Magic Eden is under scrutiny after thousands of NFTs were reportedly sold for 0 ETH, raising concerns of a contract exploit. NFT trader Cirrus alerted users to revoke approvals due to suspicious activity, but a pseudonymous user named Quit claimed the transfers were part of a whitehat operation, assuring that the NFTs are safe and will be returned. Magic Eden has not confirmed any exploit or disclosed the number of affected NFTs or wallets. The incident follows Magic Eden's earlier shutdown of its Ethereum and Bitcoin NFT marketplaces, leaving questions about which services were impacted by the activity.
Magic Eden is under scrutiny for a possible exploit involving thousands of NFTs sold for 0 ETH. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 25, 2026 14:01 WIB: out of 50 major cryptocurrencies, 39 rose and 10 fell. Notable movers include CAKE at Rp49.782 (+6.73%), EGLD at Rp81.485 (+6.20%), and LTC at Rp1.279.398 (+5.43%).
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