Magic Eden Says the incident stemmed from a Limit Break protocol vulnerability and advises users to revoke relevant approvals
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Magic Eden Says the incident stemmed from a smart contract vulnerability in Limit Break's trading protocol and advises users to revoke relevant approvals.
Article
⚡️Magic Eden: Today's incident was not an attack on the platform, but rather a smart contract vulnerability in the Limit Break trading protocol.
According to BlockBeats,September 25，Magic Eden CEO Jack stated in a post that,Magic Eden was not attacked today; the incident stemmed from Limit Break's trading protocol and smart contracts.Magic Eden stated that it 2 had stopped using the protocol years ago.
Jack stated that,Magic Eden is communicating with Limit Break on further response measures, including seeking to halt the transfer of the relevant assets at the protocol level. Before then, users should revoke the relevant approvals on Magic Eden.
Jack also thanked white-hat hacker 0xQuit for helping recover stolen assets, saying this prevented the situation from worsening further.Magic Eden stated that more updates would be released after the situation is further confirmed.
Original link https://m.theblockbeats.info/flash/369002
Key points
01
According to BlockBeats,September 25，Magic Eden CEO Jack stated in a post that,Magic Eden was not attacked that day.
02
Jack stated that the incident stemmed from Limit Break's trading protocol and smart contracts.
03
Magic Eden stated that it 2 had stopped using the protocol years ago.
04
Jack stated that,Magic Eden is communicating with Limit Break on further response measures, including seeking to halt the transfer of the relevant assets at the protocol level.
05
Magic Eden advises that, before further measures are taken, users revoke the relevant approvals on Magic Eden.
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Jack thanked white-hat hacker 0xQuit for helping recover stolen assets, saying this prevented the situation from worsening further.
07
Magic Eden stated that more updates would be released after the situation is further confirmed.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
According to Magic Eden CEO Jack, the issue was not with Magic Eden the platform itself, but with Limit Break's trading protocol and smart contracts.Magic Eden is discussing a response and reminds users to first revoke the relevant approvals to reduce the risk of further asset transfers.
Why it matters to readers
The original text mentions stolen assets and halting asset transfers, indicating that the relevant approvals may involve the security of users' assets; revoking approvals is Magic Eden a response recommendation provided before the situation is further confirmed.
If you have used the relevant features on Magic Eden, beginners should check whether they have granted relevant approvals and follow Magic Eden subsequent announcements; the original text does not specify which users or assets were affected.
Risks and unknowns
The scale of the asset loss has not been disclosed.
The specific mechanism and scope of impact of the smart contract vulnerability have not been disclosed.
Which authorizations, assets, or users were affected has not yet been confirmed.
It has not been disclosed whether Limit Break has suspended the transfer of the relevant assets.
It has not been disclosed how much of the stolen assets has been recovered or whether any assets remain at risk.
Information about the incident mainly comes from BlockBeats' paraphrasing of Jack and Magic Eden statements; the final situation remains to be further confirmed.
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Related concepts
Smart Contracts
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