The "apple.eth" domain has been grabbed with no way to get it back, thanks to an exploit of an auction by the Ethereum Naming Service (ENS), a domain registration service for the ethereum network.
Taking "full responsibility" for the bug, OpenSea said 17 names in total were taken by the hacker, including other notable ones such as defi.eth, wallet.eth, and pay.eth.
The bug in the auction software had distributed ENS domains to participants who did not hold the highest bid, according to the post.
Further, OpenSea stated:
Further issues with the auction process affected some 30 domain names like bitmex.eth or hodls.eth, with bids incorrectly processed. None of these domains were involved in the exploit, however.
An alternative web standard to the internet domain service, DNS, ENS operates on the ethereum blockchain. Unlike DNS, domain names cannot be forcibly retrieved once allocated to a party, thanks to the immutability of the ledger the information is stored on.
As such, the firm has asked for the domain names to be returned so they can be re-auctioned. A reward of 25 percent of the final auction price plus the original bid will be given to the hacker, the blog states.
Apple.eth and the 16 other hacked domains have been blacklisted by OpenSea. ENS is considering blacklisting the names as well.
ENS did not respond to questions from CoinDesk by press time.
Ethereum image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.