The cases of OpenSea glitches are on the rise. The latest victim is a BAYC owner called blucepheus. Without even placing a bid, their offer of 38 ETH on an M2 serum was accepted on OpenSea. At the time, the floor was at 30 ETH. Even worse, moments later, the NFT was sold for 20.2 ETH. Unfortunately, due to the OpenSea glitch, the user lost 18.81 ETH or about $60,600 USD.
OpenSea Glitch: What happened?
According to blucepheus, the incident most likely happened because they had once bid that amount when the NFT’s floor was higher. In addition, they had previously listed an NFT for sale for that amount.
“Probably the result of a *very* stale WETH offer I made in the past (wasn’t accepted, but lingered?),” they wrote. “And a *very* stale ETH sale price (I had one listed in the past at this price.”
They added, “All very non-transparent to the user. This is incredibly dangerous @opensea.”
Blucepheus, unfortunately, is not the only victim of OpenSea glitches. Early this month, Carson Turner, another BAYC owner, lost his BAYC and MAYC NFTs while transferring his assets from one wallet to the other. Usually, when users transfer assets listed for sale to another wallet, the assets, while still accessible to buyers, appear as unavailable for purchase. However, due to the OpenSea glitch, his Bored Ape #2643 ended up being sold on the site. He even spent another 10 ETH to get it back.
Similarly, another user, Queenkayx lost an NFT after someone purchased it for 1.69 ETH from an old listing they couldn’t see. They had to pay 1.85 ETH to get it back.
Amid the rising number of issues with OpenSea, many users are now considering moving to LooksRare. LooksRare is a new NFT marketplace that recently even surpassed OpenSea’s trading volume.