The meteoric rise of digital securities exhibits no signal of abating. By some estimates, the cash spent on non-fungible token NFTs final yr equated to the quantity pledged by nations at COP26 to section out coal, or the funding earmarked by the World Financial institution to deploy Covid-19 vaccines.
However current incidents of theft and fraud on OpenSea, the largest NFT market by valuation, have highlighted gaps in safety, and underscored how sluggish regulatory progress is struggling to maintain up tempo with the event of the trade.
The current OpenSea hack is an instance of a phishing assault, a phenomenon that has…
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