🚨 SuperRare Bleeds $730K in RARE Token Heist—NFT Security Under Fire

Another day, another crypto exploit—this time hitting the blue-chip NFT platform SuperRare. Hackers siphoned $730K worth of RARE tokens in a slick contract loophole play. Here’s the breakdown.

## The Attack Vector: Permission Paradox

Exploiters manipulated delegate call permissions—turning a governance feature into a digital ATM. No brute force, just clever code abuse.

## Market Fallout: RARE Takes a Hit

The token dipped 15% post-exploit before paring losses. Traders shrugged—‘just another Tuesday’ in DeFi land.

## Cynical Finance Bonus

‘Security audits are like diet plans—everyone pays for them, few actually follow through.’ Meanwhile, the hackers are probably shorting RARE while you read this.

After the attackers managed to take control of the smart contract, they transferred the assets to their wallets. Still, blockchain security experts stressed that the attack only the staking contract, with the NFT marketplace and the RARE token remaining unaffected.

SuperRare token dips 6% after the hack

Following the hack, the SuperRare token dipped 6%, from its daily high of $0.0617 to $0.05815. Still, the token remains above its weekly lows and is still up 13% from the month prior. This is likely due to the fact that the vulnerability affected only a small fraction of the assets on the marketplace.

Currently, RARE has a market cap of $48.01 million. According to DappRadar, the SuperRare marketplace has a lifetime volume of $249.71 million, with 6,120 individual traders. Still, volumes in the NFT marketplace took a significant dip in recent years. Over the past 30 days, the platform registered just $2,120 in sales, with the average sale falling under $450.