A whitehat moved 3,832 NFTs from hundreds of wallets after a suspected vulnerability involving Magic Eden. Yuga Labs’ 0xQuit said the NFTs are safe and will be returned once the risk passes.
Why it matters
The incident puts the security of NFT wallets and the scope of the suspected Magic Eden vulnerability under scrutiny. The reported transfers involved hundreds of wallets, though no further details about the flaw were provided.
Market impact
The NFTs' reported safety offers reassurance to holders, but they have not yet been returned. Their return depends on the risk passing, according to 0xQuit.
Frequently asked questions
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How many NFTs were moved?
A whitehat moved 3,832 NFTs from hundreds of wallets after a suspected Magic Eden vulnerability.
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Who said the NFTs were safe?
Yuga Labs’ 0xQuit said the NFTs are safe.
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When are the NFTs expected to be returned?
0xQuit said the NFTs will be returned once the risk passes.
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What prompted the NFT transfers?
The transfers followed a suspected vulnerability involving Magic Eden.
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Have the NFTs been returned?
The NFTs have not been reported as returned. 0xQuit said they will be returned once the risk passes.
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