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JAKARTA The popular NFT trading platform OpenSea is reported to have blacklisted a number of well-known digital arts. Therefore, the famous NFT that has been included in the blacklist will not be traded on the platform.

According to an on-chain data tracker report, some ID tokens and transactions of top NFT collections such as the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), ClononeX, Azuki, Moonbirds, and Bored Ape Kennel Club (BAKC) were marked as stolen or suspicious assets by OpenSea.

Based on the data provided, the total number of NFTs blacklisted by the market reached 24,000 ETH (worth 27 million US dollars). This figure is in accordance with the basic prices of each NFT collection mentioned above.

OpenSea blacklisted assets on its website and prevented certain NFTs from trading after someone reported their NFTs were stolen. However, there are some complaints stating that the platform arbitrarily marks NFTs without proper investigation, meaning that anyone can easily report their NFTs as stolen digital assets.

One of the issues raised was that OpenSea marked items as suspicious or stealing long after the alleged theft occurred, which was unfair to buyers.

Earlier in July, a Twitter user asked for an explanation after the market marked their assets as suspicious, 88 days after the purchase. Several other buyers are in the same situation, stating that they have tried to prevent their belongings from being flagged.

In addition, the whistleblower has asked the market giant to be transparent in the process used to mark NFT as stolen.

While other NFT platforms like x2y2 follow the OpenSea NFT blacklist, the same cannot be said for LooksRare. The items marked by OpenSea as stolen goods can often be sold on LooksRare, as happened on several occasions.

OpenSea has also seen some security breaches in recent times. As reported by CryptoPotato in June, the platform warned users of possible email phishing attempts following data breaches.

If you've shared your email with OpenSea in the past, you should assume that you're affected. We're working with Customer.io on their ongoing investigation, and we've reported this incident to law enforcement. Please remain vigilant about your email practices, and be aware of any attempts to emulate OpenSea via email," reads a statement from OpenSea, quoted from Cryptopotato.


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