WuBlockchain
A vulnerability in Limit Break Payment Processor V2, initially suspected to involve Magic Eden, led to a white-hat rescue that secured 23,155 NFTs worth more than $5.7 million. Yuga Labs VP of Blockchain Quit said the assets have been safely relocated and will be returned to their owners once the risk is resolved.
Why it matters
The incident shows how a flaw in a payment processor can put assets across many wallets at risk. Quit said a similar exploit could be used to steal WETH, and about 660 WETH was not recovered in time.
Market impact
Payment Processor V3 on ApeChain is also affected by a similar issue. Quit advised users to revoke approvals for the published V2 contract on Ethereum and V3 contract on ApeChain, including through tools such as revoke.cash.
Frequently asked questions
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How many NFTs were secured in the Limit Break rescue?
The white-hat rescue secured and relocated 23,155 NFTs worth more than $5.7 million.
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What caused the NFT security incident initially linked to Magic Eden?
Yuga Labs VP of Blockchain Quit said the vulnerability was in Limit Break Payment Processor V2.
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How much WETH was not recovered?
About 660 WETH was not recovered in time. Quit said a similar exploit could be used to steal WETH.
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Which payment processor versions were identified as affected?
The issue involved Payment Processor V2 on Ethereum, and a similar issue affects Payment Processor V3 on ApeChain.
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What were users advised to do about the affected contracts?
Quit advised users to revoke approvals for the published V2 and V3 contracts, including through tools such as revoke.cash.
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