OpenSea flags NFTs after Magic Eden exploit as recovery site opens

  • OpenSea said its systems and smart contracts were unaffected and flagged known exploited ERC-721 NFTs to prevent their resale.
  • A recovery site opened for rescued NFTs, with 2,357 of 26,448 recovered assets claimed as of publication.
  • The exploit began September 24 after inactive Magic Eden-era approvals for Limit Break’s Payment Processor V2 remained enabled on-chain.

OpenSea said its systems and smart contracts were unaffected by the Magic Eden and Limit Break security incidents, while a recovery site opened for NFTs rescued from the exploit. The site allows eligible owners to reclaim assets for free apart from standard gas fees after revoking the problematic Payment Processor approval. As of publication, 2,357 of 26,448 recovered assets had been claimed; assets still held by exploiters were not recoverable.

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