OpenSea Hack

TOTAL LOST $1.7M
Medium Access Control

Summarize with AI

Affected Chain 2022 Incident surface
Recovered - No recovery reported
All-Time Rank #684 By amount stolen
Protocol Type Dexs Target category

Incident Overview

The malicious actor sent emails to OpenSea users, which contained information about fake migration to the new contract. In total, 17 users became victims of email fishing.

The malicious actor's address:

https://etherscan.io/address/0x3E0DeFb8…7A8A74

Stolen NFTs list:

https://docs.google.com/spreadsheets/d/1XQNIXuAl2E1XO_cP8pm_vbzskI_Pka4E5sizfcrLITM/edit#gid=0

Stolen NFTs were sold out on LooksRare marketplace, the example transactions:

https://etherscan.io/tx/0xd910c67a…989221

https://etherscan.io/tx/0x9a9bb48a…71e8ee

https://etherscan.io/tx/0x70c8622c…e360f9

Stolen funds were deposited into the Tornado Cash mixer:

https://bloxy.info/txs/transfers_from/0x3e0defb8…7a8a74?currency_id=1

Incident Report

Protocol / Project OpenSea
Date of Incident
Attack Technique Access Control
Classification NFT

Protocol Information

Protocol Type Dexs
Official Website opensea.io/
Protocol Twitter/X @opensea
Team Anonymous
Source Code Unverified

Market Context at Time of Hack

Token Categories
AI & Big Data Ethereum Ecosystem Base Ecosystem AI Agents x402 Ecosystem

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Operational-security tradecraft (phishing, malware, leaked seed phrases, or insider access) to obtain treasury signing authority
Capital Required Minimal capital - only enough to cover gas while draining the compromised accounts
On-Chain Access Valid signing authority over the compromised wallets / multisig signers, allowing direct transfer of funds or stake authorization
Target Reconnaissance Identification of OpenSea's high-value treasury accounts and the authority / multisig structure controlling them
Execution Speed Speed to drain the compromised accounts before the team detects the breach and revokes signing authority or freezes the assets
Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Could this have been caught in audit? Likely — with a thorough Access Control audit checklist and test coverage

If you're auditing a protocol with similar architecture to OpenSea, these are the critical security checks that could have prevented this incident (February 2022).

  • Verify all logic paths related to Access Control are guarded by proper access controls and input validation - see the Access Control Attacks attack class for patterns
  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.

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Related Attack Classes

The technique used in this hack maps to these vulnerability classes in our security curriculum:

See all Access Control Attacks examples →

Sources & References

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