Security
MAGIC (MAGIC): Whitehat Rescue Saves 23,155 NFTs Worth $5.7M in Magic Eden Exploit
COINOTAG·September 25, 2026·1 min read
A Payment Processor V2 exploit exposed old Magic Eden listings. Whitehats rescued 23,155 NFTs worth over $5.7 million, though 660 WETH was lost. The incident highlights vulnerabilities in NFT marketplaces and the importance of whitehat interventions to mitigate damage. Users are advised to review their listings and revoke approvals.
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