A white hat moved 3,832 NFTs from hundreds of wallets on Friday amid concerns about a vulnerability affecting Magic Eden marketplace. Yuga Labs, through its blockchain vice president 0xQuit, confirmed it was a security operation and that the NFTs are safe. The assets will be returned to their owners once the risk has passed. The company advised holders to revoke NFT permissions as a precaution. Magic Eden has not publicly confirmed that its contracts were exploited.
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