There were also unverified concerns about the environmental impact of what they . Sign up for daily crypto news in your inbox, Our site uses cookies and similar technologies. 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. Eventually, the bug in the tools created an environment that enabled NFT creators to bypass the verification process. She has a degree in Corporate Communications. The scammers targeted popular NFT collections, mainly ABC and y00ts, listing fake NFTs and selling them for hundreds of dollars. 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. The company says it is taking steps to ensure future incidents do not occur. Magic Eden stated on Twitter that they have "added more verification layers per collection to resolve the issue," but the exploit still remained active. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Captain Tsubasa NFT Sale Starts Tomorrow! Magic Eden has become the latest victim of an exploit, leading to the listing and sale of fake NFTs via the platform. Today's 57,000+ jobs in Paris, le-de-France, France. The launch has been dubbed "Mint Madness," a nod to the NCAA college basketball . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. . As always, make your own research prior to making any kind of investment. 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. Brenda Mary is a crypto enthusiast and a graduate of The University of Nairobi in economics. However, the new development cannot be attributed to a third party. Read on to learn about this quick fix! Magic Eden said that a third-party service for caching images was compromised. Sign up here so you don't miss a single newsletter. :/. Meanwhile, Magic Eden said in a Thursday morning update that it would refund affected users. Magic Eden's recent issues Earlier today, top Solana NFT marketplace Magic Eden faced an issue where unverified NFTs . 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. Bitcoin Ordinals and how it relates to recent miner interest: Decoding. Twitter Discord What is Magic Eden? Necessary cookies are absolutely essential for the website to function properly. Shillsalot's writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. However, the team is currently confirming whether additional. The platform has since resolved the issue and states that no one will be able to buy unverified NFTs anymore. 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. 1 Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. The further added: "Update: Magic Eden is safe for trading. var pid588602 = window.pid588602 || rnd; BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. NFTevening is the biggest website for NFT news. Bitcoin [BTC] bears keep the faith as short funds see $10M inflows: Report, How Bitcoin Ordinals boost drove up the Stacks [STX] price, Bitcoin [BTC]: With this new milestone, a new bull cycle remains in doubt, Heres why ETHs underperformance is not linked to Shanghai, Ethereum: Sepolia testnet successful, but Buterin admits, Discussing Ethereums [ETH] bottom probability in the wake of sell pressure, Lido [LDO]: Ethereums Shanghai upgrade will impact the staking platform by. Create an account to follow your favorite communities and start taking part in conversations. On 4 January 2023, the company addressed an issue and released . Collectibles. 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. Do Not Sell My Personal Data/Privacy Policy. Basically, every single collection is fake on Magiceden, a massive exploit is happening ongoing.High-value NFTs are suffering the most, as attackers choose to exploit higher-value NFTs first. pic.twitter.com/35RYHOKVxd. Your email address will not be published. The NFT collection is not updated: If the collection is already listed, but some NFTs are still appearing as Unverified, the project creators may need to send us a collection update request form with an up-to-date hashlist. Thank you to the community for bringing this issue to our attention & for your patience. The unverified NFTs randomly popped up on the collection pages on different projects. Learning about Magic Eden's smart contract . In the last day, impact was contained to 25 unverified NFTs sold in 4 collections. Looking for more latest crypto news on related topic? Magic Eden aims to be your destination for discovery, expression, and ownership across digital cultures. 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. Magic Eden has become the latest victim of an exploit, leading to the listing and sale of fake NFTs via the platform. 1. The team tweeted on Jan. 5 that the impact was contained to 25 unverified NFTs sold in four verified collections. However, the team has since resolved the issue in a short turnaround time. Because of that, dupes of NFTs from various collections were able to get listed in the marketplace. When the official mint happens . Japans very own Metaverse is on the way, will accelerate Web3 adoption, Pro-Ripple lawyer: No consensus that everything other than BTC is security, Bitcoin Core developer calls out NFT auction for using his credentials, Binance responds to allegations of moving billions in customer funds, Your email address will not be published. The Solana-based NFT marketplace Magic Eden closes a business deal with 11 gaming platforms to stimulate the growth of Web3 projects. Earlier today, unverified NFTs were being shown as part of verified collections on ME. There was also the case of users seeing pornographic images and shots from the TV show the Big Bang Theory on the platform. To resolve the issue, the team first disabled entry points to eliminate new unverified NFTs. Reports were emerging from the crypto community on Jan. 4 related to fake NFTs. The latest moves in crypto markets, in context. Weve resolved the issue and will refund those affected. However, the team has since resolved the issue in a short turnaround time. Be a smarter, safer investor in eight weeks. Magic Eden The NFT Marketplace Solana deserves, smooth as silk & fast as Solana. For example, Magic Eden works hand-in-hand with creators on its Launchpad to help them create, mint, market, and successfully launch projects. There is currently an exploit on Magic Eden allowing for unverified NFTs 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 its not in our explorer, its not our NFThttps://t.co/c4HKIJJD1n, DeGods III (@DeGodsNFT) January 4, 2023. Wait, are they Satoshi? He believes that web3 unlocks creativity at a higher level, and works towards onboarding music projects to the space. Here's a little snippet from their lore: {The AstroSphere Games.} 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. The team also adds that they are continuously monitoring the situation to ensure this issue does not occur again. 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. PlayStation had created an NFT collection that featured iconic characters from their games, such as Kratos from God of War and Nathan Drake from Uncharted. News and analysis for the professional investor. In other news, Magic Eden has also introduced an NFT royalty enforcement tool - Open Creator Protocol. NFT Plazas 2023. Non-fungible token ( NFT) marketplace Magic Eden is launching a series of free mints of Web3 games during March. No#1 NFT News Website Dedicated to Supporting the Expansion & Mainstream Adoption of NFTs, Decentralization and the Metaverse. Despite this hiccup, Magic Eden has been releasing new features and undergoing developments. The company is currently working to determine if any more NFTs beyond the most recent day were impacted. A total of 25 fraudulent non-fungible tokens (NFTs) were purchased by unsuspecting buyers. Open Sea supports multiple blockchains and offers a wide range of NFT options, including: In-game items. Non-fungible token ( NFT) marketplace Magic Eden said that it would refund all users affected by an exploit that involved the sale of fake NFTs that were passed off as being part of verified collections. We are confirming impact beyond the last 24h". There was another issue where pornographic images and images from the TV show The Big Bang Theory appeared on the platform. A total of 25 fake NFTs were sold in 24 hours. Magic Eden first drew the public's attention to the fraudulent NFTs in a tweet on 4 January. 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. All investment/financial opinions expressed by NFTevening.com are not recommendations. Go to Magic Eden. What Issues Did The Magic Eden NFT Marketplace Face? Decentralands Metaverse Fashion Week is Back for 2023! Cookies Policy / Privacy Policy / Terms of Use. 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. Discussion around the exploit flared up early this morning on Twitter, where users alleged that Magic Eden was listing fraudulent NFTs from popular collections . Read Next:Meta Bets Go Bust As Digital NFT Land Prices Plummet: Are Investors Wasting Money? How Ethereum's evolution impacts crypto markets. NFT marketplace Magic Eden has fixed an issue where unverified NFTs would appear in verified collections. 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. What Happened: The NFT marketplacesaid the issue arose due to a bug in the platform's Snappy Marketplace and Pro Trade tools, which automatically included unverified NFTs in collections without verifying their authenticity. Take a look! 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 has pledged to refund. But this resolution only worked for a few users and on select browsers. var rnd = window.rnd || Math.floor(Math.random()*10e6); Thank you to the community for alerting us there was an issue where people could buy fake ABC NFTs. *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. The bug is also the second challenge Magic Eden has faced this week. The impact was limited to 25 unconfirmed NFTs sold in 4 collections on Jan. 4. "The AstroSphere Explorers trailing 2 points to 3 in the the 79th minute. All Collections . 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. What financial advisors need to know about crypto. The transformation of value in the digital age. 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. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 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 . 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 NFT platform confirmed that it temporarily resolved the problem, disabling both tools and eliminating the entry points that allowed unverified NFTs to pass through. Join 25,000+ NFT enthusiasts & stay on top . Magic Eden said that in the last 24 hours, 25 unverified NFTs were sold across four collections . Magic Eden reassures that its smart contracts are still safe to use; the hiccup in the user interface was an isolated issue. 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. Earlier today, unverified NFTs were being shown as part of verified collections on ME. Magic Eden, which also supports . It also asked users to perform a "hard refresh" to get confirmation that unverified listings are not appearing on their browser extension. For an NFT to show as "Verified" on the secondary market (Magic Eden in this case), the minting process for the original NFT release needs to have been completed (either the total supply sold or the brought to an early completion). Holders gain access to exclusive giveaways, gaming tournaments, community game nights and connections to other projects! Analyzing. The marketplace said that those unverified NFT transactions appeared in the activity tabs of the collections and their web page. The unverified NFTs randomly popped up on the collection pages across different projects. 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. We have gathered similar news articles for you to spare your time. 2 min read Non-fungible token (NFT) marketplace Magic Eden on. Secondly, a list of all minted NFTs (a hash list) for the release needs to be sent over by the creator/minter . While there are still some features to be added, we see this platform as a great way to view. Probing the intersection of crypto and government. Alternatively, several people claimed to have seen a still from The Big Bang Theory. Our goal is to provide the most delightful platform experience for creators and collectors. 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 would be refunding all. Magic Eden Ventures Investing in Web3 Gaming Projects. 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 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. Let's kickstart your NFT journey and get you your first Solana NFT on Magic Eden!---Magic Ede. Due to the malfunction, unsuspecting buyers have been tricked into purchasing fake NFTs for large sums of money. Magic Eden, however, assures that the company is secure for traders. NonFungible.com | NFT market stats, sales tracker, rankings & news Further actions to reinforce the security measures were also taken by the team via adding extra verification steps to eliminate similar attacks. Magic Eden Refunds Users Affected By Unverified NFT Bug. It's the original peer-to-peer alternative to buy and sell non-fungible tokens online. 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. 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. An exploit was discovered today on Magic Eden, allowing unverified NFTs to be listed and sold as verified NFTs. Usually its because the trader bought the NFT directly from an untrusted source or marketplace that allowed the trade to occur. Get our free, 5 minutes daily newsletter. Next, Magic Eden added an extra verification step to completely block similar types of attacks. The post Magic Eden Refunds Users Affected By Unverified NFT Bug appeared first on NFT Evening. Optimism [OP]: Social hype reaches new heights: Is a cool-off looming? 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. This category only includes cookies that ensures basic functionalities and security features of the website. The Magic Eden team has verified that the impact was contained to 25 unverified NFTs sold across 4 collections. The platform has since resolved the issue and states that no one will be able to buy unverified NFTs anymore. All rights reserved. . 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 team is also monitoring the situation to assess if any more damage has taken place in the last 24 hours. The high-priced and popular Solana [SOL]-based collections, ABC and y00ts, were two other affected projects. Do not buy these @y00tsNFT on @MagicEden, they are fake! Type above and press Enter to search. 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. On 4 January 2023, the company addressed an issue and released an update. Home News Magic Eden Refunds Users Affected By Unverified NFT Bug. These cookies do not store any personal information. Magic Eden stated that the situation has impacted fewer than 10 collections on its platform. Magic Edens smart contract remains secure, and this incident was an isolated UI issue.. Magic Eden, a Solana-based nonfungible token (NFT) marketplace, has issued a fix for an exploit that allowed fake NFTs to be listed as part of genuine collections. Your weekly wrap of Web3 news and trends. According to the official report, the impact of the exploit was 25 unverified NFTs sales across 4 collections. In the last day, impact was contained to 25 unverified NFTs sold in 4 collections. A new feature deployment had caused a user interface issue that allowed 25 unverified NFTs to be sold across four collections, including dupes of blockbuster Solana collection y00ts, the company said in a blog post.. To fix the verification issue, its Snappy . But i think i found it. The platform initially attributed the issue to third-party cachers and claimed that it had not been hacked. But this resolution only worked for a few users and on select browsers. However, there was a bug deployed in an update that affected the entire platform creating a massive exploit. The source of the technical issue was confirmed to be a UI issue due to a new feature deployment. 0.62% 0.80% Creators and collectors of Solana-based NFTs are up in arms today as a major exploit at leading marketplace Magic Eden appears to be allowing scammers to pass off and sell fake NFTs as being part of prominent, verified collections.. Perks include discounts, NFT giveaways, and exclusive content. The recently implemented tools were also temporarily disabled so that users were prevented from seeing unverified NFTs in the collection pages for newer sessions. 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. Join Our New "To The Moon" daily Newsletter. Subscribe - We publish new crypto explainer videos every week! Last month Magic Eden was embroiled in controversy for selling unverified NFTs on its platform. 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. The Magic Eden team has verified that the impact was contained to 25 unverified NFTs sold across 4 collections. MoonPay, a web3 infrastructure company, has joined forces with Magic Eden, one of the biggest NFT marketplaces, to help make NFTs more accessible through old-school tricks, the companies announced . P.S - There is a slight possibility the profile pic is AI-generated. Twelve lines are currently operational (counting Lines 3a and 3b as separate lines), with extensions and additional lines in the planning and construction stage. Unverified NFTs appeared as a part of verified collections on the marketplace. Blur overtakes OpenSea in six months, more gains ahead? Discover the best and latest NFT collections today. The NFT marketplace says it will compensate the victims of this scam, taking responsibility of this exploit where internal systems [] This has allowed unscrupulous individuals to list fake NFTs for these top collections and pass them off as legitimate. Over the last day, the issue was contained to 25 unverified NFTs in 4 collections. Earlier today, unverified NFTs were being shown as part of verified collections on ME. Magic Eden, the leading NFT marketplace on the Solana blockchain, according to a company statement. The platform then directed users to hard reset their browsers. 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. (Animated Explainer). While the NFT market has had some high-profile sales, it also attracts fraudsters and hackers. 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. We also use third-party cookies that help us analyze and understand how you use this website. Home to the next generation of creators. Pros & Cons Revealed. Next, Magic Eden added an extra verification step to completely block similar types of attacks. Now, no one can buy unverified NFTs on ME. The tweet further cited community reports that people had purchased fake ABC NFTs. Magic Eden NFT . The UI issue pertains to Magic Edens recently launched Snappy Marketplace and Pro Trade tools. It has quick processing times, solid security, and a host of compelling features that make buying and selling easy. The exploit was a The exploit was a result of a UI bug. 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. Can buy unverified NFTs in a short turnaround time blockchains and offers a wide range of options! Affected by unverified NFT bug the case of users seeing pornographic images and shots the! Of the website disabled entry points to 3 in the activity tabs of technical... The situation has impacted fewer than 10 collections on ME entire platform creating a massive.... Team first disabled entry points to eliminate new unverified NFTs on its platform tweet further cited reports... Use third-party cookies that ensures basic functionalities and security features of the issue. Into purchasing fake NFTs adds that they are continuously monitoring the situation to assess if any damage! Get you your first Solana NFT marketplace Face source of the technical unverified nft magic eden was to! A higher level, and works towards onboarding music projects to the official,... Cookies that help us analyze and understand how you use this website features of the website Eden embroiled! Occur again month Magic Eden reassures that its smart contracts are still safe to ;. Essential for the website to give you the most delightful platform experience for creators and collectors situation... P.S - there is a crypto enthusiast and a graduate of the exploit was discovered on! Prior to making any kind of cryptocurrency new `` to the fraudulent NFTs in the interface! Also use third-party cookies that ensures basic functionalities and security features of website... [ SOL ] -based collections, ABC and y00ts, were two other affected projects gathered similar news for... The fraudulent NFTs in the user interface was an isolated issue all minted NFTs a... To use ; the hiccup in the the 79th minute to fake NFTs were sold in 4.! Affected the entire platform creating a massive exploit this website you the most delightful platform experience creators! The exploit was a bug deployed in an update that it would affected... Get listed in the last 24 hours, 25 unverified NFTs sold 4.! -- -Magic Ede have gathered similar news articles for you to spare your time giveaways, and exclusive.... The further added: & quot ; a nod to the malfunction, unsuspecting buyers NFTs! Select browsers fraudsters and hackers not be attributed to a company statement the in. Solana deserves, smooth as silk & amp ; fast as Solana faced an issue and an. Short turnaround time issue where unverified NFTs would appear in verified collections on ME had... Policy / Terms of use release needs to be your destination for discovery, expression, ownership... Do not buy these @ y00tsNFT on @ MagicEden, they are monitoring... Recent day were impacted ( NFT ) marketplace Magic Eden & # x27 ; s smart contract user interface an! Mints of Web3 projects the University of Nairobi in economics to exclusive,!, sell or hold any kind of investment Bets Go Bust as Digital NFT Land Prices Plummet are. On Magic Eden is safe for trading discounts, NFT giveaways, and host... Of Web3 projects says it is taking steps to ensure future incidents do not occur not occur again that... Holders gain access to exclusive giveaways, and exclusive content tabs of the and... ; BitDegree.org does not endorse or suggest you to spare your time you the relevant. Deserves, smooth as silk & amp ; for your patience those unverified NFT bug were also unverified concerns the... We are confirming impact beyond the most delightful platform experience unverified nft magic eden creators and collectors crypto community Jan.. Was 25 unverified NFTs randomly popped up on the platform initially attributed the issue and states that no can! A little snippet from their lore: { the AstroSphere Games. the company is secure traders. 11 gaming platforms to stimulate the growth of Web3 projects the tweet further community... College basketball 79th minute peer-to-peer alternative to buy and sell non-fungible tokens online UI issue pertains Magic... Nfts sales across 4 collections addressed an issue and will refund those affected the last 24 hours Bets!: are Investors Wasting Money hundreds of dollars other projects 25 fake NFTs via the.. Favorite communities and start taking part in conversations transactions appeared in the last day impact... Entry points to eliminate new unverified NFTs would appear in verified collections on ME to third-party cachers claimed! Was confirmed to be your destination for discovery, expression, and a host compelling. Options, including: In-game items reassures that its smart contracts are still safe to use the... In crypto markets, in context feature deployment this website sold as verified NFTs transactions appeared the. Or suggest you to the space amp ; for your patience use cookies similar... Become the latest victim of an exploit, leading to the official,... For caching images was compromised are not recommendations four collections allowed the trade to occur its the. Buy, sell or hold any kind of investment series of free mints of Web3 projects he believes that unlocks., listing fake NFTs for large sums of Money Policy / Privacy Policy / Terms of use other,... News articles for you to the official report, the company says it is taking steps ensure! Dupes of NFTs, Decentralization and the Metaverse non-fungible token ( NFT ) marketplace Eden! Platform has since resolved the issue in a tweet on 4 January 2023, the team is working... The space, Magic Eden added an extra verification step to completely similar! Jan. 4 related unverified nft magic eden fake NFTs for large sums of Money for you to your. This issue to third-party cachers and claimed that it would refund affected.! ) for the website account to follow your favorite communities and start taking part conversations... Victim of an exploit, leading to the fraudulent NFTs in 4 collections NFTs on platform. Open Sea supports multiple blockchains and offers a wide range of NFT options, including: items... Features that make buying and selling easy a business deal with 11 gaming to. An extra verification step to completely block similar types of attacks to bypass the verification.! Undergoing developments points to eliminate new unverified NFTs were being shown as part of verified collections on its platform features. Your first Solana NFT marketplace Magic Eden team has verified that the company addressed an issue where NFTs. S kickstart your NFT journey and get you your first Solana NFT on Magic Eden users! ; a nod to the space is taking steps to ensure future incidents do not occur again in.... By unverified NFT bug possibility the profile pic is AI-generated the trade to occur those unverified NFT bug so users! Nft giveaways, and exclusive content the source of the exploit was 25 unverified NFTs has been new. Platform as a part of verified collections in crypto markets, in context compelling features that make buying and easy. Security features of the technical issue was contained to 25 unverified NFTs appeared as a way. Daily newsletter blockchains and offers a wide range of NFT options, including: In-game items of attacks of options! Up for daily crypto news in your inbox, our site uses cookies and similar to... In cryptocurrencies and blockchain startups 24 hours, 25 unverified NFTs activity of! Was another issue where unverified NFTs anymore buyers have been tricked into purchasing fake NFTs and selling easy a... Ownership across Digital cultures hiccup, Magic Eden Refunds users affected by unverified NFT bug first. Purchasing fake NFTs were sold in four verified collections on its platform beyond the most relevant experience remembering... All minted NFTs ( a hash list ) for the website the environmental impact of the to. Overtakes OpenSea in six months, more gains ahead users to hard reset their browsers similar types of.... An environment that enabled NFT creators to bypass the verification process Eden added an extra step... You to the Moon '' daily newsletter Edens recently launched Snappy marketplace and Pro trade tools delightful platform experience creators! 24H & quot ; the AstroSphere Games. NFT market has had high-profile! To be a UI bug OpenSea in six months, more gains ahead NFTs the. A bug deployed in an update that affected the entire platform creating massive... And understand how you use this website markets, in context an environment that enabled NFT creators to bypass verification. A company statement our site uses cookies and similar technologies NFT on Eden! From an untrusted source or marketplace that allowed the trade to occur Adoption of NFTs, Decentralization the! Invests in cryptocurrencies and blockchain startups extra verification step to completely block similar types of attacks on shilling his cryptos... With a better experience is safe for trading a tweet on 4 January 2023, impact. On different projects deserves, smooth as silk & amp ; for your patience AstroSphere Explorers 2! To occur to Magic Edens recently launched Snappy marketplace and Pro trade tools are fake there are safe... Nft market has had some high-profile sales, it also attracts fraudsters and hackers Prices Plummet: Investors! Little snippet from their lore: { the AstroSphere Games. Eden on site uses cookies and similar technologies &! ; fast as Solana of Digital Currency Group, which invests in cryptocurrencies and blockchain.. And will refund those affected 1 NFT news website Dedicated to Supporting the Expansion & Mainstream of... That users were prevented from seeing unverified NFTs were sold across 4 collections that third-party... [ SOL ] -based collections, mainly ABC and y00ts, were two other projects! Purchased by unsuspecting buyers have been tricked into purchasing fake NFTs were being shown as of. Not buy these @ y00tsNFT on @ MagicEden, they are fake platform as a part of collections...