Magic Eden has revealed that it will refund all users who mistakenly purchased unverified NFTs that appeared on collection pages following a recent breach.
In a statement, Solana-based NFT Marketplace said a bug had been rolled out in an update to two of its features – Snappy Marketplace and Pro Trade tools. As a result, unverified NFTs have been listed in these two tools.
- More technically, the newly deployed “activity indexer” failed to detect dupe NFTs. Instead, the bug allowed these tokens to evade verification and be listed alongside genuine collections.
- The development comes days after some Magic Eden users reported seeing strange images on the platform instead of NFTs, including pornographic images and stills from ‘The Big Bang Theory’ TV series.
- On January 4, however, the platform confirmed that its smart contract remained secure and added that the incident was an isolated UI issue.
- According to the update, the breach led to the sale of 25 fraudulent NFTs across four collections over the past day. The market is now looking to see if other NFTs have been affected.
“We have identified over the past 24 hours, the impact has been limited to 25 unverified NFTs sold across 4 collections. These unverified NFTs appeared on collection pages and transactions from unverified NFTs appeared in collection activity tabs. The problem has been solved since this morning. »
- Counterfeit NFTs have also been added to high-priced and prominent Solana-based ABC and y00ts collections.
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