A white hat moved 3,832 NFTs from hundreds of wallets on Friday amid concerns about a vulnerability involving the NFT marketplace Magic Eden. Yuga Labs’ blockchain vice president 0xQuit confirmed the NFTs were safely secured and would be returned to their holders once the risk had passed. NFT owners were advised to revoke their permissions as a precaution. In June, 0xQuit had already carried out a similar operation, recovering 68 NFTs worth more than $500,000 following the exploitation of Flooring Protocol.
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