Nifty Gateway users report NFT theft; marketplace denies attack

Users of the Nifty Gateway marketplace reported NFT theft. Company representatives confirmed that some accounts were compromised.

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Our analysis is ongoing, but our initial assessment indicates that the impact was limited, none of the impacted accounts had 2FA enabled, and access was obtained via valid account credentials.

— Nifty Gateway (@niftygateway) March 15, 2021

The marketplace noted that affected users had not enabled two-factor authentication (2FA) and urged everyone to enable it.

“We have not observed signs of a platform compromise. Our team is in touch with a small number of affected users. We continue to analyse what happened,” said Nifty Gateway.

One user, сообщивший about the $10,000 NFT theft, closed his Twitter account.

Another affected user рассказал that hackers hijacked assets worth $150,000 and used the account-linked credit card to purchase $20,000 worth of tokens.

Later, he said that Nifty Gateway resolved the issue and returned all stolen assets. He also confirmed that he had not enabled 2FA in his account settings.

I’ve learned that you obviously need 2FA on every account. This seems obvious, but I was lazy in one moment and got punished for it. I’m so thankful and pleased to say that @niftygateway was able to resolve this issue and completely restored 100% of the stolen art! 👏 😄 🥲

— Keyboard Monkey (@KeyboardMonkey3) March 16, 2021

Earlier, former DC Comics artist Jose Delbo earned $1.85m from selling an NFT featuring Wonder Woman. The publisher urged to stop selling non-fungible tokens due to IP infringement.

In March, an NFT copy of Banksy's burned painting titled “Morons” went to auction for 228.69 ETH. Christie’s sold Beeple’s Everydays: The First 5000 Days for a record $69.3m.

What is an NFT?

Earlier, the Tesla chief Elon Musk released a techno track about NFTs and said he had put it up for sale. Following the tweet about the news, Valuables saw bids surpassing $1.1m.

A few days ago, billionaire Mark Cuban put up for sale one of his motivational quotes in NFT form.

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