OpenSea: Systems and smart contracts unaffected by Magic Eden

BlockBeats news, September 26: OpenSea Chief Technology Officer Chris Maddern responded to the impact of the security incidents involving Magic Eden and Limit Break, stating that OpenSea's systems and smart contracts were unaffected. The ERC-721 NFTs currently known to be affected have been flagged on OpenSea and cannot be sold; for newly discovered exploited NFTs, OpenSea will also automatically flag them to limit attackers from obtaining related offers. For users who still have related approvals, OpenSea will display a warning banner on the platform page and provide a link to guide users to revoke approvals. As of now, more than 3,000 NFTs have been flagged as stolen and prohibited from trading. OpenSea stated it will continue to assist in reducing the impact of this industry security incident on users.

Yesterday, the NFT marketplace Magic Eden appeared to have a security vulnerability. White hat hackers transferred 3,832 NFTs from hundreds of wallets, worth approximately $1.5 million. Yuga Labs Blockchain Vice President Quit stated that this transfer was a white hat operation, and the related NFTs are currently stored in an address starting with "0x71cF," with the assets in a safe state. Once the risk is lifted, they will all be returned.

Magic Eden CEO Jack subsequently posted that Magic Eden was not attacked today, and the related incident originated from Limit Break's trading protocol and smart contracts. Magic Eden stated that it stopped using the protocol two years ago. Jack said Magic Eden is communicating with Limit Break on further handling plans, including promoting the suspension of related asset transfers at the protocol level. Before that, users should revoke related approvals on Magic Eden.