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OpenSea Now Auto-Detects and Blocks Stolen NFTs, Disables Scam Links

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In brief OpenSea, the top NFT marketplace by trading volume, has launched new theft detection and prevention features. One feature detects and disables scam links shared on the platform, while the other identifies stolen NFTs and blocks their resale. Theft has become a major issue in the NFT space, especially with so-called “wallet drainer” exploits ripping millions of dollars’ worth of assets from unsuspecting collectors—and there’s no way to reverse those transactions on the blockchain. When stolen assets are then resold to unsuspecting buyers, that only complicates matters f ...

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