• Latest
  • Trending

NFT Marketplace Magic Eden Pledges to Refund Users Who Were Sold Fake NFTs in ‘Massive Exploit’

January 26, 2023

Ethereum Bearish Signal Reappears After Five Years To Threaten ETH’s Price

September 21, 2023

Ethereum: Should holders be worried as ICO participants move their ETH

September 21, 2023

Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate

September 21, 2023

Report Says Ethereum Is Trading Well Below Fair Value, What’s The Correct Figure?

September 20, 2023

How staked Ethereum reached its single-day high since July

September 20, 2023

Grayscale Takes New Approach As It Files For Another Ethereum Futures ETF

September 20, 2023

Chilean Drug Trafficking Ring Was Also Mining Bitcoin: Report

September 21, 2023

Crypto Mining Market Poised for Rapid Growth to $5 Billion by 2032: Reports

September 20, 2023

Solana set to become Ethereum’s L2 saving grace – How?

September 20, 2023

One Mining Pool Controls 53% Of Zcash Hashrate

September 20, 2023

Ethereum’s network sputters: What now?

September 20, 2023

Tron edges over Ethereum: What it means for you

September 20, 2023
Retail
Thursday, September 21, 2023
  • Home
  • Learn About Crypto

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Bitcoin

    Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness

    Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

    Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

    California Approves Major Bitcoin Regulation As BTC Looks At $28K

    Bitcoin Mining Made Easier, Could This Be A Game Changer

    Funding Rates Return To Neutral Following Bitcoin Relief Rally

    Bitcoin NUPL Shows Average Holder Back In Profit, But For How Long?

    Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This?

    Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

  • Ethereum

    Ethereum Bearish Signal Reappears After Five Years To Threaten ETH’s Price

    Ethereum: Should holders be worried as ICO participants move their ETH

    Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate

    Report Says Ethereum Is Trading Well Below Fair Value, What’s The Correct Figure?

    How staked Ethereum reached its single-day high since July

    Grayscale Takes New Approach As It Files For Another Ethereum Futures ETF

    Solana set to become Ethereum’s L2 saving grace – How?

    Ethereum’s network sputters: What now?

    Tron edges over Ethereum: What it means for you

  • NFT

    Italian Luxury Brand Panerai to Include NFT-Based “Digital Passport” with All Watches

    Animoca Brands Secures $20M Funding to Drive Ambitious Mocaverse Metaverse Project – NFT’s Making a Comeback?

    Casio the Latest Japanese Firm to Enter NFT Arena

    Axident’s NFTs Turn Justin Bieber’s ‘Company’ Into a Royalty Investment, 350 Minted in 2 Minutes

    Convicted Ex-OpenSea Manager Chooses to Serve Jail Time Amid Pending Appeal

    Activewear and Luxury Brands Embrace Web3 Innovation

    Sports Platform Sorare Unveils 3D Digital Football Player Cards with AR Integration, Launches Virtual Treasure Hunt

    China Unveils New Crypto Game ‘MetaCene’ to Revive Crypto Gaming Scene

    Adidas Unveils NFT Artist Residency with Plans for Physical Collaborations

  • Altcoins

    What’s in store for BAT holders- Resistance zone or sell-pressure

    Decoding the reason behind falling cryptocurrency related stocks

    ZCash: Amid a bearish divergence, here’s where you can expect a pullback

    Payments Firm Stripe Adds Crypto Support For Twitter

    TRON at a pocket of demand; should investors take profit or HODL

    Top Privacy Coins Blaze Past Bitcoin This Week, Here’s Why

    THETA, Terra, FTX Token Price Analysis: 22 April

    Tron (TRX) Is Pumping Amid A Crypto Crash, Here’s Why

    Report: With over $47 billion in ‘realized’ crypto gains, this nation leads the pack

  • Mining

    Chilean Drug Trafficking Ring Was Also Mining Bitcoin: Report

    Crypto Mining Market Poised for Rapid Growth to $5 Billion by 2032: Reports

    One Mining Pool Controls 53% Of Zcash Hashrate

    Coinbase takes precautions as mining pool captures half of Zcash hash rate

    ‘Lack of Finality’ — Single Mining Pool Commands 53% of Zcash’s Hashrate

    Microbt Plans to Launch Next-Gen Bitcoin Mining Machine With 1X Efficiency Rating

    Is It More Profitable Than Buying Bitcoin?

    How Bitcoin miners can survive a hostile market

    Record Difficulty and Hashrate Peaks Define September 2023

  • Financial News

    Inflation Could Squeeze Dollar Stores, Too

    Dollar General, Occidental Petroleum, Guess and more

    Courtroom Drama Clouds Post-Covid-19 Recovery for Regal Cinemas’ Owner

    Mortgage Rates Top 4% for the First Time Since 2019

    Dollar General, Accenture, Warby Parker and others

    China’s Housing Market Needs More Than Talk From Beijing

    Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

    Netflix Will Be Sticking to Its Script

    New Gig Surcharges Are Hardly a Gas

  • Market Cap
No Result
View All Result
What's Up Market
No Result
View All Result

NFT Marketplace Magic Eden Pledges to Refund Users Who Were Sold Fake NFTs in ‘Massive Exploit’

January 26, 2023
in NFT
0 0
0
Supply: AdobeStock / momius

Non-fungible token (NFT) market Magic Eden stated that it might refund all customers affected by an exploit that concerned the sale of faux NFTs that had been handed off as being a part of verified collections. 

On the morning of January 4 (PT time), {the marketplace} crew noticed “a handful” of reviews saying that customers had been being proven unverified NFTs as a part of verified collections on Magic Eden, said the announcement.

YOU MAY ALSO LIKE

Italian Luxury Brand Panerai to Include NFT-Based “Digital Passport” with All Watches

Animoca Brands Secures $20M Funding to Drive Ambitious Mocaverse Metaverse Project – NFT’s Making a Comeback?

The incident affected common collections akin to ABC and y00ts. ABC creator HGE described this as ‘a large exploit’ affecting high-value NFTs. 

HGE referred to as for the location to be paused, saying: “I do know quantity is necessary however restrict the harm first. Ensure the exploit is stopped, like actually ensure of it.”

The crew got here out to state that,

“We’ve recognized within the final 24 hours, the impression was contained to 25 unverified NFTs offered throughout 4 collections.” 

The unverified NFTs confirmed up on the gathering pages, they defined, whereas transactions of unverified NFTs might be seen within the exercise tabs of the collections. 

That stated, the announcement claimed that the problem is resolved, that the crew is at the moment checking if any further NFTs had been affected, and that customers will likely be compensated, stating: 

“Magic Eden is protected for buying and selling and we are going to refund all of the customers who mistakenly purchased unverified NFTs particularly because of this situation.”

Magic Eden additionally communicated with the customers concerning the situation through their social media accounts.

Thanks to the group for bringing this situation to our consideration & on your endurance. We solved the basis situation round 5 am PT right this moment. We subsequently reminded customers to exhausting refresh their browsers & added safety measures to make sure unverified NFTs can now not be purchased on ME.

— Magic Eden 🪄 (@MagicEden) January 4, 2023

However per some, this wasn’t sufficient. HGE argued that that is really not a brand new incident however was simply beforehand finished on a smaller scale, and that the location should not have been operating whereas the exploit was lively.

What occurred?

The announcement stated that this was a person interface (UI) situation that occurred because of a brand new function launched to {the marketplace}’s Snappy Market and Professional Commerce instruments. Whereas the previous enabled customers to see newly listed and offered gadgets on Magic Eden straight on the display screen in actual time, the latter allowed them to see newly listed and offered gadgets in actual time with varied stats. 

Nonetheless, stated the announcement,

“Sadly, there was a bug deployed in an replace to each of those options, the place NFTs weren’t verified earlier than being listed into these two instruments, which routinely included the gadgets into the gathering at massive. The technical clarification is that our exercise indexer for these two instruments didn’t verify that the creator handle is verified.”

They confused that Magic Eden’s sensible contract is safe, and this was “an remoted UI situation.”

The crew took a collection of steps to resolve the problem, including a further verification step to fully block related sorts of assaults, they stated.

In the meantime, Metaplex, which created the Solana (SOL) token commonplace that defines the performance of NFTs, said that the problem was not associated to their protocol and supplied help to Magic Eden.

____

Be taught extra: 
– Finish Consumer Scams and Phishing Assaults in Web3: Are They Being Underreported?
– CEO of Binance Warns Customers About New Hack Concentrating on Cryptocurrency Trade

– Ex-President Donald Trump’s NFT Assortment Receives Backlash After Customers Spot Photoshop Errors
– Coinbase Disables NFT Buying and selling on Pockets Because of Apple’s App Retailer Insurance policies – Right here’s What Occurred

– $62M in Crypto Stolen in December
– Scammers Impersonate the US Division of State



Source link

Tags: EdenexploitFakemagicMarketplacemassiveNFTNFTspledgesRefundSoldusers
ShareTweetShare

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Ethereum Bearish Signal Reappears After Five Years To Threaten ETH’s Price

September 21, 2023

Ethereum: Should holders be worried as ICO participants move their ETH

September 21, 2023

Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate

September 21, 2023

About Us

The website strives to educate individuals in making wise choices about Cryptocurrencies, Mining, Financial Market, and more.

Recent News

  • Ethereum Bearish Signal Reappears After Five Years To Threaten ETH’s Price
  • Ethereum: Should holders be worried as ICO participants move their ETH
  • Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate

Newsletter

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2022 whatsupmarket - All rights reserved

No Result
View All Result
  • Home
  • Learn About Crypto
  • Bitcoin
  • Ethereum
  • NFT
  • Altcoins
  • Mining
  • Financial News
  • Market Cap

© 2022 whatsupmarket - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183336-4.61%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%
  • B20B20(B20)$0.4507925.62%