OpenSea said its platform and smart contracts were not affected by the security incident involving Magic Eden and Limit Break, according to a statement posted on X by Chief Technology Officer Chris Maddern. The company said it is adding warning banners across its platform and linking users to approval revocation tools. Maddern also said OpenSea has already flagged known affected ERC-721 NFTs and prevented them from being sold on the marketplace. Any newly identified exploited NFTs will be automatically flagged as well, with the goal of limiting attackers’ ability to receive offers tied to those assets. As of the latest update, more than 3,000 NFTs have been marked as stolen and blocked from trading. OpenSea said it will keep working to reduce the impact of the broader industry security incident on users.
OpenSea was not affected by the security incident involving Magic Eden and Limit Break, according to a post on X from Chief Technology Officer Chris Maddern. He said the platform’s systems and smart contracts are operating normally.
Maddern said OpenSea will show warning banners on platform pages to alert users and provide links that direct them to revoke approvals.
He added that known affected ERC-721 NFTs have already been flagged on OpenSea and cannot be sold. Any newly discovered NFTs tied to the exploit will also be automatically flagged, which the company said is meant to limit attackers from obtaining related offers.
As of now, more than 3,000 NFTs have been marked as stolen and barred from trading. OpenSea said it will continue assisting efforts to reduce the impact of the industry security incident on users.
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