Magic Eden to refund users after 25 fake NFTs sold due to exploit By Cointelegraph
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Nonfungible token (NFT) marketplace Magic Eden has pledged to refund all users who were duped into purchasing fake NFTs on its website as a result of an exploit.
In a Jan. 4 statement, the company said a bug in its newly deployed “activity indexer” for its Snappy Marketplace and Pro Trade tools essentially allowed fake NFTs to skirt verification and get listed alongside genuine NFT collections.
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Nonfungible token (NFT) marketplace Magic Eden has pledged to refund all users who were duped into purchasing fake NFTs on its website as a result of an exploit.
In a Jan. 4 statement, the company said a bug in its newly deployed “activity indexer” for its Snappy Marketplace and Pro Trade tools essentially allowed fake NFTs to skirt verification and get listed alongside genuine NFT collections.
Continue Reading on Coin Telegraph
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