The company claimed that unsavory photographs were made public after a third-party image hosting service it was using had been compromised. Your email address will not be published. A new feature deployment had caused a user interface issue that allowed 25 unverified NFTs to be sold across four collections, including dupes of blockbuster Solana collection y00ts, the company said in a blog post.. To fix the verification issue, its Snappy . Non-fungible token (NFT) marketplace Magic Eden was recently exploited by scammers who listed fake NFTs, duping unsuspecting buyers.While pledging to refund the buyers, the platform claimed it had resolved the hitch that a UI issue had reportedly caused. Magic Eden recently updated some features on its platform. There was also the case of users seeing pornographic images and shots from the TV show the Big Bang Theory on the platform. It has pledged to refund. document.write(''); NFT marketplace Magic Eden has fixed an issue where unverified NFTs would appear in verified collections. It's the original peer-to-peer alternative to buy and sell non-fungible tokens online. Staking ban is yet another nail in Cryptos coffin and thats good. Solana NFT marketplace Magic Eden offered refunds to users affected by the posting of unverified NFT collections on its marketplace. Magic Eden stated that the situation has impacted fewer than 10 collections on its platform. Our official collection of ships, camos, utilities and weapons will be released on Magic Eden next month, but had to be pushed back for scheduling reasons. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. These items show up directly on the screen in real-time to provide a more seamless user experience. The Survivors need to Loot, Craft & Build, and Fight (zombies and one another) their way to Survival! Magic Eden previously had other issues with their platform. An exploit was discovered today on Magic Eden, allowing unverified NFTs to be listed and sold as verified NFTs. Same from project medusa, it says 3000 nfts but there are 10k on magic eden, I dont get it 1 FlyHigh840 1 yr. ago Guys i have the same problem. Solana-based NFT marketplace Magic Eden has fixed a bug where unverified NFTs would show up as verified. If you were affected by ABC or other collections, please chat https://t.co/CyteCOTQ2V so we can help you. 1 We are confirming impact beyond the last 24h". Reports were emerging from the crypto community on Jan. 4 related to fake NFTs. This is perhaps the most popular and, by far, the largest NFT marketplace nowadays. Easily discover all details about cryptocurrencies, best crypto exchanges & wallets in one place. It has asked users to hard refresh their browsers. The platform has since resolved the issue and states that no one will be able to buy unverified NFTs anymore. How Ethereum's evolution impacts crypto markets. Now, no one can buy unverified NFTs on ME. However, what is unique is the asset id - a unique number given to the asset by the blockchain as part of the asset creation step. The Snappy Marketplace tool allows users to explore all newly listed and sold items. By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. In addition, for some collections on Magic Eden, users have access to Edens Pro Trade feature, where they can see recently listed and sold products in real-time, along with different information to assist them in making selections. "Magic Eden is safe for trading and we will refund all the users who mistakenly bought unverified NFTs specifically due to this issue." Magic Eden also communicated with the users about the issue via their social media accounts. On 4 January 2023, the company addressed an issue and released . Create an account to follow your favorite communities and start taking part in conversations. One of the most promising NFT marketplaces built on Solana - Magic Eden experienced a major security breach that led to listing fake NFTs on the marketplace. If you suspect this to be the case, we recommend that you reach out to the creators and have them check for you whether your NFT is an authorized part of the collection. The le-de-France tramways ( French: Tramways d'le-de-France) are a network of modern tram lines in the le-de-France region of France. New YouTube CEO Harbors a Fondness for Web3 and NFTs, Coinbase Celebrates Base Launch with Free NFT Drop, The Titanic Artifacts Resurface on the Blockchain Through NFTs, LinksDAO NFT Funding Secures Historic Scottish Golf Course, Uniswap Allows NFT Trading in Any Ethereum-Based Token, Flare Raises the Bar with Cross Blockchain NFT Trading. No#1 NFT News Website Dedicated to Supporting the Expansion & Mainstream Adoption of NFTs, Decentralization and the Metaverse. The transformation of value in the digital age. Upon being alerted to the issue by NFT buyers and creators, Magic Eden reportedly resolved the problem and indicated that it had been fixed. Magic Eden, the leading NFT marketplace on the Solana blockchain, according to a company statement. :/. Nonfungible token (NFT) marketplace Magic Eden has pledged to refund all users who were duped into purchasing fake NFTs on its website as a result of an exploit. var rnd = window.rnd || Math.floor(Math.random()*10e6); You have successfully joined our subscriber list. Press question mark to learn the rest of the keyboard shortcuts. Usually its because the trader bought the NFT directly from an untrusted source or marketplace that allowed the trade to occur. Magic Eden, a Solana-based nonfungible token (NFT) marketplace, has issued a fix for an exploit that allowed fake NFTs to be listed as part of genuine collections. In this tutorial, we teach you how to buy an NFT on Magic Eden. 0% listing fee, only 2% transaction fee. Magic Eden revealed that it will refund all the users who mistakenly bought unverified NFTs that showed up on the collection pages as a result of a recent breach. The Snappy Marketplace tool allows users to explore all newly listed and sold items. Discussion around the exploit flared up early this morning on Twitter, where users alleged that Magic Eden was listing fraudulent NFTs from popular collections . If you have won an NFT from a curated auction, please reach out to us so we can help create the collection to 'house' the NFT that you've won. Magic Eden reassures that its smart contracts are still safe to use; the hiccup in the user interface was an isolated issue. This game was followed by a racing game launching called Infinite Drive. She has a degree in Corporate Communications. A day after Magic Eden suffered a technical glitch that resulted in 25 unverified NFTs being sold as part of verified collections, the company announced on Thursday it wouldbe refunding all users who mistakenly bought the unverified NFTs. The marketplace said that those unverified NFT transactions appeared in the activity tabs of the collections and their web page. We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. On Jan. 3, several users of Magic Eden observed that clicking on a collections page brought up a pornographic image rather than the typical NFT thumbnail. Magic Eden (@MagicEden) January 4, 2023. Most curated auction items do not belong to a collection yet, and as such would appear as Unverified. Magic Eden is an excellent NFT buying and selling platform for both amateurs and novices alike. The impact was limited to 25 unconfirmed NFTs sold in 4 collections on Jan. 4. What Issues Did The Magic Eden NFT Marketplace Face? The company is currently working to determine if any more NFTs beyond the most recent day were impacted. Just hours after blaming a third party for displaying pornographic photos on their website, Solanas NFT platform Magic Eden addresses the issue of selling unverified NFTs. Magic Eden, however, assures that the company is secure for traders. You are now the proud owner of a "DROPZONE" NFT. The unverified NFTs randomly popped up on the collection pages on different projects. According to the statement issued by Magic Eden, over 25 fraudulent NFTs were sold across four collections in the last 24 hours. While there are still some features to be added, we see this platform as a great way to view. Shillsalot's writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. Updated over a week ago Why was my NFT auto-delisted /offer cancelled by ME? Can Bitcoin [BTC] defy the infamous March Chronicle in 2023? Magic Eden fixed a bug where unverified NFTs would appear in verified NFT collections. The former shows newly listed and sold items on the screen in real time, while the latter allows them to see stats in real time. Magic Eden, which also supports . The project released a loyalty rewards program called Magic Eden Rewards. Required fields are marked *. There was another issue where pornographic images and images from the TV show The Big Bang Theory appeared on the platform. The co-founder of Magic Eden, Jack Lu shared that the assets will be minted on 11th March, while Overtime CEO, Dan Porter cited the "the value of accessing a finals NBA" [as] near USD$1000", a . Magic Eden The NFT Marketplace Solana deserves, smooth as silk & fast as Solana. This is now the drop zone. 1. By using our site you consent to the use of cookies. ME has also refunded the investments to those affected. LIVE Prices for all cryptocurrencies related to Decentraland, Somnium Space and Cryptovoxels. Earlier today, top Solana NFT marketplace Magic Eden faced an issue where unverified NFTs . Non-fungible token (NFT) marketplace Magic Eden on Wednesday said an unresolved issue has allowed fake NFTs to be listed and sold as part of real collections. Snappy Marketplace, a feature of Magic Eden designed to improve the shopping experience, displays newly posted and sold products on the homepage in near real-time. A Polygon Launchpad gaming project called Shatterpoint also launched on the platform recently. Understanding why certain items are not tradeable on ME. The NFT collection is not updated: If the collection is already listed, but some NFTs are still appearing as Unverified, the project creators may need to send us a collection update request form with an up-to-date hashlist. The company says it is taking steps to ensure future incidents do not occur. Home to the next generation of creators. Brenda also covers other rapidly developing markets and economic and cryptocurrency studies. However, the team has since resolved the issue in a short turnaround time. Furthermore, the Pro Trade tools are an exclusive toolkit for some collections on the platform. Earlier today, unverified NFTs were being shown as part of verified collections on ME. Win a Limited Edition Ledger With World of Womens New Quest! Magic Eden is one of the most user-friendly platforms on the market. pic.twitter.com/35RYHOKVxd. A day after Magic Eden suffered a technical glitch that resulted in 25 unverified NFTs being sold as part of verified collections, the company announced on Thursday it would be refunding all. Did you miss our previous article https://nft.magnewsblog.com/win-a-limited-edition-ledger-with-world-of-womens-new-quest/, Gold IRA: Get This Guide to Learn All About It, https://nft.magnewsblog.com/win-a-limited-edition-ledger-with-world-of-womens-new-quest/, Museum of Fine Arts, Boston, and laCollection Launch Second NFT Collection of Rarely Seen French Impressionist Pastels, Danny Cole Launches Creator World Fashion Label during NYFW, Celo blockchain uses Soulbound tokens to power a new identity system, WeGo Battle Pods Arrive Selling Out At Light Speed, You Can Now Buy NFTs That Help Rebuild Brazils Rainforest. Eden, over 25 fraudulent NFTs were being shown as part of verified collections on the platform has since the! 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