Magic Eden: Today’s incident was not a platform hack, but a smart contract vulnerability in the Limit Break transaction protocol.
39 minutes ago
Magic Eden CEO Jack posted that the platform was not attacked today. The incident originated from Limit Break’s trading protocol and smart contract, Magic Eden clarified, noting that it stopped using that protocol two years ago. Jack said Magic Eden is in communication with Limit Break to work out further solutions, including pushing for a protocol-level suspension of related asset transfers. Until then, users should revoke their relevant authorizations on Magic Eden. Jack also thanked white hat hacker 0xQuit for assisting in recovering stolen assets, stating this prevented the situation from deteriorating further. Magic Eden added that more updates will be released after further verifying the situation.
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