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OpenSea delisting bug affect Azuki NFTs

Another OpenSea bug has struck. Azukis, a once-blue chip NFT collection, is having a less-than-ideal week. Holders of Azuki NFTs were awoken by an email supposedly from OpenSea informing them that numerous Azuki NFTs were being delisted on September30. The once-royal collection has fallen from grace, but it still has great regard, with a stable floor price of roughly 10 ETH.

While the project appeared to be re-listed all day on September 30, the error reflects yet another instance of ‘unintentional unlisting’ of a big project on OpenSea. 

 

 Speculation abounded in the NFT community, with some believing it may have a significant impact on the collection rather than being an error on the side of OpenSea. The official Azuki Twitter account and product manager Demna, on the other hand, were eager to maintain an open line of communication with the community.

Demna issued a statement describing the problem as a “technical fault” on the OpenSea and NFT marketplaces. Azukis was sacked after saying that “there was a mistake in our trust and security flagging system,” but his team responded rapidly to rectify the situation.

Azuki, an Ethereum (ETH)-based NFT collection, encountered some difficulties as a result of an unintentional delisting on OpenSea.

This isn’t the first time this has happened with a blue chip collection on OpenSea, as the Azuki Twitter account mentioned. Back in June, the Bored Ape Yacht Club encountered a similar quandary, with OpenSea temporarily delisting some of the BAYC collection. Overall, this isn’t a novel or particularly easy-to-understand issue, but the consequences can be significant.

Earlier bug case of OpenSea

Due to a weakness in the non-fungible tokens (NFT) marketplace OpenSea, at least three attackers were able to gain significant discounts on various NFTs and benefit greatly. The issue, detected as early as December 31, 2021, allowed attackers to purchase NFTs at older, lower values and resell them for a large profit.

Seven NFTs were purchased for a total of $133,000 before being rapidly sold for $934,000 in ether. This ether was transmitted five hours later using Tornado Cash, a’mixing’ service used to prevent blockchain tracing of money.

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