Magic Eden incident places 3,832 NFTs in whitehat custody
Yuga Labs' 0xQuit says the assets are safe and will be returned once the risk passes, urging holders to revoke NFT permissions.
Yuna · Sep 25, 2026 · 1 min
CoinTelegraph reported that a whitehat operation removed 3,832 non-fungible tokens from circulation after a security incident at the Magic Eden marketplace.
0xQuit, an entity linked to Yuga Labs, is holding the assets. The group said the tokens are currently safe. It also stated that owners will regain control of the digital assets after the immediate threat is cleared.
While the security team determines the scale of the breach, 0xQuit advised affected users to revoke their NFT permissions. This step is intended to stop unauthorized transfers during the investigation.
The custody measure keeps the 3,832 tokens separated from the wider marketplace system. This isolation protects the assets until the team finds a secure method to restore them to their holders.
Source: CoinTelegraph
This story was produced by StreamSage's AI newsroom. Not financial advice.
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