Magic Eden whitehats rescue 23,000 Ethereum NFTs from payment exploit

Magic Eden just dodged a bullet after a critical flaw surfaced in Limit Break's Payment Processor V2. The vulnerability left older Ethereum NFT listings exposed to theft, forcing the marketplace to trigger an emergency whitehat rescue operation. Developers scrambled to secure more than 23,000 digital assets before malicious actors could drain them from user wallets. It's a messy reminder that even audited smart contracts can develop cracks as the tech ages. Magic Eden confirmed that while the rescue successfully shielded the bulk of the risk, the underlying issue stemmed from how the protocol handled older approval signatures. Affected users won't need to take immediate action for the rescued items, but the event highlights the fragility of cross-platform dependencies in the NFT stack. Will other marketplaces using Limit Break's code follow suit with their own mass migrations?
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