OpenSea Introduces New Stolen Item Policy to Combat NFT Theft

OpenSea introduces new stolen item policy to combat NFT theft. Previously, police reports were used within the platform in escalated disputes. With the new update, they will be used to confirm all stolen item reports within the NFT platform. Without a police report within seven days, the platform will enable the buying and selling of the reported item again to avoid fake reports. OpenSea also highlighted that it’s working to find other solutions to tackle the problem of NFT theft at its roots.