{"id":535354,"date":"2023-01-05T05:49:02","date_gmt":"2023-01-05T02:49:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/magic-eden-to-refund-users-after-25-fake-nfts-sold-due-to-exploit\/"},"modified":"2023-01-05T05:49:02","modified_gmt":"2023-01-05T02:49:02","slug":"magic-eden-to-refund-users-after-25-fake-nfts-sold-due-to-exploit","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/magic-eden-to-refund-users-after-25-fake-nfts-sold-due-to-exploit\/","title":{"rendered":"# Magic Eden to refund users after 25 fake NFTs sold due to exploit"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a279d830443a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a279d830443a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/magic-eden-to-refund-users-after-25-fake-nfts-sold-due-to-exploit\/#%E2%80%9D_Magic_Eden_to_refund_users_after_25_fake_NFTs_sold_due_to_exploit_%E2%80%9C\" >&#8221; Magic Eden to refund users after 25 fake NFTs sold due to exploit  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Magic_Eden_to_refund_users_after_25_fake_NFTs_sold_due_to_exploit_%E2%80%9C\"><\/span>&#8221; Magic Eden to refund users after 25 fake NFTs sold due to exploit  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvZTQ3MTU4OWUtNTEzYy00YzljLWE3MzEtMWE1MzcwNjhjZDVmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-6ed77c39>Nonfungible token (NFT) marketplace Magic Eden has pledged to refund all users who were duped into purchasing fake NFTs on its website as a result of an exploit.<\/p>\n<p>In a Jan. 4 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/help.magiceden.io\/en\/articles\/6868809-magic-eden-response-to-unverified-nfts-reports\">statement<\/a>, the company said a bug in its newly deployed &#8220;activity indexer&#8221; for its Sn<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>y Marketplace and Pro Trade tools essentially allowed fake NFTs to skirt verification and get listed alongside genuine NFT collections.\u00a0<\/p>\n<p>Magic Eden said the exploit led to 25 fraudulent NFTs sold across four collections in the last 24 hours but is currently confirming whether additional NFTs were affected beyond the last day.<\/p>\n<p>Two of the affected projects were the high-priced and popular Solana-based collections ABC and y00ts.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Do not buy these <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/y00tsNFT?ref_src=twsrc%5Etfw\">@y00tsNFT<\/a> on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MagicEden?ref_src=twsrc%5Etfw\">@MagicEden<\/a>, they are fake! <\/p>\n<p>Basically, every single collection is fake on Magiceden,  a massive exploit is happening ongoing.<\/p>\n<p>High-value NFTs are suffering the most, as attackers choose to exploit higher-value NFTs first. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/35RYHOKVxd\">pic.twitter.com\/35RYHOKVxd<\/a><\/p>\n<p>\u2014 HGE.SOL \u200d\u2642\ufe0f (@HGESOL) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/HGESOL\/status\/1610672172397207554?ref_src=twsrc%5Etfw\">January 4, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The NFT platform said it has rectified the issue by temporarily disabling both tools and eliminating the \u201centry points\u201d that allowed unverified NFTs to get through.<\/p>\n<p>It also asked users to perform a \u201chard refresh\u201d to ensure the unverified listings no longer show up on their browser session and shut down the purchase of unverified NFTs as a precaution.<\/p>\n<p>\u201cMagic Eden is safe for trading and we will refund all the users who mistakenly bought unverified NFTs specifically due to this issue,\u201d it wrote. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Earlier today, unverified NFTs were being shown as part of verified collections on ME. In the last day, impact was contained to 25 unverified NFTs sold in 4 collections.<\/p>\n<p>We&#8217;ve resolved the issue and will refund those affected. Now, no one can buy unverified NFTs on ME.<\/p>\n<p>\u2014 Magic Eden  (@MagicEden) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MagicEden\/status\/1610748516749705216?ref_src=twsrc%5Etfw\">January 4, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Magic Eden first <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MagicEden\/status\/1610659356693106696\">raised<\/a> the alarm over the fraudulent NFTs in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> post on Jan. 4, citing community reports that people were able to buy fake ABC NFTs. At the time, it said it added \u201cverification layers\u201d in an attempt to resolve the issue.<\/p>\n<p>After the announcement, Twitter users continued to sound the alarm on fake y00ts NFTs pervading the platform. A screenshot from ABC creator \u201cHGE\u201d showed at least two sales worth 100 Solana (SOL) each, a total amount of around $2,600.<\/p>\n<p>DeGods, the creator of y00ts, also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/degodsnft\/status\/1610688120894197760\">tweeted<\/a> to its followers that there was an exploit on Magic Eden that allowed unverified NFTs to be listed as part of the collection.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There is currently an exploit on Magic Eden allowing for unverified NFT\u2019s to be listed as part of the collection <\/p>\n<p>You can verify if an NFT is part of the collection on our explore page linked below<\/p>\n<p>If it\u2019s not in our explorer, it\u2019s not our NFT<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/c4HKIJJD1n\">https:\/\/t.co\/c4HKIJJD1n<\/a><\/p>\n<p>\u2014 DeGods III (@DeGodsNFT) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DeGodsNFT\/status\/1610688120894197760?ref_src=twsrc%5Etfw\">January 4, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The latest exploit is now the second incident that users of Magic Eden has had to go through this week.<\/p>\n<p>On Jan. 3, the marketplace was littered with pornographic images and images from the television <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> The Big Bang Theory.<\/p>\n<p><strong><em>Related: \u200b\u200b<\/em><\/strong><strong><em>NFT influencer falls victim to cyberattack, loses $300K+ CryptoPunks<\/em><\/strong><\/p>\n<p>Magic Eden said a third-party image hosting provider was \u201ccompromised\u201d leading to the \u201cunsavory images\u201d and assured users their NFTs were safe.<\/p>\n<p><em>Cointelegraph contacted Magic Eden for comment but did not immediately receive a response.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/magic-eden-to-refund-users-after-25-fake-nfts-sold-due-to-exploit\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Magic Eden to refund users after 25 fake NFTs sold due to exploit &#8220; Nonfungible token (NFT) marketplace Magic Eden has pledged to refund all users who were duped into purchasing fake NFTs on its website as a result of an exploit. In a Jan. 4 statement, the company said a bug in its&#8230;<\/p>\n","protected":false},"author":1,"featured_media":535355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/e471589e-513c-4c9c-a731-1a537068cd5f.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[95118,92498,74892,71006,86389,71101],"class_list":["post-535354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-nft","tag-solana","tag-tokens","tag-fraud","tag-marketplace","tag-scams"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/535354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=535354"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/535354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/535355"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=535354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=535354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=535354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}