Magic Eden Malfunction Results in Pretend Solana NFTs

NFT News


The safety checks in place at giant marketplaces like OpenSea and Magic Eden are one in every of their largest appeals, as they be certain that solely verified belongings will be listed. Subsequently, it’s a vital situation that Magic Eden not too long ago skilled a malfunction that allowed pretend Solana NFTs to be listed on the platform.

Combating Pretend NFTs 

In keeping with social media accounts, the current exploit has significantly focused standard Solana collections like ABC and Y00ts. This has allowed unscrupulous people to listing pretend NFTs for these prime collections and go them off as reputable. Consequently, customers are prone to buying counterfeit NFTs.

Because of the malfunction, unsuspecting patrons have been tricked into buying pretend NFTs for giant sums of cash. Upon being alerted to the problem by NFT patrons and creators, Magic Eden reportedly resolved the issue and indicated that it had been fastened.

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