A security scare linked to Magic Eden has led to 3,832 non-fungible tokens being moved into whitehat protective custody, according to Cointelegraph. Yuga Labs contributor 0xQuit said the NFTs remain safe and are expected to be returned after the risk has passed. NFT holders were also urged to revoke their NFT permissions as a precaution. The development is relevant to the broader NFT market and assets associated with Magic Eden, including the ME token, as well as other tracked NFT-related assets. No further details about the nature or cause of the risk were provided in the available report.
Source
Cointelegraph
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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