NFTfi Reports UI Bug Following a User's Loan Immediately Defaulting

NFTfi, an NFT lending protocol, announced that its UI currently has a bug that resulted in one of its loans being affected in a recent tweet.

While the platform did not touch on which user was affected, Twitter user @NftyOrb said "I put this up at NFTfi.com for an asset loan.. it said 9-day loan, but somehow it defaulted immediately & got possessed by lender in same transaction. SCAM/FRAUD & asked nftfi Support- help !! If you see this, please don't buy" at 1:52 p.m. ET today.

I got scammed out of my 3D
540.eth
I put this up at https://t.co/WGzs3A1fU2 for an asset loan.. it said 9-day loan, but somehow it defaulted immediately & got possessed by lender in same transaction. SCAM/FRAUD & asked nftfi Support- help !!
If you see this, please don't buy
— 🦸‍♂️.eth || s7ven.eth || 540.eth || Tune.eth (@NftyOrb) October 8, 2022

Then, at 4:04 p.m. ET, NFTfi posted its message about the UI bug and an affected user.

Dear all, we have been made aware of a small UI bug, a patch is in progress and should be live soon. Only one loan was affected (we'll be in touch fren) and the problem is contained. Thanks all for the swift support, we sincerely apologize for the inconvenience 🙏
— NFTfi.com (@NFTfi) October 8, 2022

The team has not made an announcement since its initial message but did say that it is aware of the issue and it has only affected the one loan.

Author Bio

Cameron Ciletti

Cameron Ciletti is an NFT Analyst for Lucky Trader with over four years of writing experience ranging from fantasy sports to NFTs. Cameron is very keen on CC0 NFTs as he believes free usage rights aligns with the values of what Web 3 is trying to accomplish. Cameron is also a big advocate for mental health awareness as he has Bipolar disorder and wants others to know they are not alone in their struggles with mental health. Outside of NFTs, he enjoys playing the board game Catan competitively and the video game Rocket League.

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