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Magic Eden suspected security breach, white hat hacker transfers 3,832 NFTs from hundreds of wallets.

BlockBeats news, September 25: NFT marketplace Magic Eden appears to have suffered a security vulnerability, with white hat hackers moving 3,832 NFTs from hundreds of wallets, valued at approximately $1.5 million.


Yuga Labs blockchain vice president Quit stated that the transfer was a white hat operation, and the relevant NFTs are currently held in an address starting with "0x71cF," with the assets in a safe state. Once the risk is resolved, they will all be returned.


Yuga Labs CEO Figge posted that the relevant vulnerability was discovered several hours ago, and Quit is currently rescuing the affected assets within the scope of the white hat rescue. All relevant assets are currently in a safe state, and more information will be announced later.

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Some whales in the Magic Eden community are quite satisfied with the current pre-market price performance, and they even believe that ME has the potential to surge to $3 to $4 at launch.
Founded less than a year ago, Magic Eden now has more than 22 million monthly unique visitors, more than 100,000 wallets interacting with the platform every day, and the secondary market has more than 8,000 NFT collectibles.
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