#MagicEden Security Flaw in the Spotlight
Thousands of NFTs were transferred away for 0 ETH, and the sender claims to be a white-hat.
Reports say Magic Eden has seen abnormal transactions: thousands of NFTs were moved for 0 ETH, seemingly due to a contract vulnerability. Yuga Labs CEO said that a vulnerability was found a few hours earlier; team member Quit is currently carrying out a white-hat rescue, and all affected assets are safe.
Magic Eden has not yet confirmed that this is a vulnerability, nor has it disclosed the affected wallets and the number of NFTs involved. For holders of on-chain NFTs at $ETH , revoking authorizations is the only step they can take to maintain control before the address ownership and contract path are verified. If there is still no official confirmation from Magic Eden afterward, this is more likely to be categorized as a white-hat recovery of undisclosed details, rather than a confirmed attack.
$PENGU $BTC
Thousands of NFTs were transferred away for 0 ETH, and the sender claims to be a white-hat.
Reports say Magic Eden has seen abnormal transactions: thousands of NFTs were moved for 0 ETH, seemingly due to a contract vulnerability. Yuga Labs CEO said that a vulnerability was found a few hours earlier; team member Quit is currently carrying out a white-hat rescue, and all affected assets are safe.
Magic Eden has not yet confirmed that this is a vulnerability, nor has it disclosed the affected wallets and the number of NFTs involved. For holders of on-chain NFTs at $ETH , revoking authorizations is the only step they can take to maintain control before the address ownership and contract path are verified. If there is still no official confirmation from Magic Eden afterward, this is more likely to be categorized as a white-hat recovery of undisclosed details, rather than a confirmed attack.
$PENGU $BTC
