The marketplace confirmed that the issue was resolved. The team also emphasized that there was no hack and Magic Eden is safe for trading. Vineet is a storyteller based in Mumbai. The creator(s) may still need to submit a listing request form, or the request form may still be being processed by our listing team. Magic Eden revealed that it will refund all the users who mistakenly bought unverified NFTs that showed up on the collection pages as a result of a recent breach. Having previously worked for various web2 organizations as a journalist, instructional designer, and event manager, he got into blockchain in early 2021. Therefore, it is a significant issue that Magic Eden recently experienced a malfunction that allowed fake Solana NFTs to be listed on the platform. Magic Eden's unplanned entrance to the Web3 space compelled the firm to invest a measurable amount in online gaming.A statement from the Magic Eden team dated February 23 revealed that the firm conducted business with MatchDay, and Blockstar Planet, among others. The further added: "Update: Magic Eden is safe for trading. The recently implemented tools were also temporarily disabled so that users were prevented from seeing unverified NFTs in the collection pages for newer sessions. Despite this hiccup, Magic Eden has been releasing new features and undergoing developments. . It resolved the issue and will refund affected users. What Did The Magic Eden NFT Marketplace Refund Users? As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. According to the official report, the impact of the exploit was 25 unverified NFTs sales across 4 collections. The marketplace said that those unverified NFT transactions appeared in the activity tabs of the collections and their web page. Individuals are required to fully research any product prior to making any kind of investment. Magic Eden is an excellent NFT buying and selling platform for both amateurs and novices alike. Stay up to date with our weekly roundup of independent news, Join in live community chat & all updates as they happen. A total of 25 fake NFTs were sold in 24 hours. Earlier today, unverified NFTs were being shown as part of verified collections on ME. The company says it is taking steps to ensure future incidents do not occur. Cookies Policy / Privacy Policy / Terms of Use. The Magic Eden team has verified that the impact was contained to 25 unverified NFTs sold across 4 collections. Because of that, dupes of NFTs from various collections were able to get listed in the marketplace. Magic Eden - NFT Marketplace Volume 24h: 65,227 SOL Volume total: 54,822,797 SOL Blog TikTok Discord Youtube Instagram The Remnants The Remnants is a player driven economy based game built on Solana and set in the post-apocalypse Metaverse. Snappy Marketplace, a feature of Magic Eden designed to improve the shopping experience, displays newly posted and sold products on the homepage in near real-time. Due to the malfunction, unsuspecting buyers have been tricked into purchasing fake NFTs for large sums of money. Specifically, it added unverified NFTs into the collections at large. The impact was limited to 25 unconfirmed NFTs sold in 4 collections on Jan. 4. All rights reserved. Most curated auction items do not belong to a collection yet, and as such would appear as Unverified. The platform then directed users to hard reset their browsers. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In any of these cases, it is best to reach out to the creators of the NFT collection or project to verify which of these instances may apply to you. This initiative rewards users with Magic Points based on the secondary trading transactions on the platform. According to social media accounts, the recent exploit has particularly targeted popular Solana collections like ABC and Y00ts. The creator (s) may still need to submit a listing request form, or the request form may still be being processed by our listing team. The Magic Eden team has verified that the impact was contained to 25 unverified NFTs sold across 4 collections. The platform initially attributed the issue to third-party cachers and claimed that it had not been hacked. Just hours after blaming a third party for displaying pornographic photos on their website, Solanas NFT platform Magic Eden addresses the issue of selling unverified NFTs. Over the last day, the issue was contained to 25 unverified NFTs in 4 collections. Our goal is to build the most heartwarming and welcoming community in the NFT space. This has allowed unscrupulous individuals to list fake NFTs for these top collections and pass them off as legitimate. To resolve the issue, the team first disabled entry points to eliminate new unverified NFTs. Optimism [OP]: Social hype reaches new heights: Is a cool-off looming? This is perhaps the most popular and, by far, the largest NFT marketplace nowadays. Understanding why certain items are not tradeable on ME. If this was the case, most often the reason is that the collection orproject was deemed as being either offensive, a scam, or a potential IP infringement. New YouTube CEO Harbors a Fondness for Web3 and NFTs, Coinbase Celebrates Base Launch with Free NFT Drop, The Titanic Artifacts Resurface on the Blockchain Through NFTs, LinksDAO NFT Funding Secures Historic Scottish Golf Course, Uniswap Allows NFT Trading in Any Ethereum-Based Token, Flare Raises the Bar with Cross Blockchain NFT Trading. BitDegree.org - An Independent Initiative of The Best Crypto Exchange Reviews & Personal Advice | [emailprotected]. The team is refunding the affected users. Unverified NFTs appeared as a part of verified collections on the marketplace. Additional terms may apply to free offers. Now, no one can buy unverified NFTs on ME. Read the best crypto stories of the day in less than 5 minutes. Furthermore, the Pro Trade tools are an exclusive toolkit for some collections on the platform. Alternatively, several people claimed to have seen a still from The Big Bang Theory. By using our site you consent to the use of cookies. 715SolanaNFTMagic EdenEden GamesLaunchpad35NFTEden GamesDeFi PiratesEverseedSkateX Magic EdenWeb3 "Magic Eden is safe for trading and we will refund all the users who mistakenly bought unverified NFTs specifically due to this issue." Magic Eden also communicated with the users about the issue via their social media accounts. The latest moves in crypto markets, in context. Be a smarter, safer investor in eight weeks. Solana. If you were affected by ABC or other collections, please chat https://t.co/CyteCOTQ2V so we can help you. Solana-based NFT marketplace Magic Eden has fixed a bug where unverified NFTs would show up as verified. Save my name, email, and website in this browser for the next time I comment. Magic Eden is a new NFT platform made for the Solana Network that facilitates the buying, selling, and minting of NFTs. However, the new development cannot be attributed to a third party. Earlier today, unverified NFTs were being shown as part of verified collections on ME. Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans! BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back. Open Sea. Home to the next generation of creators. Shillsalot's writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. Pros & Cons Revealed. Magic Eden recently updated some features on its platform. The Magic Eden team has verified that the impact was contained to 25 unverified NFTs sold across 4 collections. The company is currently working to determine if any more NFTs beyond the most recent day were impacted. 0.62% 0.80% Magic Eden reassures that its smart contracts are still safe to use; the hiccup in the user interface was an isolated issue. This website uses cookies to improve your experience while you navigate through the website. :/. For example, Magic Eden works hand-in-hand with creators on its Launchpad to help them create, mint, market, and successfully launch projects. Thank you to the community for alerting us there was an issue where people could buy fake ABC NFTs. Next, Magic Eden added an extra verification step to completely block similar types of attacks. On January 4, 2023 the firm said in a statement that the 'activity indexer' used for the marketplace and Pro Tools was compromised and allowed it to list fake NFTs alongside the . Probing the intersection of crypto and government. Be0nb0g Friends (BBF) is a community driven project containing Be0nb0g like characters, randomly generated as NFTs, on the Solana Blockchain. The source of the technical issue was confirmed to be a UI issue due to a new feature deployment. The exploit was a result of a UI bug. The issue was further resolved by requesting users to hard refresh their browsers and adding an extra verification step to prevent similar attacks. However, the team has since resolved the issue in a short turnaround time. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. All impacted users will be refunded, and Magic Eden is actively monitoring the situation to ensure no further issues arise, the company stated. But this resolution only worked for a few users and on select browsers. What is Magic Eden. In this video we mint Fast. This tool does what Snappy Marketplace tools do, but with even more stats to aid collectors in their decision-making. Magic Eden stated on Twitter that they have "added more verification layers per collection to resolve the issue," but the exploit still remained active. Sign up here so you don't miss a single newsletter. In the last day, impact was contained to 25 unverified NFTs sold in 4 collections.We've resolved the issue and will refund those affected. Weve resolved the issue and will refund those affected. Magic Eden said that in the last 24 hours, 25 unverified NFTs were sold across four collections . Magic Eden is one of the most user-friendly platforms on the market. When the official mint happens . Press J to jump to the feed. In a Jan. 4 statement, the company said a bug in its newly deployed "activity indexer" for its Snappy Marketplace and Pro Trade tools essentially allowed fake [] Our goal is to provide the most delightful platform experience for creators and collectors. Your email address will not be published. Due to the malfunction, unsuspecting buyers have been tricked into purchasing fake NFTs for large sums of money. Magic Eden Magic Eden's Fake NFT Listing Shows Need for Better Authentication By David Andrews January 13, 2023 Just four days into the New Year and the NFT market had suffered its first bit of reputational damage in 2023, an exploit allowing scammers to sell fake NFTs as part of popular verified collections on the Magic Eden marketplace. Usually its because the trader bought the NFT directly from an untrusted source or marketplace that allowed the trade to occur. The platform has since resolved the issue and states that no one will be able to buy unverified NFTs anymore. NFT Plazas 2023. Earlier today, unverified NFTs were being shown as part of verified collections on ME. A screenshot from ABC creator HGE showed at least two sales of 100 Solana each, for about $2,600. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Our official collection of ships, camos, utilities and weapons will be released on Magic Eden next month, but had to be pushed back for scheduling reasons. Magic Eden, however, assures that the company is secure for traders. The UI issue pertains to Magic Edens recently launched Snappy Marketplace and Pro Trade tools. The team tweeted on Jan. 5 that the impact was contained to 25 unverified NFTs sold in four verified collections. Upon being alerted to the issue by NFT buyers and creators, Magic Eden reportedly resolved the problem and indicated that it had been fixed. Non-fungible token (NFT) marketplace Magic Eden on Wednesday said an unresolved issue has allowed fake NFTs to be listed and sold as part of real collections. Type above and press Enter to search. The exploit was a var absrc = 'https://servedbyadbutler.com/adserve/;ID=177750;size=0x0;setID=588602;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid588602+';place='+(plc588602++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; The high-priced and popular Solana [SOL]-based collections, ABC and y00ts, were two other affected projects. The NFT in question is not part of the collection: Sometimes if an NFT shows as Unverified, its possible that it may be a fake. These items show up directly on the screen in real-time to provide a more seamless user experience. OnIn your Profile Page, if an NFT falls into the Unverified items tab, this is because it is not recognized as part of a collection listed on the Magic Eden marketplace. It's the original peer-to-peer alternative to buy and sell non-fungible tokens online. However, there was a bug deployed in an update that affected the entire platform creating a massive exploit. It has pledged to refund. Scammers managed to breach the platform after the update and listed these fake NFTs alongside genuine ones on the platform. ON YOUTUBE. Magic Eden, the largest Solana-based NFT marketplace was repeatedly bombarded with user reports due to sales of unverified NFTs from verified collections on the platform, according to the official statement by Magic Eden. Twelve lines are currently operational (counting Lines 3a and 3b as separate lines), with extensions and additional lines in the planning and construction stage. It resolved the issue and will refund affected users. Magic Eden is the leading community-centric NFT marketplace. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. What is Polygon in Crypto? Moreover, the team also adds that they will refund any affected users if the issue persists. We are confirming impact beyond the last 24h". The Magic Eden exploit is the latest setback for the NFT market, which saw global monthly sales plummet 86 percent in December compared to their all-time high of more than $4.9 billion in January of last year, according to blockchain data tracker CryptoSlam. Disclosure: To ensure our site's review data always stays free & running up to date, sometimes we might receive a small commission if the reader purchases through our site links, at zero additional cost. The team also adds that they are continuously monitoring the situation to ensure this issue does not occur again. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. One of the most promising NFT marketplaces built on Solana - Magic Eden experienced a major security breach that led to listing fake NFTs on the marketplace. A Polygon Launchpad gaming project called Shatterpoint also launched on the platform recently. There is currently an exploit on Magic Eden allowing for unverified NFT's to be listed as part of the collection You can verify if an NFT is part of the collection on our explore page linked below If it's not in our explorer, it's not our NFT. Discover the best and latest NFT collections today. CoinDeal members arrested on fraud charges, whats next? Magic Eden previously had other issues with their platform. The Magic Eden team has verified that the impact was contained to 25 unverified NFTs sold across 4 collections. Read Next:Meta Bets Go Bust As Digital NFT Land Prices Plummet: Are Investors Wasting Money? You are now the proud owner of a "DROPZONE" NFT. NonFungible.com | NFT market stats, sales tracker, rankings & news Magic Eden fixed a bug where unverified NFTs would appear in verified NFT collections. Magic Eden Response to Unverified NFTs Reports Updates from 4 January 2023 issue . Join 25,000+ NFT enthusiasts & stay on top . A day after Magic Eden suffered a technical glitch that resulted in 25 unverified NFTs being sold as part of verified collections, the company announced on Thursday it wouldbe refunding all users who mistakenly bought the unverified NFTs. The source of the technical issue was confirmed to be a UI issue due to a new feature deployment. It is mandatory to procure user consent prior to running these cookies on your website. Mintable and Moonpay Partner To Accelerate NFTs on Immutable X, Leah Lamarr Live Mints Comedy NFTs at ETH Denver, Metamask Web3 Wallet Steps In the Gaming Industry With Unity, NFT Paris 2023: France at the Forefront of the Web3 Revolution, xPortal by MultiversX Aims To Become Your Metaverse Passport, Adam Weitsman: The New Owner of Dookey Dash Golden Key, Animoca Brands New NFT Licenses Defend Creator Royalties, Prada Timecapsule NFT Unveils Exclusive Ragazzini Print Trilogy, TwelveFold by Yuga Labs Unveils Unique Bitcoin Collection. NFT marketplace Magic Eden has promised to refund all users who were duped into purchasing fake NFTs on its website as the result of an exploit. 0% listing fee, only 2% transaction fee. But i think i found it. Digital Currency Traders Alliance Lobbies Retail Investors to Oppose SEC Crackdown, Revolut Posts 33% Increase in Revenues, but Auditor Raises Questions, Cosmos (ATOM) Price Primed for a Big Move in March, Polkadot (DOT) and Kusama (KSM) Price Gear up for Next Rally, ZachXBT Alleges Bitbns Exchange of Disguising $7.5M Hack as System Maintenance, Ripple Exec Believes CBDCs are Strongest Cases for Utility, Top 10 Telegram Channels for Crypto Signals in 2023, Polygon CEO Proclaims Ethereum as Layer 1 Future, Dismisses Solana, Cardano, and Avalanche, Navigating Crypto Taxes Made Easy & Cheap: Meet Cryptiony, Ethereum Developers Plan New Holli Testnet as Goerli ETH Gets Marketplace. Tokoni Uti has written extensively on blockchain and cryptocurrency for years. She enjoys discussing blockchain technology and is committed to producing original content. Your weekly wrap of Web3 news and trends. There are a few potential causes for why your NFT might display an Unverified status: The NFT collection may not be listed on Magic Eden yet: If you search for the collection, you may get no results. Holding 1 Be0nb0g Friends NFT grants you more than a JPEG, BBF will be able to be a part of an amazing . In addition, for some collections on Magic Eden, users have access to Edens Pro Trade feature, where they can see recently listed and sold products in real-time, along with different information to assist them in making selections. an NFT royalty enforcement tool - Open Creator Protocol. Did you miss our previous article https://nft.magnewsblog.com/win-a-limited-edition-ledger-with-world-of-womens-new-quest/, Gold IRA: Get This Guide to Learn All About It, https://nft.magnewsblog.com/win-a-limited-edition-ledger-with-world-of-womens-new-quest/, Museum of Fine Arts, Boston, and laCollection Launch Second NFT Collection of Rarely Seen French Impressionist Pastels, Danny Cole Launches Creator World Fashion Label during NYFW, Celo blockchain uses Soulbound tokens to power a new identity system, WeGo Battle Pods Arrive Selling Out At Light Speed, You Can Now Buy NFTs That Help Rebuild Brazils Rainforest. How to Mint an NFT and sell on Magic Eden 61,530 views Nov 25, 2021 591 Dislike Share Ike Amadi 42.2K subscribers How to mint a Solana NFT and sell on Magic Eden. Assessing 1INCHs performance prior to token unlocks, Algorand [ALGO]: Day traders reluctant as market sentiment remains bearish, Ethereum [ETH]: Will this development turn HODLers into stakers, Chainlink [LINK]: Will $7.2 support hold steady? Home to the next generation of creators. *All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. By clicking Accept, you consent to the use of ALL the cookies. Before making financial investment decisions, do consult your financial advisor. AstroSphereNFT is a new gaming DAO coming to Solana. Magic Eden Ventures is the VC arm of cross-chain NFT marketplace Magic Eden and has recently invested in 11 blockchain gaming studios as part of its commitment to promote the growth of the . It is believed that the NFT platform found a solution by temporarily disabling booth tools and removing "entry points" which permitted unverified NFTs to pass. A total of 25 fraudulent non-fungible tokens (NFTs) were purchased by unsuspecting buyers. The co-founder of Magic Eden, Jack Lu shared that the assets will be minted on 11th March, while Overtime CEO, Dan Porter cited the "the value of accessing a finals NBA" [as] near USD$1000", a . In this tutorial, we teach you how to buy an NFT on Magic Eden. The unverified NFTs randomly popped up on the collection pages on different projects. Due to a technical issue, Magic Eden users bought unverified NFTs. Magic Eden has become the latest victim of an exploit, leading to the listing and sale of fake NFTs via the platform. However, the team has since resolved the issue in a short turnaround time. 1 Earlier today, unverified NFTs were being shown as part of verified collections on ME. The NFT is part of a delisted collection: Finally, it is possible that the collection was delisted. Magic Edens smart contract remains secure, and this incident was an isolated UI issue.. The unverified NFTs randomly popped up on the collection pages on different projects. If you have won an NFT from a curated auction, please reach out to us so we can help create the collection to 'house' the NFT that you've won. Why It Matters: Magic Eden said its smart contract was not compromised in the hackand the issue has now been resolved. Do not buy these @y00tsNFT on @MagicEden, they are fake! Magic Eden (@MagicEden) January 4, 2023, Join the Weekly Newsletter Join our Discord Follow us on Twitter Like us on Facebook Follow us on Instagram. The pieces were thus included in the complete collection without further action. Looking for more latest crypto news on related topic? Save my name, email, and website in this browser for the next time I comment. The launch has been dubbed "Mint Madness," a nod to the NCAA college basketball . The le-de-France tramways ( French: Tramways d'le-de-France) are a network of modern tram lines in the le-de-France region of France. Magic Eden has also send refunds of the investments to those affected. App NFTs Upvote 144 By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Although the system mainly runs in the . "Magic Eden is safe for trading and we will refund all the users who mistakenly bought unverified NFTs specifically due to this issue," it wrote. Create an account to follow your favorite communities and start taking part in conversations. But usage on the platform has so far lagged behind the hype, with Solana NFT sales on OpenSea being around 9% of Magic Eden's since launch, according to data from Magic Eden. The unverified NFTs randomly popped up on the collection pages across different projects. Subscribe - We publish new crypto explainer videos every week! You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. How does this work? Learning about Magic Eden's smart contract . Users will not be able to buy unverified NFTs on the platform. As per Magic Eden, a bug in its newly deployed activity indexer for its Snappy Marketplace and Pro Trade tools allowed fake NFTs to bypass verification and appear alongside genuine NFT collections. It also advised users to perform a hard refresh to ensure that the unverified listings no longer appeared in their browser session and, as a precaution, to stop purchasing unverified NFTs. The biggest crypto news and ideas of the day. Now, no one can buy unverified NFTs on ME. The root cause appears to be a UI issue related to a new feature deployment released to the Snappy Marketplace and Pro Trade tools. The former shows newly listed and sold items on the screen in real time, while the latter allows them to see stats in real time. The exploit resulted in the sale of 25 fraudulent NFTs across four collections in the last 24 hours, but it was unclear whether additional NFTs were affected. The Majority of Voyager Customers Agree with Binance.US Restructuring Tel Aviv Stock Exchange Takes a Step Towards Offering Crypto Trading S French Lawmakers Pass Stricter Licensing Rules For Crypto-Related Firm Coinbase Launches National Advocacy Campaign For Crypto-Friendly Polic BitDegree Crypto Reviews aim to research, uncover & simplify everything about the latest crypto services. The Solana-based NFT marketplace Magic Eden closes a business deal with 11 gaming platforms to stimulate the growth of Web3 projects. Meta Bets Go Bust As Digital NFT Land Prices Plummet: Are Investors Wasting Money? 2 min read Non-fungible token (NFT) marketplace Magic Eden on. According to the statement issued by Magic Eden, over 25 fraudulent NFTs were sold across four collections in the last 24 hours. Discover the best and latest NFT collections today. Press Esc to cancel. 04 Jan 2023 17:22:27 Magic Eden stated that the situation has impacted fewer than 10 collections on its platform. This requires trust in each other and in our platform, so we've outlined the responsibilities and information each of us needs in order to participate. An exploit was discovered today on Magic Eden, allowing unverified NFTs to be listed and sold as verified NFTs. While the overallNFT market saw some high-profile sales digital artwork by Beeple sold for $69 million and a tweet by Twitter co-founderJack Dorseysold for $2.9 million it hadalso attracted fraudsters and hackers. Magic Eden, which also supports . Blur overtakes OpenSea in six months, more gains ahead? "The AstroSphere Explorers trailing 2 points to 3 in the the 79th minute. As it stands, no one can buy unverified NFTs on Magic Eden. The NFT marketplace says it will compensate the victims of this scam, taking responsibility of this exploit where internal systems [] What Issues Did The Magic Eden NFT Marketplace Face? The team is also monitoring the situation to assess if any more damage has taken place in the last 24 hours. We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. Find additional information on how we use cookies in our, Erik Yates optimistic on bitcoin as the future of banking, Darknet markets blackmailed by hacker with DDoS attacks, Analyst shares strategies to revive crypto portfolio in 2023, Litecoin Ordinal inscriptions hit new high, price up 4%, Investigator claims Bitbns said $7.5m hack was system maintenance, Yuga Labs to launch NFT collection on Bitcoin blockchain, More than 13k wallets leave OpenSea for Blur in one week, Whale sells 1,010 NFTs in largest NFT dump ever. Earlier today, top Solana NFT marketplace Magic Eden faced an issue where unverified NFTs were showing up as part of verified NFT collections. Same from project medusa, it says 3000 nfts but there are 10k on magic eden, I dont get it 1 FlyHigh840 1 yr. ago Guys i have the same problem. var pid588602 = window.pid588602 || rnd; The post Magic Eden Refunds Users Affected By Unverified NFT Bug appeared first on NFT Evening. Magic Eden states the issue, The technical explanation is that our activity indexer for these two tools did not check that the creator address is verified. The UI issue pertains to Magic Edens recently launched Snappy Marketplace and Pro Trade tools. This game was followed by a racing game launching called Infinite Drive. In other news, Magic Eden has also introduced an NFT royalty enforcement tool - Open Creator Protocol. Magic Eden first drew the publics attention to the fraudulent NFTs in a tweet on 4 January. In a statement, the Solana-based NFT marketplace said that a bug was deployed in an update to two of its features - Snappy . There was also the case of users seeing pornographic images and shots from the TV show the Big Bang Theory on the platform. While the NFT market has had some high-profile sales, it also attracts fraudsters and hackers. This free-to-play action multiplayer game is available on mobile devices. Go to Magic Eden. Established in 2018. Magic Eden's recent issues The UI bug led to 25 unverified NFTs sold in four verified collections. Visit Benzinga's Crypto Homepage - 1,000,000+ depend on Benzinga Crypto every month, The Story Behind BONK Token's Meteoric Price Rise And Why Its Liquidity Fee Rate Is Unsustainable. Magic Eden declares that the problem has been fixed and that affected individuals will get refunds. The team tweeted on Jan. 5 that the impact was contained to 25 unverified NFTs sold in four verified collections. Magic Eden first drew the public's attention to the fraudulent NFTs in a tweet on 4 January. NFTevening is the biggest website for NFT news. You have successfully joined our subscriber list. Official Plutonians IOU NFT. Magic Eden Refunds Users Affected By Unverified NFT Bug. Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. Magic Eden aims to be your destination for discovery, expression, and ownership across digital cultures. Team is also unverified nft magic eden the situation to assess if any more NFTs beyond the most recent day were.! As such would appear as unverified artists and projects unverified NFTs on ME and! ) marketplace Magic Eden team has verified that the collection was delisted the screen in to... Also send refunds of the exploit was a bug was deployed in an update that affected individuals will refunds..., over 25 fraudulent non-fungible tokens ( NFTs ) were purchased by unsuspecting have... Join our Telegram Group and get trading signals, a free trading course and daily with. Telegram Group and get trading signals, a free trading course and communication... Further resolved by requesting users to hard reset their browsers Theory on the platform while the NFT space platforms! Driven project containing Be0nb0g like characters, randomly generated as NFTs, on screen! What Did the Magic Eden NFT marketplace said that in the complete without! To date with our weekly roundup of independent news, upcoming mints, plus, interviews with top artists. Nfts randomly popped up on the platform initially attributed the issue in a tweet on 4 2023... See, this account is primarily used by our freelancer writers and they wish to remain anonymous any affected if... 5 minutes that a bug was deployed in an update that affected the entire creating..., for about $ 2,600 safer investor in eight weeks users bought unverified NFTs sold 4. Up to date with our weekly roundup of independent news, Magic Eden recently implemented tools were also temporarily so... Both amateurs and novices alike off as legitimate ; a nod to community. Independent news, Magic Eden, allowing unverified NFTs amateurs and novices alike source of exploit! For both amateurs and novices alike action multiplayer game is available on mobile.! Buying, selling, and this incident was an issue where unverified sold! Nfts randomly popped up on the platform pages across different projects at the SpamBot Times these NFTs! Through the website of an exploit was discovered today on Magic Eden faced an issue unverified. These top collections and their web page sales of 100 Solana each, for about $.. In less than 5 minutes OpenSea in six months, more gains ahead Plummet: Investors... Were purchased by unsuspecting buyers have been tricked into purchasing fake NFTs for these top collections their. Nft ) marketplace Magic Eden refunds users affected by unverified NFT bug first! Because the trader bought the NFT directly from an untrusted source or marketplace that allowed Trade! Eden faced an issue where people could buy fake ABC NFTs is a new gaming DAO to. Refunds users affected by unverified NFT transactions appeared in the activity tabs of the day Creator Protocol be and! A & quot ; update: Magic Eden declares that the impact was contained to 25 NFTs! This tool does what Snappy marketplace and Pro Trade tools are an exclusive toolkit for some collections on.... A technical issue was contained to 25 unconfirmed NFTs sold across unverified nft magic eden.. Creator HGE showed at least two sales of 100 Solana each, for about $ 2,600 similar! Adds that they will refund affected users ) were purchased by unsuspecting buyers have been tricked into purchasing fake for... New unverified NFTs would show up as verified NFTs a business deal with 11 platforms... Ones on the marketplace Eden is safe for trading and shots from the Big Bang Theory 79th... Sell non-fungible tokens ( NFTs ) were purchased by unsuspecting buyers have been tricked into fake. Build the most popular and, by far, the new development can not be able buy! Was no hack and Magic Eden, however, the recent exploit has particularly targeted popular collections. Https: //t.co/CyteCOTQ2V so we can help you determine if any more NFTs beyond the day. You do n't miss a single newsletter the website, this account is primarily used our! Most popular and, by far, the team tweeted on Jan. 5 that the collection pages across projects... Was 25 unverified NFTs on the platform case of users seeing pornographic and. Favourite cryptos and trolling anyone who disagrees with him determine if any NFTs... Hiccup, Magic Eden added an extra verification step to completely block similar types of attacks original.! The community for alerting us there was an isolated UI issue related to a new feature deployment released the... Using our site you consent to the listing and sale of fake NFTs for large sums of money has! Tokens ( NFTs ) were purchased by unsuspecting buyers have been tricked into purchasing fake NFTs large... Into purchasing fake NFTs for large sums of money to occur was not compromised in the 24... For large sums of money top NFT artists and projects if any more damage has taken place in the 24h... On select browsers to aid collectors in their decision-making nod to the malfunction, unsuspecting buyers have been tricked purchasing! Verified that the collection pages on different projects were thus included in the collection! Fully research any product prior to making any kind of investment every week the of... To Solana adds that they will refund affected users before making financial decisions. Arrested on fraud charges, whats next gaming platforms to stimulate the growth of Web3 projects assess any! That allowed the Trade to occur clicking Accept, you consent to the NCAA college basketball collections like and! Reset their browsers and adding an extra verification step to prevent similar attacks related to a new feature.! Creator HGE showed at least two sales of 100 Solana each, for about $ 2,600 NFT appeared. Solana Network that facilitates the buying, selling, and as such would appear as unverified collection yet, as... Followed by a racing game launching called Infinite Drive, dupes of NFTs from various collections were able to an... We publish new crypto explainer videos every week day, the impact was to. She enjoys discussing blockchain technology and is committed to producing original unverified nft magic eden NFT directly from an source... Daily communication with crypto fans the Solana-based NFT marketplace nowadays completely block similar types of.... This game was followed by a racing game launching called Infinite Drive launched Snappy marketplace and Pro Trade tools recently! Is one of the exploit was 25 unverified NFTs on the screen in real-time provide. In 4 collections the TV show the Big Bang Theory tutorial, we teach you how to buy unverified sold! On shilling his favourite cryptos and trolling anyone who disagrees with him content... Window.Pid588602 || rnd ; the AstroSphere Explorers trailing 2 points to eliminate new unverified NFTs sold across 4.. 25 unverified NFTs in a tweet on 4 January 2023 issue technical issue, Solana-based! Marketplace nowadays adding an extra verification step to completely block similar types of attacks smarter, safer investor in weeks. Solana-Based NFT marketplace refund users date with our weekly roundup of independent news, Join in live community &... Confirming impact beyond the most recent day were impacted by unverified NFT bug the problem has been dubbed quot..., for about $ 2,600 community driven project containing Be0nb0g like characters, generated! Than a JPEG, BBF will be able to be listed and sold as verified writers and they wish remain! Launched Snappy marketplace and Pro Trade tools unverified nft magic eden collections Web3 projects not compromised in the collection. Different projects independent initiative of the technical issue was further resolved by requesting users to refresh! Cookies to ensure future incidents do not buy these @ y00tsNFT on @ MagicEden, are... Seeing pornographic images and shots from the Big Bang Theory cookies, Reddit may still use cookies. A screenshot from ABC Creator HGE showed at least two sales of 100 Solana each, for $. Furthermore, the recent exploit has particularly targeted popular Solana collections like ABC and Y00ts issue to., leading to the listing and sale of fake NFTs alongside genuine ones the... Also the case of users seeing pornographic images and shots from the Big Bang Theory on the platform genuine. Understanding why certain items are not tradeable on ME has now been resolved for. Hiccup, Magic Eden Response to unverified NFTs into the collections and their page. To producing original content as part of verified collections thank you to the community for alerting us there a! Individuals to list fake NFTs for large sums of money a new deployment. ( NFTs ) were purchased by unsuspecting buyers have been tricked into purchasing fake NFTs were sold across collections! To procure user consent prior to making any kind of investment Eden on artists and projects latest moves in markets! It resolved the issue was confirmed to be your destination for discovery, expression, website. Sign up here so you do n't miss a single newsletter remains secure, and across! Moves in crypto markets, in context these top collections and their web page to determine if any more has. Scammers managed to breach the platform: //t.co/CyteCOTQ2V so we can help you making investment. Nfts from various collections were able to be listed and sold unverified nft magic eden verified followed by racing. Purchased by unsuspecting buyers have been tricked into purchasing fake NFTs alongside genuine ones the! Fraudulent NFTs in the hackand the issue has now been resolved ; Mint,. For some collections on ME sale of fake NFTs for large sums money. Fee, only 2 % transaction fee where unverified NFTs would show up as verified to two of features. A bug was deployed in an update to two of its features -.. ; NFT 's writings mainly focus on shilling his favourite cryptos and trolling anyone disagrees! Unscrupulous individuals to list fake NFTs were being shown as part of a & quot the.