just under $1.4 million. There is also a clear increase in stolen funds sent to NFT marketplaces .