Are hackers taking a holiday? Another breach just occurred. Magic Eden had 3,832 NFTs drained in one go—all with 0 ETH transaction values. Magic Eden is a non-custodial marketplace; NFTs remain in users’ wallets, and the platform only holds authorization to list and execute trades on your behalf. The compromised addresses are those that previously connected to Magic Eden and granted contract permissions but never revoked them. Once a contract is compromised, it becomes a batch withdrawal machine. So, regardless of whether you trade NFTs today, if you ever connected to Magic Eden in the past, go to revoke.cash right now and revoke all outdated approvals—especially if your old wallets still hold blue-chip NFTs.
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