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Magic Eden undergoing possible exploit as thousands of NFTs move for 0…

News-screening summary only. This is not investment advice and does not confirm market response.

Thousands of NFTs were transferred for 0 ETH on Magic Eden, raising concerns of a contract exploit, though a user claims the activity is a whitehat operation.

Status
Active
Confirmation
Unconfirmed
Event type
OTHER_MATERIAL_EVENT
Market scope
MARKET
Direction
-1
Impact / urgency
3 / 4
Impact category
MATERIAL
Risk stance
RISK OFF
Promotion
PROMOTED · 65/100
Promotion reason
Highlights a potential security incident affecting a major NFT marketplace, prompting user protective actions and market vigilance.
Duration class
SHORT
Assets
Magic Eden NFTs
Sectors
NFT
First detected
Impact started
Scheduled for
Not published
Occurred at

Sources

Magic Eden undergoing possible exploit as thousands of NFTs move for 0 ETH

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