OpenSea introduces new policy to prevent NFT theft and fraud on its platform.
El asset theft it is still one of the main problems of the NFT industry. There are many well-known cases, such as that of the Bored Apes stolen from Todd Kramer, owner of one of the world's leading art galleries, or the theft, through a phishing scheme, of more than 20 Moonbirds.
One of the platforms most affected by this type of action is OpenSea, since it is the main NFT market, where most of the most valuable collections pass through. It is for this reason that the company has updated its policies, including a series of Actions to be taken on stolen items.
OpenSea has always had such policies in place, as it adheres to the legality of the United States, where The sale of knowingly stolen items is prohibitedHowever, some users were unwittingly purchasing stolen items and were penalized even though they were not guilty, so the platform has decided to make some adjustments to these policies.
In the past, the platform used police reports in disputes of this type. With the new update, they will be used to Confirm all reports of stolen items within the NFT platform.
In the event that there is no police report within seven days, the platform will allow the reported item to be bought and sold again to avoid the proliferation of false accusations. As a result, the company has also made efforts to facilitate the process of enabling the buying and selling functions, once the stolen items have been recovered.
OpenSea has explained that it continues to work on finding other solutions to tackle the problem of NFT theft at its root, for example, by creating Threat and theft detection automation systems.
On this topic, a Twitter user claims that he contacted OpenSea's support team about purchasing a stolen NFT and that they recommended that he simply, sell the stolen NFT on another market.
OpenSea against phishing and scams
A few months ago, OpenSea launched a feature to protect its users from phishing scams, Automatically hiding suspicious transactions, thereby adding a new layer of security and trust. These types of automated technologies will also be implemented in the future to control any type of problem related to copyright theft, as well as to block fraudulent ads and advertising.
The marketplace also announced the creation of a special support team to manage the review and moderation of reports of theft and attempted fraud.
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