Browsing: Eden

Magic Eden is investigating unusual activity involving several thousand Ethereum-based NFTs that reportedly moved for 0 ETH, raising concerns about a possible contract exploit. However, a pseudonymous account involved in the transactions claims the activity was part of a white-hat operation. Magic Eden has not verified that claim.

Old Magic Eden NFT approvals could still put some former users at risk months after the company closed its Ethereum marketplace. A September 25 warning from wallet security service Revoke.cash says that a vulnerability in Limit Break’s Payment Processor V2 affects wallets that still authorize the contract to move NFTs. Those approvals remain active until…