The attacker steals crypto assets using a security flaw in the Rarible NFT platform.

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    A security weakness has been discovered in the Rarible NFT (non-fungible tokens) marketplace, according to a recent research from Check Point Research. The security hole was quickly reported to Rarible, who acknowledged the problem and implemented a remedy.

    EIP-721, the Non-Fungible Token Standard, allows smart contracts to define a standard API for NFTs.

    “This function simply defines who is authorized to control all of your tokens/NFTs,” according to CheckPoint researchers. “It was primarily created for third parties like Rarible/OpenSea, etc., to control the NFT/tokens on behalf of the users.”

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