White Hats Secure $5.7M in NFTs Amid Security Flaw
- White hats rescued over 23,155 NFTs valued at more than $5.7 million following a vulnerability in Limit Break’s Payment Processor.
- An attacker initially stole various NFTs, including Meebits and Otherdeeds, before the broader exposure was realized.
- Approximately 660 WETH, equivalent to $1.7 million, was not recovered during the rescue operation.
- Magic Eden had previously used the vulnerable protocol for Ethereum trades but closed its EVM marketplace in March.
- Users are urged to revoke approvals on Ethereum to prevent further exploitation of their assets.
The incident highlights significant security vulnerabilities within NFT trading protocols like Limit Break’s Payment Processor V2, which were previously employed by platforms such as Magic Eden for Ethereum transactions. Despite the successful retrieval of most NFTs by white hats, some assets and funds remain unrecovered due to the rapid nature of the exploit.
This event underscores the importance of revoking outdated approvals to protect digital assets from potential exploits.(Source)
