Digimon was the first Metaverse. Marketing/Project Manager Soccer Fanatic! Crypto/Ai Analysis(DYOR) LA Galaxy πβοΈ
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Come pull up to @RebudOfficial & say whatβs up ππ€π½
Youβll probably leave with some goodies too letβs be honest π
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Scary Terry π§π½ββοΈ retweeted
we're aware of a security incident affecting Magic Eden & Limit Break
the team is working to make sure that these items are not able to be re-sold on @opensea
so far over 3,000 items have been marked as stolen & prevented trading
@RevokeCash have an exploit checker live here to see if you've approved your assets for ME here:
revoke.cash/exploits/magic-eβ¦
note: all approvals to OpenSea are safe
At 9AM EST today somebody abused a bug in Payment Processor V2 to steal 10 Meebits, 50 Otherdeeds, 10 WoW, and 235 Desperate Apewives.
It wasn't until over 12 hours later that somebody reported it to me, and upon digging in I realized that a great many NFTs were subject to the same exploit.
I got in touch with the team over at LimitBreak and they quickly paused Payment Processor V3, which was subject to the same exploit. Unfortunately, V2 was not pausable, so the only path towards protecting affected assets was to run a whitehat operation.
Similarly, V3 on ApeChain is temporarily in a state where it cannot be paused, so ApeChain assets approved to V3 needed to be saved as well.
All in all, we rescued 23,155 NFTs worth north of $5.7M USD.
We later discovered that a similar exploit could be used in reverse to steal WETH. 660 WETH was at risk, which we unfortunately were not fast enough to recover. Apologies to those affected.
Shout out to @Boomskite for flagging the initial exploit tx to me, and @coffeedev @0xjustadev and @whiteoakkong for acting quickly and assisting with the recovery.
All NFTs are safely relocated. Soon, owners will be able claim them back after revoking the exploitable approvals.
Addresses to revoke below.
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Scary Terry π§π½ββοΈ retweeted
This guy Quit just saved $5.7 MILLION worth of NFT's from being drained and is now returning it back to the people
We need more of these guys on CT
little dry run period: nftsaresafu.xyz/
check what you have claimable. If you see anything that looks incorrect, please let me know.
Will open claims based on the same snapshot after a few more QC runs.
25k NFTs so please be patient.
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Scary Terry π§π½ββοΈ retweeted
LAWSUITS AND POLICE REPORTS
@MAGICEDEN @LIMITBREAK
We are sharing an interim update regarding an exploit identified with @limitbreak Payment Processor V2, a NFT trading protocol maintained by the company Limit Break and which Magic Eden adopted to settle trades on EVM in 2024.
Magic Eden stopped using Payment Processor V2 in Oct 2024 and ceased our EVM marketplace altogether in Q1 2026. No live Magic Eden listings were impacted in this exploit. We will provide more updates as we investigate the impact further.
We are also contacting Limit Break as they are the owner & maintainer of the protocol to see what other mitigations can be done, including progress on pausing transfers on the protocol. Thank you to @0xQuit for the whitehat rescue and for bringing this to our collective attention: nitter.net/0xQuit/status/21034106β¦
Why are ME listings being shown to be involved?
NFTs listed on ME EVM from approx Feb 2024 to Oct 2024 could be impacted by this issue with the Limit Break Payment Processor v2 contract. Any listings on ME EVM after Oct 2024 should not be impacted here. We are still further refining our investigation and will provide more updates here.
In the meantime, if you listed or traded NFTs on Magic Edenβs EVM marketplace before we shut it down, revoke this contract:
Limit Break: Payment Processor (V2)
0x9A1D00bEd7CD04BCDA516d721A596eb22Aac6834
Go through our instructions here: revoke.cash
Ethereum β filter that address β revoke every NFT βapproved for allβ row
Repeat for the following chainsPolygon
Base
See also 0xQuitβs tweet on revocation for further reference also: nitter.net/0xQuit/status/21034106β¦
NOTE: Revoking does not return tokens that already moved.
Again, we will keep the community updated as we investigate further.
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Scary Terry π§π½ββοΈ retweeted
Adam's gifting this Bored Ape to @0xQuit... what a goated move!! π
This Ape has and will ALWAYS be to me the prize of my entire collection and maybe the most loved thing I own bar none. It was my first big purchase years back and means S0 much to me. π has always been my fav color and the prison jump suit was a reminder of when I was locked up by the Feds years ago. Today Iβm giving it as a gift to @0xquit for basically saving the space for all of us last night. I was lucky to not get drained but many of my friends did. His selflessness and generosity is what I inspire to be. When I get home from work will transfer my orange 𧑠to him. Itβs definetly going to the absolute best of humans β¦. I know my ape will now be in the home where he belongs π
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Scary Terry π§π½ββοΈ retweeted
If your barber isnβt serving you hookah and drinks gtfo out of there
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Scary Terry π§π½ββοΈ retweeted
The downfall of Magic Eden explained:
2021: the beginning
- launches as a Solana NFT marketplace
- becomes the dominant marketplace on Solana
- raises $2.5M in its seed round
March 2022:
- raises another $27M
June 2022: the explosion
- raises $130M
- valuation reaches $1.6B
- backed by some of the biggest VCs in crypto
Magic Eden was now one of the most valuable NFT companies in the world.
2022-2024: expansion
- expands beyond Solana
- adds Ethereum and other EVM chains
- moves aggressively into Bitcoin Ordinals and Runes
- becomes the largest NFT marketplace by volume
By November 2024:
- Bitcoin represents almost half of Magic Edenβs volume
- marketplace generates $75M in revenue during 2024
December 2024: $ME
- 1B total supply
- 12.5% distributed through the initial airdrop
- another 22.5% reserved for future incentives
$ME trades at $17 during the opening volatility.
First daily close: $5.64
(The decline starts almost immediately)
April 2025: $ME β $1
Magic Eden now has another problem.
The NFT market that built the company is breaking so it starts looking elsewhere.
April 2025: Slingshot
- Magic Eden acquires Slingshot
- expands from NFTs into multichain token trading
Two months later things get much stranger.
June 2025: TRUMP Wallet
- Magic Eden announces a crypto wallet branded around TRUMP
- members of the Trump family publicly distance themselves from the product
October 2025: $ME β $0.59
November 2025:
30% of secondary marketplace revenue is directed toward $ME buybacks
But by this point the token has already lost most of its value.
January 2026: Dicey
- Magic Eden introduces an onchain casino and sportsbook
- closed beta has 200 users
- $15M reportedly wagered
February 27, 2026:
- Magic Eden announces it will shut down its Bitcoin and EVM marketplaces
- ends NFT buybacks
- prepares to shut down parts of its multichain infrastructure
Jack Lu explains the problem:
80% of company costs were tied to products generating only 20% of revenue.
March 9: Bitcoin and EVM marketplaces shut down
March 27: Bitcoin API shuts down
April 1: multichain wallet stops operating
Magic Eden had spent years expanding everywhere.
Now it was dismantling that expansion.
June 30: $ME reaches an all-time low of $0.055
A company valued at $1.6B during the NFT boom went from dominating Solana and Bitcoin NFTs
to shutting down most of its multichain marketplace infrastructure
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Scary Terry π§π½ββοΈ retweeted
BIRTHDAY GIVEAWAY!
Well, I made it another year! As many of you know, every year on my Birthday I do a giveaway, my web3 equivalent of bringing donuts to work. This year is no different, I pulled a couple @quirkiesnft Quirklings off the floor this morning and Iβll be giving one away tonight at 9:25, that time seems appropriate hahaβ¦.
No hoops to jump through, I donβt even care if you follow me. The only requirement I have is that (if you donβt already hold a Quirk asset) you actually want to be in the community and donβt plan to Weth or floor itβ¦.. it would hurt my feelings π imo this Ling is a heater!
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Scary Terry π§π½ββοΈ retweeted
This exploit could be a nail in the coffin for NFT projects that were already dead. We spent thousands of dollars on NFTs and there was no point to sell them for pennies, we held out for better days and memories. Now most of those assets are gone. No point to buy them back now.
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Scary Terry π§π½ββοΈ retweeted
so my ape left my wallet
im very strict with cold storage
take a deep breath, prepare opsec mode..
thankfully i see @0xQuit had moved it along with thousands of others into his wallet to protect the space from an exploit on magic eden
guy is a fucking legend
π
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Scary Terry π§π½ββοΈ retweeted
Paid way too much for this damn card but finally have the last expensive Komiya I needed
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Scary Terry π§π½ββοΈ retweeted
A major NFT exploit has drained millions over the past 24 hours.
Magic Eden itself was NOT hacked. Attackers exploited an old Limit Break Payment Processor contract that Magic Eden used for EVM trades in 2024.
The issue was leftover wallet approvals that never expired, allowing attackers to steal NFTs and approved tokens like WETH without the owners signing anything.
Over $2.8M was reportedly stolen before @0xQuit used the same exploit to rescue 23,000+ vulnerable NFTs worth over $5.7M into a custody wallet.
The NFTs are expected to be returned once affected owners revoke the compromised approvals.
If you used Magic Edenβs EVM marketplace in 2024, revoke your old approvals ASAP.
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Scary Terry π§π½ββοΈ retweeted
Magic Eden really said βand for my last trick all your NFTs are gone! Hahaβ
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Scary Terry π§π½ββοΈ retweeted
Enzo Fernandez to the Salford fans after scoring in 3rd round of the Johnstoneβs Paint trophy
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