Foresight News|Sep 25, 2026 10:56
[Magic Eden: EVM Market Users Must Revoke Relevant Contract Authorizations from February to October 2024]
Foresight News reports that Magic Eden tweeted that the vulnerability occurred in the NFT trading protocol Payment Processor V2 maintained by Limit Break. Magic Eden adopted this protocol for EVM network transaction settlements in 2024 but ceased using V2 in October 2024 and plans to completely shut down the EVM market by Q1 2026. Therefore, NFTs currently listed on Magic Eden are not affected by this vulnerability. However, NFTs listed through its EVM market between February and October 2024 may be impacted, and users are required to revoke authorizations. The platform is in contact with the protocol owner and maintainer, Limit Break, to explore other risk mitigation measures, including suspending protocol transfers, and will continue investigating the actual scope of the impact.
Foresight News previously reported that Yuga Labs CEO Michael Figge tweeted that the team discovered the Magic Eden NFT authorization vulnerability a few hours ago. Currently, Yuga Labs' Vice President of Blockchain, Quit, is conducting white-hat recovery of affected assets and will return them once they are no longer at risk.
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