• Magic Eden, a Solana (SOL) NFT marketplace, has promised to refund users who mistakenly bought unverified NFTs from its platform.
• The incident was confirmed by the creator of the ABC NFTs HGE, who said several high-value NFTs suffered the most from the exploit.
• In its Jan. 4 statement, Magic Eden said users must hard refresh their browsers to view verified NFT collection items and promised to refund users.
Magic Eden, a Solana (SOL) NFT marketplace, recently announced that it would refund users who mistakenly bought unverified NFTs from its platform. This announcement comes after several users of the NFT marketplace reported that scammers had passed off fake NFTs as part of popular collections like y00ts and ABC and sold them for hundreds of dollars.
The incident was confirmed by the creator of the ABC NFTs HGE, who said that several high-value NFTs had suffered the most from the exploit. On-chain data shows that the hacker had made around 540 SOL ($7,100) from the exploit. Another NFT collection DeGods urged its community to verify if an NFT was part of its collection on its website before purchasing.
In response, Magic Eden released a statement on Jan. 4, where it claimed that it had fixed the problem. According to the marketplace, users must hard refresh their browsers to view verified NFT collection items. The platform said the exploit had affected only four NFT collections from which users had bought 25 NFTs, and attributed the problem to a UI issue caused by a new feature released to Snappy Marketplace and Pro Trade tools.
In its statement, Magic Eden promised to refund users who had mistakenly bought unverified NFTs from its platform. The platform also urged users to remain vigilant and to look out for any suspicious activity on the marketplace. Magic Eden said that it would continue to update its users on any future security updates or changes.