Magic Eden Addresses Payment Processor V2 Vulnerability

Magic Eden stated that its current listings are unaffected by the vulnerability in Limit Break's Payment Processor V2, as the platform stopped using the protocol in October 2024. Users who listed NFTs on its EVM market between February and October 2024 are advised to revoke contract approvals on Ethereum, Polygon, and Base. Meanwhile, Yuga Labs' VP of Blockchain, Quit, reported that 23,155 NFTs worth over $5.7 million were secured via a white-hat operation after attackers exploited the V2 vulnerability.