Due to many hackers stealing NFTs from different DEXs, especially OpenSea, the mighty NFT marketplace has announced that it will now aggressively crack down on NFT theft in its updated NFT theft policy.<\/p>\n

OpenSea<\/strong> has taken this measure to improve the possible support response to customers if their NFTs get stolen. Additionally, OpenSea must ensure that it does not unknowingly aid criminals.\u00a0<\/p>\n

If your digital asset is stolen, report it immediately to OpenSea, and they will freeze it on the spot. The NFT will be frozen until the support team receives a police report regarding the offending NFT. If OpenSea doesn\u2019t receive a report within seven days, the token will be released from its captivity.\u00a0<\/p>\n

Read The Full Conversation On Twitter:<\/strong><\/h2>\n
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1\/ Can we address the \ud83d\udc18 in the room? We want to provide you more clarity and transparency around our stolen items policy \u21af<\/p>\n
\u2014 OpenSea (@opensea) August 10, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n
\u201cFor all reports going forward, if we don\u2019t receive a police report within seven days, we\u2019ll re-enable buying & selling for the reported item. This change will help prevent false reports. We think this is a good 1st step & we\u2019re grateful for the community\u2019s suggestions,\u201d<\/em> OpenSea tweeted.\u00a0<\/p>\n
\u201c2nd, we\u2019re making it easier for users who reported an item stolen to re-enable buying and selling when they recover the item OR determine they should withdraw their stolen item report. For example, we\u2019re finalizing details on a simplified process that doesn\u2019t require a notary,\u201d <\/em>OpenSea added.\u00a0<\/p>\n
Read OpenSea\u2019s Stolen Item Policy In Detail<\/strong><\/p>\n
OpenSea will ensure that once the stolen NFTs are cleared and returned to their rightful owners, they can easily trade them on the marketplace. The marketplace took these measures immediately while they are also working and exploring more efficient automated solutions.\u00a0<\/p>\n
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