Hacker Steals 100 NFTs from NBA's Collection a Day After Release: A Crypto Nightmare

The digital world was rocked yesterday as news broke of a significant hack targeting NBA NFTs, just a day after their highly anticipated launch. Details are still emerging, but the impact is already being felt across the NFT community.

100 NBA NFT Basketball Cards Stolen In Hack On Launch Day. The scale of the theft is alarming, raising serious questions about the security of NFT platforms and smart contracts.

Reports indicate that the vulnerability lies within the NBA NFT smart contract itself. According to sources, Hackers stole 100 NBA NFTs on the Ethereum blockchain due to an NBA NFT smart contract vulnerability. The smart contract did not have a nonce ensuring it can be exploited to authorize unauthorized transfers.

The fallout has been swift. Marketplaces are scrambling to address the situation and reassure users. OpenSea, the eBay of the blockchain, announced on Saturday night that it was investigating a scam targeting users of its non-fungible tokens (NFTs) platform. The firm is working to identify the stolen NFTs and prevent their further sale or transfer.

This incident serves as a stark reminder of the risks associated with investing in NFTs and the importance of robust security measures. While the long-term implications of this hack are still unknown, it's clear that the NFT ecosystem needs to prioritize security to maintain trust and ensure the continued growth of this burgeoning market.

Stay tuned for updates as this story develops. We will continue to provide comprehensive coverage of this NBA NFT hack and its impact on the wider crypto world.