Magic Eden unverified NFT bug patched after multiple sales

nft market Magic Eden fixed an issue where unverified NFTs would appear in verified collections. The exploit was the result of a UI bug.

Solana-based NFT marketplace Magic Eden has fixed a bug where unverified NFTs would appear as verified. The team tweeted on January 5 that the effect was contained to 25 unverified NFTs sold in four verified collections. This resolved the issue and will be refunded to affected users.

Teams are also monitoring the situation to assess whether there is further damage in the last 24 hours. Users have been asked for this hard refresh their browser. As it stands, no one can buy unverified NFTs on Magic Eden.

Reports were surfacing from the crypto community on January 4th concerning counterfeit NFTs. These individuals noted that the attackers were intentionally going after high-value NFTs.

The root cause appears to be a UI issue related to a new feature deployment released for Snappy Marketplace and Pro Trade Tools. The former shows newly listed and sold items on screen in real time, while the latter allows them to view statistics in real time.

Incident occurred due to bug in new features

The UI bug was present in both of those deployed features. In particular, it added unverified nft In massive collection. magic eden states problem,

“The technical explanation is that our activity index for these two devices did not check whether the manufacturer’s address was verified. Magic Eden’s smart contract remains secure, and this incident was an isolated UI issue.

There was also the case of users viewing pornographic images and shots from the TV show The Big Bang Theory on the platform. Magic Eden said a third-party service for caching images was compromised. The team also emphasized that no hack took place and Magic Eden is safe for trading.

Magic Eden launches loyalty rewards program

Despite this hiccup, Magic Eden continues to release new features and continues to grow. The project released a loyalty rewards program called Magic Eden Rewards. this initiative reward users With ‘Magic Points’ based on secondary trading transactions on the platform. Perks include discounts, NFT gifts, and exclusive content.

A polygon A Launchpad gaming project named Shatterpoint was also recently launched on the platform. This free-to-play action multiplayer game is available on mobile devices. This game was followed by a racing game called Infinite Drive.

disclaimer

BeInCrypto has reached out to the company or the person involved in the story for an official statement regarding the recent development, but has yet to hear back.


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