Magic Eden, a Solana-based marketplace for NFTs, has provided refunds to people who were affected by a fake y00ts fix, which showcased unverified token collections being posted on its platform.
The issue involving the user interface was caused by a new update deployment resulting in 25 NFTs to be transacted without verification, across 4 collections. The 25 tokens also included duplications of y00ts, one of Solana’s most popular collections. The news comes from a blogpost released by Magic Eden.
Magic Eden disabled its Pro Trade and Snappy Marketplace features to resolve the issue with verification. Furthermore, the company introduced a new step in its verification process to prevent similar attacks from happening again. Magic Eden also gave users advice on refreshing their browsers. The marketplace wrote that it is actively overseeing the issue’s development and will release refunds to people who were affected by the hack. Users with questions involving security can reach the company at help.magiceden.co.
Magic Eden took to Twitter on the 4th of January to thank its community for highlighting fake versions of Abracadabra (or ABC) NFTs. It advised impacted users to reach out to its customer service desk. Shortly before this latest announcement, Magic Eden, which reportedly is the largest Solana NFT marketplace, pointed the finger of suspicion at third-party catchers for non-fungible token projects showcasing incorrect images, including adult content, for the platform’s collections and declared that it was not hacked.
