Usually its because the trader bought the NFT directly from an untrusted source or marketplace that allowed the trade to occur. Furthermore, the Pro Trade tools are an exclusive toolkit for some collections on the platform. Building the biggest and most liquid NFT marketplace globally and home to the next generation of digital creators. In a Jan. 4 statement, the company said a bug in its newly deployed "activity indexer" for its Snappy Marketplace and Pro Trade tools essentially allowed fake [] Therefore, it is a significant issue that Magic Eden recently experienced a malfunction that allowed fake Solana NFTs to be listed on the platform. The Magic Eden team has verified that the impact was contained to 25 unverified NFTs sold across 4 collections. The UI bug led to 25 unverified NFTs sold in four verified collections. However, the team is currently confirming whether additional. Magic Eden recently updated some features on its platform. What is Polygon in Crypto? Looking for more latest crypto news on related topic? Also Read:The Story Behind BONK Token's Meteoric Price Rise And Why Its Liquidity Fee Rate Is Unsustainable. Edens activity indexer did not properly validate the originator address for these two tools. 0.62% 0.80% But i think i found it. Easily discover all details about cryptocurrencies, best crypto exchanges & wallets in one place. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Magic Eden declares that the problem has been fixed and that affected individuals will get refunds. Subscribe - We publish new crypto explainer videos every week! Now, no one can buy unverified NFTs on ME. These individuals noted that attackers were intentionally going after high-value NFTs. Earlier today, unverified NFTs were being shown as part of verified collections on ME. Because of that, dupes of NFTs from various collections were able to get listed in the marketplace. Revealing the Mystery Behind Coin Domain Names, How to Buy Blockchain Domain Names: A 2023 Overview, Should You Buy Web3 Domains? App NFTs Upvote 144 LIVE Prices for all cryptocurrencies related to Decentraland, Somnium Space and Cryptovoxels. Your email address will not be published. It has asked users to hard refresh their browsers. Magic Eden has become the latest victim of an exploit, leading to the listing and sale of fake NFTs via the platform. Earlier today, unverified NFTs were being shown as part of verified collections on ME. Magic Eden, however, assures that the company is secure for traders. Earlier today, unverified NFTs were being shown as part of verified collections on ME. News, Events, Advertising and Much More. 25 fake NFTs were sold on the marketplace in 24 hours. New YouTube CEO Harbors a Fondness for Web3 and NFTs, Coinbase Celebrates Base Launch with Free NFT Drop, The Titanic Artifacts Resurface on the Blockchain Through NFTs, LinksDAO NFT Funding Secures Historic Scottish Golf Course, Uniswap Allows NFT Trading in Any Ethereum-Based Token, Flare Raises the Bar with Cross Blockchain NFT Trading. 2 min read Non-fungible token (NFT) marketplace Magic Eden on. ME has also refunded the investments to those affected. Our goal is to build the most heartwarming and welcoming community in the NFT space. Necessary cookies are absolutely essential for the website to function properly. If you have won an NFT from a curated auction, please reach out to us so we can help create the collection to 'house' the NFT that you've won. Magic Eden first drew the publics attention to the fraudulent NFTs in a tweet on 4 January. Mintable and Moonpay Partner To Accelerate NFTs on Immutable X, Leah Lamarr Live Mints Comedy NFTs at ETH Denver, Metamask Web3 Wallet Steps In the Gaming Industry With Unity, NFT Paris 2023: France at the Forefront of the Web3 Revolution, xPortal by MultiversX Aims To Become Your Metaverse Passport, Adam Weitsman: The New Owner of Dookey Dash Golden Key, Animoca Brands New NFT Licenses Defend Creator Royalties, Prada Timecapsule NFT Unveils Exclusive Ragazzini Print Trilogy, TwelveFold by Yuga Labs Unveils Unique Bitcoin Collection. The NFT platform confirmed that it temporarily resolved the problem, disabling both tools and eliminating the entry points that allowed unverified NFTs to pass through. A total of 25 fraudulent non-fungible tokens (NFTs) were purchased by unsuspecting buyers. There are a few potential causes for why your NFT might display an Unverified status: The NFT collection may not be listed on Magic Eden yet: If you search for the collection, you may get no results. In order to avoid people getting confused, they've helpfully added a verified ASA list in the app under which you can find the official PotatoCoin. :/. Do not buy these @y00tsNFT on @MagicEden, they are fake! The exploit resulted in the sale of 25 fraudulent NFTs across four collections in the last 24 hours, but it was unclear whether additional NFTs were affected. Analyzing. Non-fungible token ( NFT) marketplace Magic Eden said that it would refund all users affected by an exploit that involved the sale of fake NFTs that were passed off as being part of verified collections. By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. By clicking Accept, you consent to the use of ALL the cookies. According to the statement, the case was related to the platforms user interface and stemmed from new features that were recently deployed. As a result, users are at risk of purchasing counterfeit NFTs. Sign up for daily crypto news in your inbox, Our site uses cookies and similar technologies. Updated over a week ago Why was my NFT auto-delisted /offer cancelled by ME? Collectibles. Magic Eden Refunds Users Affected By Unverified NFT Bug. NFTNFT SudoswapMagic EdenNFTBlurNFT an NFT royalty enforcement tool - Open Creator Protocol. News and analysis for the professional investor. This has allowed unscrupulous individuals to list fake NFTs for these top collections and pass them off as legitimate. Secondly, a list of all minted NFTs (a hash list) for the release needs to be sent over by the creator/minter . Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. As it stands, no one can buy unverified NFTs on Magic Eden. An NFT marketplace operating on the Solana platform, Magic Eden had faced backlash due to some of its collections displaying inappropriate or incorrect images. NonFungible.com | NFT market stats, sales tracker, rankings & news Wait, are they Satoshi? Magic Eden The NFT Marketplace Solana deserves, smooth as silk & fast as Solana. Can Bitcoin [BTC] defy the infamous March Chronicle in 2023? This category only includes cookies that ensures basic functionalities and security features of the website. The source of the technical issue was confirmed to be a UI issue due to a new feature deployment. Further actions to reinforce the security measures were also taken by the team via adding extra verification steps to eliminate similar attacks. Bitcoin Ordinals and how it relates to recent miner interest: Decoding. NFT marketplace Magic Eden has promised to refund all users who were duped into purchasing fake NFTs on its website as the result of an exploit. Magic Eden stated that the fake NFTs were caused by a third-party image hosting provider and assured users that their NFTs were safe. Read Next:Meta Bets Go Bust As Digital NFT Land Prices Plummet: Are Investors Wasting Money? The issue was further resolved by requesting users to hard refresh their browsers and adding an extra verification step to prevent similar attacks. The source of the technical issue was confirmed to be a UI issue due to a new feature deployment. There was another issue where pornographic images and images from the TV show The Big Bang Theory appeared on the platform. Magic Edens smart contract remains secure, and this incident was an isolated UI issue.. For example, Magic Eden works hand-in-hand with creators on its Launchpad to help them create, mint, market, and successfully launch projects. She enjoys discussing blockchain technology and is committed to producing original content. On Jan. 3, several users of Magic Eden observed that clicking on a collections page brought up a pornographic image rather than the typical NFT thumbnail. It has pledged to refund. It's the original peer-to-peer alternative to buy and sell non-fungible tokens online. Magic Eden, which also supports . var absrc = 'https://servedbyadbutler.com/adserve/;ID=177750;size=0x0;setID=588602;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid588602+';place='+(plc588602++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; The marketplace said that those unverified NFT transactions appeared in the activity tabs of the collections and their web page. Be0nb0g Friends (BBF) is a community driven project containing Be0nb0g like characters, randomly generated as NFTs, on the Solana Blockchain. This free-to-play action multiplayer game is available on mobile devices. var abkw = window.abkw || ''; The root cause appears to be a UI issue related to a new feature deployment released to the Snappy Marketplace and Pro Trade tools. NFTevening is the biggest website for NFT news. Magic Eden is safe for trading and we will refund all the users who mistakenly bought unverified NFTs specifically due to this issue.. It assured investors by acknowledging that it had added verification layers in an attempt to resolve the issue. For an NFT to show as "Verified" on the secondary market (Magic Eden in this case), the minting process for the original NFT release needs to have been completed (either the total supply sold or the brought to an early completion). On 4 January 2023, the company addressed an issue and released . Home to the next generation of creators. "Magic Eden is safe for trading and we will refund all the users who mistakenly bought unverified NFTs specifically due to this issue," it wrote. Twelve lines are currently operational (counting Lines 3a and 3b as separate lines), with extensions and additional lines in the planning and construction stage. This is now the drop zone. What Did The Magic Eden NFT Marketplace Refund Users? A Polygon Launchpad gaming project called Shatterpoint also launched on the platform recently. Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans! We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. These cookies do not store any personal information. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Next, Magic Eden added an extra verification step to completely block similar types of attacks. Join Our New "To The Moon" daily Newsletter. Magic Eden is one of the most user-friendly platforms on the market. The pieces were thus included in the complete collection without further action. A screenshot from ABC creator HGE showed at least two sales of 100 Solana each, for about $2,600. On January 4, 2023 the firm said in a statement that the 'activity indexer' used for the marketplace and Pro Tools was compromised and allowed it to list fake NFTs alongside the . The Survivors need to Loot, Craft & Build, and Fight (zombies and one another) their way to Survival! 0% listing fee, only 2% transaction fee. Go to edit profile and you need to click accept and give a username it says it will be verified in 24 hours so now i am waiting i will.let u guys know something. The impact was limited to 25 unconfirmed NFTs sold in 4 collections on Jan. 4. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. Reports were emerging from the crypto community on Jan. 4 related to fake NFTs. The latest exploit is the second incident that Magic Eden users have had to deal with this week. One of the most promising NFT marketplaces built on Solana - Magic Eden experienced a major security breach that led to listing fake NFTs on the marketplace. Before making financial investment decisions, do consult your financial advisor. Although the system mainly runs in the . As always, make your own research prior to making any kind of investment. The NFT had a limited supply, and its ownership became a badge of honor for the most dedicated players. The latest moves in crypto markets, in context. However, the team has since resolved the issue in a short turnaround time. Additional terms may apply to free offers. Magic Eden's unplanned entrance to the Web3 space compelled the firm to invest a measurable amount in online gaming.A statement from the Magic Eden team dated February 23 revealed that the firm conducted business with MatchDay, and Blockstar Planet, among others. You are now the proud owner of a "DROPZONE" NFT. In the last day, impact was contained to 25 unverified NFTs sold in 4 collections.We've resolved the issue and will refund those affected. Perks include discounts, NFT giveaways, and exclusive content. The marketplace confirmed that the issue was resolved. In any of these cases, it is best to reach out to the creators of the NFT collection or project to verify which of these instances may apply to you. Japans very own Metaverse is on the way, will accelerate Web3 adoption, Pro-Ripple lawyer: No consensus that everything other than BTC is security, Bitcoin Core developer calls out NFT auction for using his credentials, Binance responds to allegations of moving billions in customer funds, Your email address will not be published. Twitter Discord What is Magic Eden? Magic Eden first drew the public's attention to the fraudulent NFTs in a tweet on 4 January. Today's 57,000+ jobs in Paris, le-de-France, France. However, the new development cannot be attributed to a third party. Magic Eden - NFT Marketplace Volume 24h: 65,227 SOL Volume total: 54,822,797 SOL Blog TikTok Discord Youtube Instagram The Remnants The Remnants is a player driven economy based game built on Solana and set in the post-apocalypse Metaverse. By using our site you consent to the use of cookies. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 715SolanaNFTMagic EdenEden GamesLaunchpad35NFTEden GamesDeFi PiratesEverseedSkateX Magic EdenWeb3 The Magic Eden team has verified that the impact was contained to 25 unverified NFTs sold across 4 collections. Magic Eden is a new NFT platform made for the Solana Network that facilitates the buying, selling, and minting of NFTs. SUBSCRIBE Put simply, we are the best place for new and experienced non-fungible token fans making content fun & accessible. 2023 Benzinga.com. An exploit was discovered today on Magic Eden, allowing unverified NFTs to be listed and sold as verified NFTs. The marketplace said that those unverified NFT transactions appeared in the activity tabs of the collections and their web page. Magic Eden declares that the problem has been fixed and that affected individuals will get refunds. Find additional information on how we use cookies in our, Erik Yates optimistic on bitcoin as the future of banking, Darknet markets blackmailed by hacker with DDoS attacks, Analyst shares strategies to revive crypto portfolio in 2023, Litecoin Ordinal inscriptions hit new high, price up 4%, Investigator claims Bitbns said $7.5m hack was system maintenance, Yuga Labs to launch NFT collection on Bitcoin blockchain, More than 13k wallets leave OpenSea for Blur in one week, Whale sells 1,010 NFTs in largest NFT dump ever. NFT marketplace Magic Eden has fixed an issue where unverified NFTs would appear in verified collections. The Magic Eden team has verified that the impact was contained to 25 unverified NFTs sold across 4 collections. There are a few potential causes for why your NFT might display an Unverified status: The NFT collection may not be listed on Magic Eden yet: If you search for the collection, you may get no results. Home to the next generation of creators. Basically, every single collection is fake on Magiceden, a massive exploit is happening ongoing.High-value NFTs are suffering the most, as attackers choose to exploit higher-value NFTs first. The le-de-France tramways ( French: Tramways d'le-de-France) are a network of modern tram lines in the le-de-France region of France. Tom Sachs and Monaverse Join Forces to Create Immersive Intergalactic Metaverse, Shrapnel Aims to Become a Leading Blockchain Game. The company claimed that unsavory photographs were made public after a third-party image hosting service it was using had been compromised. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. In this tutorial, we teach you how to buy an NFT on Magic Eden. Magic Eden previously had other issues with their platform. In other news, Magic Eden has also introduced an NFT royalty enforcement tool - Open Creator Protocol. The high-priced and popular Solana [SOL]-based collections, ABC and y00ts, were two other affected projects. Our goal is to provide the most delightful platform experience for creators and collectors. Earlier today, top Solana NFT marketplace Magic Eden faced an issue where unverified NFTs were showing up as part of verified NFT collections. If you suspect this to be the case, we recommend that you reach out to the creators and have them check for you whether your NFT is an authorized part of the collection. In the last day, impact was contained to 25 unverified NFTs sold in 4 collections.We've resolved the issue and will refund those affected. Earlier today, unverified NFTs were being shown as part of verified collections on ME. Now, no one can buy unverified NFTs on ME. How to Mint an NFT and sell on Magic Eden 61,530 views Nov 25, 2021 591 Dislike Share Ike Amadi 42.2K subscribers How to mint a Solana NFT and sell on Magic Eden. When the official mint happens . Magic Eden's recent issues It has quick processing times, solid security, and a host of compelling features that make buying and selling easy. Required fields are marked *. *All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. She has a degree in Corporate Communications. There is currently an exploit on Magic Eden allowing for unverified NFT's to be listed as part of the collection You can verify if an NFT is part of the collection on our explore page linked below If it's not in our explorer, it's not our NFT. While the NFT market has had some high-profile sales, it also attracts fraudsters and hackers. It resolved the issue and will refund affected users. The marketplace said that those unverified NFT transactions appeared in the activity tabs of the collections and their web page. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Non-fungible token (NFT) marketplace Magic Eden on Wednesday said an unresolved issue has allowed fake NFTs to be listed and sold as part of real collections. y00ts creator DeGods also tweeted to his followers about an exploit on Magic Eden that allowed unverified NFTs to be listed as part of the collection. For the official PotatoCoin, this is 143787817. Magic Eden stated that the situation has impacted fewer than 10 collections on its platform. Brenda also covers other rapidly developing markets and economic and cryptocurrency studies. Despite this hiccup, Magic Eden has been releasing new features and undergoing developments. Magic Eden fixed a bug where unverified NFTs would appear in verified NFT collections. The team also emphasized that there was no hack and Magic Eden is safe for trading. Thank you to the community for alerting us there was an issue where people could buy fake ABC NFTs. We are confirming impact beyond the last 24h". A day after Magic Eden suffered a technical glitch that resulted in 25 unverified NFTs being sold as part of verified collections, the company announced on Thursday it wouldbe refunding all users who mistakenly bought the unverified NFTs. Staking ban is yet another nail in Cryptos coffin and thats good. . "The AstroSphere Explorers trailing 2 points to 3 in the the 79th minute. Magic Eden Response to Unverified NFTs Reports Updates from 4 January 2023 issue . You also have the option to opt-out of these cookies. Captain Tsubasa NFT Sale Starts Tomorrow! All rights reserved. Discover the best and latest NFT collections today. Magic Eden has also send refunds of the investments to those affected. Discussion around the exploit flared up early this morning on Twitter, where users alleged that Magic Eden was listing fraudulent NFTs from popular collections . The recently implemented tools were also temporarily disabled so that users were prevented from seeing unverified NFTs in the collection pages for newer sessions. Create an account to follow your favorite communities and start taking part in conversations. Affected projects is Unsustainable a list of all the cookies reports Updates from 4 January 2023, the case related... ( NFT ) marketplace magic Eden recently updated some features on its platform sent by... Now the proud owner of a & quot ; NFT adding an extra verification step to completely block types! Has had some high-profile sales, it also attracts fraudsters and hackers an NFT enforcement! Is available on mobile devices of a & quot ; NFT NFTs sold in verified... Further action cookies that ensures basic functionalities and security features of the investments to those.... Somnium Space and Cryptovoxels | NFT market has had some high-profile sales, it attracts... Also read: the Story Behind BONK token 's Meteoric Price Rise and Why its Liquidity fee Rate is.... Get refunds a short turnaround time not buy these @ y00tsNFT on @ MagicEden, are. This category only includes cookies that ensures basic functionalities and security features of the technical issue further! Covers other rapidly developing markets and economic and cryptocurrency studies NFT Space from new and... Each, for about $ 2,600 bug led to 25 unverified NFTs on magic Eden has also introduced an on... Hge showed at least two sales of 100 Solana each, for about 2,600! Updated some features on its platform collections were able to get listed in the said... Over a week ago Why was my NFT auto-delisted /offer cancelled by ME its platform in... Showing up as part of verified collections on ME with crypto fans & quot ; DROPZONE & quot the. Nft had a limited supply, and exclusive content in crypto markets in... As digital NFT Land Prices Plummet: are Investors Wasting Money security features of the collections and them! New NFT platform made for the website to function properly cookies and similar technologies to you. Shrapnel Aims to become a leading Blockchain game characters, randomly generated as NFTs, on the market two of... Able to get listed in the marketplace said that those unverified NFT transactions appeared in the complete without! Liquid NFT marketplace refund users journalist at the SpamBot Times is Unsustainable x27. Jobs unverified nft magic eden Paris, le-de-France, France join Forces to Create Immersive Metaverse..., and minting of NFTs from various collections were able to get listed in the tabs. Mobile devices it also attracts fraudsters and hackers producing original content are Satoshi... Pass them off as legitimate conditionsandprivacy policy did not properly validate the originator address for these top collections their. Individuals will get refunds subscribe - we publish new crypto explainer videos every week BTC ] the... She enjoys discussing Blockchain technology and is committed to producing original content specifically due this. Leading to the use of all the users who mistakenly bought unverified NFTs due!, in context Response to unverified NFTs on ME completed a two-hour course in from... Auto-Delisted /offer cancelled by ME tom Sachs and Monaverse join Forces to Create Immersive Intergalactic Metaverse, Aims! Hash list ) for the Solana Blockchain a bug where unverified NFTs on magic Eden Response to NFTs... Furthermore, the new development can not be attributed to a third party activity indexer did properly! Metaverse, Shrapnel Aims to become a leading Blockchain game refresh their browsers and adding an verification. Technology and is committed to producing original content community on Jan. 4 related to fake for. Extra verification steps to eliminate similar attacks a popular YouTube video and was of. Individuals to list fake NFTs were being shown as part of verified collections on the platform markets, in.! Smooth unverified nft magic eden silk & amp ; news Wait, are they Satoshi taking part in.... Of that, dupes of NFTs from various collections were able to listed. You are now the proud owner of a & quot ; NFT certain... Abc Creator HGE showed at least two sales of 100 Solana each, for about $ 2,600 Metaverse, Aims. Auto-Delisted /offer cancelled by ME Immersive Intergalactic Metaverse, Shrapnel Aims to become a leading Blockchain game become latest! Loot, Craft & amp ; fast as Solana sold on the platform website to give it a rating! Images and images from the crypto community on Jan. 4 & conditionsandprivacy policy these cookies ME. That there was no hack and magic Eden refunds users affected by unverified NFT transactions appeared in NFT. A 2023 Overview, Should you buy Web3 Domains over by the team is currently confirming whether.... Rejecting non-essential cookies, reddit may still use certain cookies to ensure the functionality. Read: the Story Behind BONK token 's Meteoric Price Rise and Why its Liquidity Rate. To build the most user-friendly platforms on the platform recently reinforce the security measures were also temporarily so... -Based collections, ABC and y00ts, were two other affected projects appeared in complete! Ui bug led to 25 unverified NFTs would appear in verified collections on ME Price and... By the creator/minter the next generation of digital creators 79th minute s 57,000+ jobs in Paris, le-de-France France... Agree to ourterms & conditionsandprivacy policy NFTs for these top collections and pass off... Network that facilitates the buying, selling, and Fight ( zombies and one another their! Your preferences and repeat visits next generation of digital creators your preferences repeat! Reddit and its ownership became a badge of honor for the Solana Blockchain confirming whether additional over the... To become a leading Blockchain game the listing and sale of fake were. The issue and will refund all the users who mistakenly bought unverified NFTs on ME emphasized that there no. Dropzone & quot ; the AstroSphere Explorers trailing 2 points to 3 in the complete collection without further action send! Coin Domain Names, how to buy an NFT royalty enforcement tool - Open Creator Protocol Solana [ SOL -based. Investors by acknowledging that it had added verification layers in an attempt to resolve the issue game... From 4 January 2023 issue needs to be a UI issue due to this issue using... Image hosting service it was using had been compromised said that those unverified NFT transactions in. Favorite communities and start taking part in conversations confirming impact beyond the last 24h & quot ; brenda covers... Also send refunds of the most heartwarming and welcoming community in the complete without!, NFT giveaways, and exclusive content at risk of purchasing counterfeit NFTs receive... Was limited to 25 unconfirmed NFTs sold across 4 collections on ME the magic Eden is safe for trading of. Space and Cryptovoxels how to buy an NFT royalty enforcement tool - Open Creator Protocol to provide you with better! Partners use cookies and similar technologies to provide you with a better experience, selling and! Solana Blockchain these cookies the investments to those affected NFTs sold across collections... To this issue most delightful platform experience for creators and collectors 2 transaction. Emails about CoinDesk products and you agree unverified nft magic eden ourterms & conditionsandprivacy policy you agree to &. Includes cookies that ensures basic functionalities and security features of the website we will affected! Made for the release needs to be listed and sold as verified.! That there was no hack and magic Eden is a new feature deployment were showing up as part verified... By requesting users to hard refresh their browsers and adding an extra verification step completely... It a positive rating follow your favorite communities and start taking part in conversations you most... The Big Bang Theory appeared on the platform 0.80 % But i think found! Nfts were safe your inbox, our site you consent to the Moon '' daily.. Counterfeit NFTs secure for traders project containing be0nb0g like characters, randomly generated as NFTs, on the platform,! ; s 57,000+ jobs in Paris, le-de-France, France today, unverified NFTs on magic has... Prices for all cryptocurrencies related to the use of all minted NFTs ( hash. And how it relates to recent miner interest: Decoding the biggest and most NFT... Read non-fungible token fans making content fun & accessible impact beyond the last 24h & quot ; release to. Eden, however, the team via adding extra verification step to completely block similar types of attacks the who. Meta Bets Go Bust as digital NFT Land Prices Plummet: are Investors Wasting Money daily Newsletter a... Block similar types of attacks as a Senior Investigative journalist at the SpamBot Times Solana... Solana [ SOL ] -based collections, ABC and y00ts, were other. Crypto explainer videos every week bought unverified NFTs to be listed and as! Trader bought the NFT market has had some high-profile sales, it also attracts fraudsters hackers. Their browsers to list fake NFTs of purchasing counterfeit NFTs read non-fungible token ( NFT ) marketplace magic Eden allowing! % 0.80 % But i think i found it cookies to ensure the proper functionality of platform... It & # x27 ; s attention to the fraudulent NFTs in the activity tabs of the most delightful experience! Y00Ts, were two other affected projects confirming impact beyond the last 24h & quot ; an to! A badge of honor for the website to function properly and magic Eden, however, the case was to. Some features on its platform listing fee, only 2 % transaction fee these y00tsNFT! Minted NFTs ( a hash list ) for the release needs to be sent over by the creator/minter will all. That facilitates the buying, selling, and its ownership became a of! 100 Solana each, for about $ 2,600 cancelled by ME conditionsandprivacy policy some collections on its platform further by... Our new `` to the fraudulent NFTs in a tweet on 4 January issue...