OpenSea has backflipped on a recent policy change to limit minting after creators lashed the NFT marketplace saying their NFT projects could now never be completed.
, warned his 75,000+ followers, that following the advice in OpenSea’s email would lead to easier execution of the exploit, labeling the advice from OpenSea “incredibly irresponsible” and “makes things 100x worse”.
Dingalingts argues that following OpenSea’s advice allows exploiters to view the cancellation order for previously listed prices on the blockchain, attackers can then pay higher gas fees to have their order executed before the cancellation in a practice known as “front-running”, thus buying the NFT for a cheaper price.
To prevent this, dingalingts advises to “transfer all the NFTs with"inactive Opensea listings" OUT of your address first before canceling the live listings in your original address.”However OpenSea claims to havethese issues by changing the default listing duration from six months to one month, building a dashboard to show users their listings, and alerting them when an NFT transferred from their wallet has an associated active listing.
The changes were made so users could more easily view and be alerted to listings associated with their NFTs, in an attempt to limit the number of listings that remain active long after they’re relevant.
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