SuperRare NFT platform loses $730K in RARE token exploit

Discover key highlights within the NFT house. This article dives into: “SuperRare NFT platform loses $730K in RARE token exploit”.

A vital bug within the SuperRare staking contract allowed an attacker to empty $730,000 in RARE tokens.

Summary

• SuperRare misplaced $730,000 to a hack.
• Attackers focused its staking contract.
• Critical bug enabled anybody to take possession.

Crypto hacks proceed to plague crypto protocols. On Monday, July 28, a vital vulnerability on the NFT platform SuperRare (RARE) enabled attackers to steal an estimated $730,000 in RARE tokens. According to a number of crypto safety platforms, together with Blockaid, the attackers focused certainly one of SuperRare’s staking contracts.

Our real-time exploit detection techniques had recognized malicious transactions focusing on one of many staking contracts utilized by @SuperRare

The attacker had deployed an exploit contract – however the precise assault was carried out by a frontrunner one block later.

Updates in pic.twitter.com/WzqePDzbhJ

— Blockaid (@blockaid_) July 28, 2025

In explicit, attackers focused the RareStakingV1 staking contract, which suffered from a vital vulnerability in its code. Subsequent analysts confirmed that the RareStakingV1 contract had a bug that enabled anybody to go the verification and take over the contract.

X put up by Raz Niv, co-founder and CTO of Blockaid, explaining the SuperRare hack | Source: X

After the attackers managed to take management of the smart contract, they transferred the belongings to their wallets. Still, blockchain safety specialists harassed that the assault solely the staking contract, with the NFT market and the RARE token remaining unaffected.

SuperRare token dips 6% after the hack

Following the hack, the SuperRare token dipped 6%, from its every day excessive of $0.0617 to $0.05815. Still, the token stays above its weekly lows and remains to be up 13% from the month prior. This is probably going resulting from the truth that the vulnerability affected solely a small fraction of the belongings on {the marketplace}.

Currently, RARE has a market cap of $48.01 million. According to DappRadar, the SuperRare market has a lifetime quantity of $249.71 million, with 6,120 particular person merchants. Still, volumes within the NFT market took a big dip lately. Over the previous 30 days, the platform registered simply $2,120 in gross sales, with the typical sale falling beneath $450.

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