Magic Eden to refund users who bought fake NFTs via its platform

Top Solana (SOL) NFT marketplace Magic Eden has promised to refund users who mistakenly bought unverified NFTs from its platform, according to a Jan. 4 statement.

Several users of the NFT marketplace reported that scammers passed disconnected fake NFTs arsenic portion of fashionable collections similar y00ts and ABC and sold them for hundreds of dollars.

On-chain data shows that the hacker made astir 540 SOL ($7,100) from the exploit.

NFT collections corroborate exploit

The incidental was confirmed by the creator of the ABC NFTs HGE, who said respective high-value NFTs suffered the astir from the exploit.

Another NFT postulation DeGods urged its assemblage to verify if an NFT is portion of its postulation connected its website earlier purchasing.

Magic Eden’s response

In its Jan. 4 statement, Magic Eden responded that it had fixed the problem. According to the marketplace, users indispensable hard refresh their browsers to presumption verified NFT postulation items.

The level said the exploit affected lone 4 NFT collections from which users bought 25 NFTs. The study attributed the occupation to a UI contented caused by a caller diagnostic released to Snappy Marketplace and Pro Trade tools. Magic Eden wrote:

“Unfortunately, determination was a bug deployed successful an update to some of these features, wherever NFTs were not verified earlier being listed into these 2 tools.”

Magic Eden promised to refund users who bought the fake NFTs, adding that it is trying to find if different collections were affected.

Earlier successful the week, pornographic images and stills from Big Bang Theory popped up connected the NFT marketplace. At the time, the level said a third-party work supplier it uses for cache images was compromised.

Despite these caller challenges, Magic Eden remains the apical Solana NFT marketplace. DappRadar data shows that its trading measurement successful the past 24 hours was $4.56 million, up of different competitors similar OpenSea and Solanart.

The station Magic Eden to refund users who bought fake NFTs via its platform appeared archetypal connected CryptoSlate.