Veve NFT Marketplace has announced that they are down due to an attack. They have confirmed that the attack focused on their Gems. Twitter users had also been complaining of a too sharp decline in the value of their Gems all week long.
Veve NFT Marketplace Suffers an Exploit.Veve NFT Marketplace, a partner to many large companies like Marvel and Disney, has announced a temporary closure of their operations. The marketplace has been under pressure from social media for the sharp decline of the value of their Gems all week long. They have confirmed that someone had manipulated their systems and was making illegitimate trades of the Gems. Veve NFT Marketplace uses an in-app token, Gems, to trade collectibles. Unlike OpenSea, which uses ETH, Veve requires all traders to use the Gems as the basic trading units. Today, they admitted that they were alerted by some social media users that their Gems may be compromised. The team investigated the matter and stated through Twitter. Their statement read:
“As a result of this exploit, we have closed the Market, Gem purchases, and transfers while we investigate. We will update you on the expected timing of Market opening as soon as we can.”They also confirmed that they had already restricted the accounts of some of their users pending investigations. The users whose accounts are touched by the freeze will also be contacted.
“Some users have had their accounts restricted while we investigate. We will be getting in touch with those users directly.”