One of the largest non-fungible token hacks in history, Premint NFT is attributing the platform’s involvement in the theft of almost $500,000 worth of blockchain assets on an open source vulnerability. On Sunday, 321 blockchain entries worth roughly $500,000 were stolen from 28 wallets belonging to Premint users by hackers, Premint creator Brenden Mulligan admitted in a live session on Wednesday. Users of the website can sign up to be included to a database of prospective buyers of new NFT projects.
SetApprovalForAll is made to enable users of decentralised finance platforms to instantly consent to the transfer of particular tokens that have been pre-selected by an underlying smart contract at a later time. Threat actors take advantage of the feature to move all of the tokens belonging to other users to their own wallets (see: $8M of Crypto Stolen via Phishing From Uniswap Liquidity Pool).