Legacy approvals tied to Magic Eden were exploited, prompting white-hat responders to move affected assets into safer custody. According to TheDefiant, Yuga Labs’ 0xQuit said 23,155 NFTs with a value of more than $5.7 million had been secured. The figure points to a large-scale rescue effort rather than a completed fix for all exposed wallets.
The report also said holders still need to take action on their own side. Users are advised to revoke NFT and token approvals connected to the vulnerable contracts, as those permissions remain a risk even after part of the inventory has been protected by white hats. The incident centers on older approvals, not a broad new description of the marketplace itself in the source material.
At this stage, the key facts in the report are the number of NFTs secured, the estimated value involved, and the warning that wallet owners must revoke the affected approvals.
White hats have secured 23,155 NFTs worth more than $5.7 million after legacy Magic Eden approvals were exploited, according to TheDefiant.
0xQuit says more than $5.7 million in NFTs was secured
Yuga Labs’ 0xQuit said 23,155 NFTs had been secured in the rescue effort.
Holders still need to revoke approvals
The report said holders still need to revoke NFT and token approvals tied to the vulnerable contracts.
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