PREMINT Adds Social Login Following Security Incident

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Following yesterday's security breach, PREMINT announced a new feature that will eliminate the need for collectors to connect their wallets to its website every time they register for an allowlist opportunity.

The announcement shows an image featuring the new flow, which allows a user to link their wallet to a social account. Once the wallet has been linked, the collector can then use social login to enter raffles through PREMINT. Supported options for social login include Twitter and Discord.

Yesterday morning, PREMINT had suffered an exploit where users were exposed to a malicious "set approval to all" function when signing a transaction through the site. As a result, several members of the PREMINT community had lost NFTs and/or funds in the breach.

After bottoming out at 0.85 ETH following yesterday's incident, the current floor price of the PREMINT Collector Pass collection sits at 0.92 ETH.

Author Bio

Bill Monighetti

Lucky Trader COO

A web3 degen with a soft spot for pixel art, Bill previously served a variety of roles at FantasyLabs/The Action Network including product manager and NFL news reporter. Red-pilled into NFTs by NBA Top Shot during the winter of 2020.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.