Quixotic NFT Marketplace Built On Optimism Is Attacked

The largest NFT market on the Optimism network, Quixotic, reported that a recent modification to its contract was misused. The hacker was able to take authorized ERC-20 tokens as a result.

Quixotic has suspended all marketplace activity associated with the platform, with the exploited contract permanently paused, even though it appears that NFTs are safe and unaffected by the exploit on the platform.

In addition, the company promised to return all of the taken ERC-20 tokens, assuring consumers that their refunds would be processed immediately within the next few days.

Besides being the largest NFT marketplace on Optimism, Quixotic is also a layer 2 scaling solution for Ethereum. With an average transaction fee of just 0.0005 ETH ($1.50), the platform has already saved users an estimated $2 million in gas fees to date, according to data from DappRadar.

Quixotic – Similar attack recently happened at XCarnival

Earlier this week, XCarnival, an Ethereum liquidity provider and an NFT lending pool, lost approximately $4 million after a hacker exploited a flaw in its smart contract functionality.

The company decided on suspending the smart contract altogether and offered a bounty of 1,500 ETH tokens to the hacker for returning the stolen funds. The platform also assured that they would not pursue any legal action against the hacker.

Interestingly, the hacker actually accepted the bounty and assured that the funds will be returned safely, given the XCarnival CEO signed an official statement stating the same.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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