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Home»NFT»Optimism-based NFT Marketplace Quixotic Suffers Exploit
NFT

Optimism-based NFT Marketplace Quixotic Suffers Exploit

2022-07-01Updated:2022-07-03No Comments2 Mins Read
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cryptoknowmics.com

01 July 2022 11:09, UTC

Studying time: ~2 m


Quixotic, the biggest NFT market on Optimism community shared {that a} current replace to its contract was exploited. This enabled the hacker to steal authorised ERC-20 tokens. Whereas the NFTs look like secure on the platform and never affected by the exploit, Quixotic has paused all {the marketplace} actions associated to the platform with the exploited contract completely paused. Moreover, the platform has vowed to refund all of the stolen ERC-20 tokens and guaranteed that customers will routinely obtain their refunds over the approaching days. https://twitter.com/quixotic_io/standing/1542790067130978307 In addition to being the biggest NFT market on Optimism, Quixotic can also be a layer 2 scaling resolution for Ethereum. With a median transaction charge of simply 0.0005 ETH ($1.50), the platform has already saved customers an estimated $2 million in fuel charges so far, in keeping with knowledge from DappRadar.

XCarnival Lately Suffered Comparable Assault

Earlier this week, XCarnival, an Ethereum liquidity supplier and an NFT lending pool, misplaced roughly $4 million after a hacker exploited a flaw in its good contract performance. The corporate selected suspending the good contract altogether and provided a bounty of 1,500 ETH tokens to the hacker for returning the stolen funds. The platform additionally assured that they might not pursue any authorized motion towards the hacker. Apparently, the hacker truly accepted the bounty and guaranteed that the funds might be returned safely, given the XCarnival CEO signed an official assertion stating the identical.




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See also  NBA partners Chinese fintech giant Ant Group to launch NFTs in China
Exploit marketplace NFT Optimismbased Quixotic Suffers
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