Optimism Ecosystem’s NFT Venue “Quixotic” Exploited
Quixotic, considered to be the biggest non-fungible token (NFT) venue existing in the L2-based solution Optimism ecosystem on the Ethereum network, got exploited – as disclosed on the behalf of the platform on 1st July on the official Twitter account thereof.
It added that the exploit took place on the marketplace contract of Quixotic due to which the hacker was permitted to take away authorized ERC-20 tokens developed by Ethereum. While confirming the event, Quixotic announced that they will refund the entirety of the ERC-20 tokens that were stolen. In the tweet, it was also mentioned that no threat was posed to the NFTs. Another thing that the respective Twitter post brought to the front was that the marketplace operations will remain paused till the alleviation of the danger.
The Ethereum network has acquired a lot of fame in the sector of non-fungible tokens (NFTs) as OpenSea also operates on its blockchain. Doing trade on this venue might get slow and expensive. That is the point when Quixotic jumps into the scene. It is known as an exclusive marketplace of NFTs operating on Optimism.
What is Quixotic by Optimism?
Quixotic counts to be the prominent NFT marketplace that runs on Optimism. The venue was disclosed to be released on an open scale following the declaration of the airdrop of Optimism. Carrying out the operations on Optimism signifies that the activities are rapid and economic along with the transfers among the rest of the marketplaces. Many endeavors have been done by Quixotic to shield its consumers from transfer charges reaching more than $1.7M since the inception thereof.
That is considered to be an extraordinary figure since the launch of Quixotic. Apart from this, the venue comprises up to 14,500 wallets having transferred NFTs, with a cumulative traded volume above 700 ETH. Nonetheless, Quixotic has not yet released a token up till now. In addition to this, the project is unique and the subject of likely introducing a token has not been discussed by it to date.
A Previous Prevented Exploit on Ethereum’s L2 Solution Optimism
A few months ago, a bug was reported on an Optimism-based smart contract, and it was subsequently eliminated by Ethereum along with the declaration that the customers’ funds were safe. With the bug, some bad actors could utilize Optimism to construct ETH by frequently prompting the “SELF DESTRUCT” opcode on some contract holding a balance in ETH.
To find this out, the blockchain history of Optimism was analyzed by the team of the venue and they discovered that the bug appeared to have been unexploited and it was triggered by chance by some employee at Etherscan (a well-known block explorer).
