Yuga Labs2026-09-26 02:24:09Yuga Labs executive says NFT theft claims portal should go live within hoursYuga Labs blockchain vice president Quit said on X that a claims portal tied to a recent NFT theft incident is expected to go live within the next few hours. He also said a dedicated address, nftsaresafu.eth, has been set up to receive donations in ETH and other tokens. According to Quit, he spent about $7,500 in gas fees the previous night while handling matters related to the incident, in addition to putting in significant time. He also thanked the community for support provided through channels including X Money. The update follows an earlier report that NFT marketplace Magic Eden may have suffered an NFT security flaw. In that incident, a white hat hacker moved 3,832 NFTs from hundreds of wallets, with the assets valued at about $1.5 million.290
Yuga Labs2026-09-25 08:34:28Yuga Labs executive urges users to revoke Payment Processor V2 and V3 approvalsYuga Labs blockchain vice president Quit warned users on Sept. 25 to revoke approvals tied to the Ethereum Payment Processor V2 contract and the ApeChain Payment Processor V3 contract as soon as possible. He said users can do so through revoke.cash or similar approval-management tools. Quit also said that if assets were moved without permission and are currently sitting at an address beginning with 0x71cf, holders do not need to panic because those assets remain safe. Even so, affected users still need to revoke the approvals tied to the two contracts. The warning follows an earlier incident involving what was described as a suspected NFT security issue at marketplace Magic Eden. In that case, a white hat hacker moved 3,832 NFTs from hundreds of wallets, with the assets valued at about $1.5 million. Quit said those transfers were part of a white hat operation, that the NFTs were being held at an address beginning with 0x71cF, and that all assets would be returned once the risk is removed.300
