~/talk

Cross-Contract Ricochet Attacks & Off-Chain-On-Chain Manipulation of Billion Dollar NFT Collections

Talkat Black Hat Europe 2022 · 2022-12-05..12-08· [security, web3]
links:none on file
slides:none on file

Shows a concrete exploit chain: list for zero off-chain on marketplaces that don’t validate listings drives the advertised floor to zero, triggers panic selling and lets an attacker buy high‑cap NFTs back cheaply; demonstrates a nonce desync where off‑chain nonces differ from on‑chain checks so canceled orders remain executable unless users switch wallets; finds live contracts using raw 0x payloads that accept arbitrary function calls (including ERC‑721 buys) and several million‑dollar balances that can be drained; tests succeed against multiple marketplaces, some patched, some unresponsive.

AI-written summary · about

  1. 0:00Introduction to NFT markets
  2. 3:31Technical and math challenges
  3. 6:21Marketplace floor price risks
  4. 10:55Off-chain and on-chain syncing
  5. 16:25Exploiting 0x library contracts
  6. 20:34The J-Pow attack vector
  7. 24:51Rug pulls and the future
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