OpenSea’s woes expose gaps in NFT platform security

The inherent nature of blockchain technology makes it difficult to mitigate security risks, and current regulation offers investors little protection, experts say.
A Bored Ape Yacht Club NFT
A Bored Ape Yacht Club NFT

The meteoric rise of digital securities shows no sign of abating. By some estimates, the money spent on non-fungible token (NFTs) last year equated to the amount pledged by countries at COP26 to phase out coal, or the funding earmarked by the World Bank to deploy Covid-19 vaccines.

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