MAGIC EDEN NFT SECURITY INCIDENT: $5.7M IN NFTs EXPOSED A major NFT security incident has hit the ecosystem after a vulnerability was discovered in Limit Break’s Payment Processor V2, a contract previously used by Magic Eden’s Ethereum marketplace. The critical issue: old NFT approvals remained active on-chain even after Magic Eden stopped using the system. 🔹 23,155 NFTs reportedly rescued 🔹 Estimated value: $5.7M+ 🔹 NFTs were moved to safety through a white-hat rescue 🔹 ~660 WETH reportedly remained unrecovered, worth roughly $1.7M at the cited valuation Important: This was NOT simply a $5.7M Magic Eden hack. The $5.7M figure represents NFTs that were potentially exposed and subsequently rescued. Users should review and revoke outdated NFT contract approvals if they interacted with affected contracts.