Old Marketplace Permissions Put $5.7 Million of NFTs at Risk on Magic Eden
Legacy approvals from Magic Eden's former EVM marketplace left more than $5.7 million worth of NFTs vulnerable to a recent exploit.
Section
NFTs
Digital collectibles, marketplaces and onchain culture.
4 stories
When NFT marketplaces vanish, collectors inherit the storage burden
The closure of Nifty Gateway highlights how NFT owners must now manage long-term storage of their digital artworks.
Legacy Magic Eden NFT listings face risk from unresolved contract approvals
Magic Eden warned that NFTs listed on its former EVM marketplace may be vulnerable to a payment processor exploit, prompting a revocation advisory.
Residual Magic Eden approvals expose Ethereum and ApeChain NFTs to theft
Old permissions granted to Magic Eden's payment processors remain active, leaving wallets vulnerable to NFT loss.