Magic Eden Warns Legacy Approvals Exposed $5.7 Million in NFTs to Exploit

Magic Eden reported that legacy EVM marketplace approvals left over $5.7 million worth of NFTs vulnerable to an exploit within Limit Break’s Payment Processor V2. Although the marketplace had previously ceased using the processor and shut down the associated platform, the user-granted permissions remained active. A whitehat rescue operation successfully secured 23,155 NFTs before they could be stolen. Magic Eden confirmed that current active listings were not affected but urged users to revoke any lingering approvals associated with the old marketplace.