Finance

Hackers return NFTs stolen from Treasure marketplace

03/03/2022
Bitcoin Ethereum News

TL;DR Breakdown:

  • The NFTs stolen from Treasure marketplace have been returned by the hackers. 
  • Hackers stole Smol Brains, Legions, and several other NFTs of different collections.
  • Treasure DAO is working on a remediation plan for anyone who doesn’t receive their assets back. 

Early Thursday, the largest non-fungible token marketplace on Arbitrum blockchain was exploited, resulting in the loss of users’ NFTs. However, recent transaction records on the blockchain indicate that the hackers have returned almost all the stolen NFTs, spurring hopes that users could receive their assets back. 

What happened to Treasure marketplace

According to reports, hackers exploited a bug on Treasure protocol in a series of transactions that allowed them to purchase NFTs from the marketplace at zero cost. Blockchain security analytics firm PeckShield explained that more than 100 NFTs of different collections, including the popular “Smol Brains and Legions,” were stolen as a result. 

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Treasure confirmed the attack and instructed users to delist their NFTs from the marketplace while they investigated the source of the attack. “Please delist your items. We will cover the costs of the exploit — I will personally give up all of my Smols to repair this,” said the co-founder of Treasure DAO John Patten.