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OpenSea Announces Third-Party Security Breach: User API Keys at Risk

While the immediate impact on user interactions with the platform is expected to be minimal, OpenSea has cautioned users about potential threats to their allocated rate and usage limits. 

NFT Marketplace Giant OpenSea Faces Security Breach

OpenSea has recently raised concerns among its users in an email with notifications of a security breach originating from a third-party vendor. This breach has potentially exposed sensitive user API keys, prompting the NFT giant to take immediate action.

The exact scope of this security breach, particularly the number of affected users, remains undisclosed at this stage. While it is confirmed that user API keys were compromised, the full extent of potentially at-risk user data remains a mystery. 

However, OpenSea, in its notifications to users, stressed the urgency of the situation. As per the NFT platform, it is unlikely that the breach will impact users' interactions with the platform immediately, but it may threaten their allocated rate and usage limits.

OpenSea clarified that "the newly generated API keys will have the same permissions and rate limits as the expiring keys." Therefore, users are advised to immediately deprecate their current API keys and replace them with new ones. OpenSea has reportedly notified users that their existing keys will expire on Monday, October 2.

As of Aug.4, 2023, by trading volume, OpenSea was ranked as the second-largest NFT marketplace platform. It follows closely behind Blur, which commands a trading volume of 63%.

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