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OpenSea is trying to save people's NFTs but pesky frontrunners are poaching them
NFT marketplace OpenSea is trying to fix an issue that has led to the loss of multiple expensive NFTs, at rock bottom prices. Only one of its attempts to solve the problem has somehow made things worse. The issue in question is that some NFTs are getting sold at old offer prices that were made when the NFTs were much less valuable. A typical example is that someone offered a Bored Ape for only a few thousand dollars, but instead of cancelling the offer, they move it to a different wallet. This appears to cancel it on the OpenSea website. However, if they move the NFT back to that wallet, users are often unaware that ... (full story)
