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Magic Eden Suspected of NFT Security Vulnerability; White Hat Moves 3,832 NFTs for Rescue
NFT marketplace Magic Eden is suspected of having a security vulnerability after a white hat moved 3,832 NFTs from hundreds of wallets. Yuga Labs CEO Michael Figge confirmed the issue was discovered hours earlier, with VP of Blockchain Quit (0xQuit) handling affected assets within the scope of the white-hat rescue. Quit stated the NFTs are currently secured at an address beginning with 0x71cF and will be returned to their original owners once the risk is resolved. Magic Eden has not yet disclosed the cause or full scope of the issue.
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