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OpenSea Reimburses Users $1.8 Million After NFT Listings Error

  • Some items sold at discounts due to confusing feature
  • One user said he bought a new NFT with the reimbursement

Non-fungible token marketplace OpenSea has reimbursed about $1.8 million to users who suffered losses after confusion about a feature on the platform caused them to unwittingly sell valuable NFTs far below market prices.

OpenSea, which is one of the largest platforms for digital assets, refunded a total of 750 Ether for 130 wallet items, according to data it provided Thursday. The move comes after criticism this week that it has failed to properly address a user interface feature that allowed savvy opportunists to buy more than $1 million worth of NFTs on discount.