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Business · Cryptocurrency · published 2026-09-25 · via The Block

Magic Eden old approvals briefly put $5.7 million in NFTs at risk

Image via The Block
Image via The Block

Legacy approvals on Magic Eden left $5.7 million worth of NFTs exposed to an exploit. Whitehats rescued 23,155 tokens before they could be taken.

Expanded Detail

Old permissions granted to Magic Eden remained active, leaving NFTs briefly vulnerable. Those lingering approvals could have let an exploit move $5.7 million worth of tokens.

Before any theft occurred, whitehats rescued 23,155 NFTs. The event underscores how stale marketplace approvals can create lingering risk for digital collectibles.

Context

The episode may remind NFT holders and marketplace users that old wallet approvals can remain live long after use. If similar exposures recur, confidence in NFT platforms could weaken, and users may spend more effort reviewing and revoking permissions. The impact is likely concentrated among active traders and collectors, though broader crypto adoption could be affected if such incidents appear common.

Expanded detail and Context are AI-generated analysis; the linked article remains the authoritative source.
Read the full article at The Block →
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This summary is Al-enhanced to contain extended analysis and broader social context. The original is {NAME); the linked article is the authoritative source. Original headline: “Magic Eden legacy approvals leave $5.7 million in NFTs exposed to exploit before rescue.” Browse more stories.