Ordswap Devs Sound the Alarm as Domain Slips Away

"Ordswap, Prominent NFT Marketplace on Bitcoin Network, Faces Security Breach as Developers Issue Urgent Warning"

Ordswap, one of the first non-fungible token (NFT) marketplaces built on the Bitcoin (BTC) network, has recently experienced an incident that has led its developers to issue a warning to users. The team has urged users not to interact with the website, as they are currently not in control of the domain. The exact nature of the incident has not been disclosed, but the Ordswap team has provided a tool for MetaMask owners to recover their private keys.

While the full extent of the incident is still unknown, users have reported that the authorization button on Ordswap’s website was compromised, putting users’ crypto wallets at risk. At the time of writing, the Ordswap website redirects users to RelayX, another NFT marketplace.

Ordswap was launched in February 2023 as a decentralized trading platform. It allows users to buy, trade, or generate Bitcoin Ordinals, a type of digital asset closely associated with NFTs. These assets are inscribed onto satoshis, which are the smallest denomination of BTC.

It is important for users to exercise caution and refrain from interacting with Ordswap’s front-end until the situation is resolved. The team is actively working to regain control of the domain and ensure the security of users’ funds. Further updates are expected to be provided by the Ordswap team in due course.

This incident serves as a reminder of the potential risks associated with cryptocurrency trading and the importance of maintaining security measures. Users are advised to exercise caution when using online platforms and to regularly update their security protocols to protect their digital assets.

Disclaimer: This article was originally published on Crypto.news. The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. The writer and publisher of this article do not endorse any specific cryptocurrency or trading platform. Always do your own research and consult with a qualified financial advisor before making any investment decisions.

Martin Reid

Martin Reid

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