NFT maxi, burger patty, & basketball junkie | @BorednHungry & @baykada caretaker | Views are my own
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🚨ANNOUNCEMENT🚨
Baykada is throwing not 1, not 2, but 3 parties for apes & Filipino web3 fans this coming Oct 3-4. Meetups as follows:
> Oct 3, 5-8PM: Baykada x Yuga Dinner at @BorednHungry PH
> Oct 3, 8:30-12: Ape In to Good Times
> Oct 4, 5-7PM: Figge’s Homecoming in Jollibee
We are out here to make @mfigge’s return to his Motherland, the Philippines, special
Come and join us to meet the Yuga Team and hear the alpha straight from the ape boss’ mouth 🦍
Links to join the events below 👇
Asia Tour Pt. II is almost underway.
The first RSVPs are now live. Find your stop at bayc.com/meetups.
We’ll see you soon.
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Magic Eden intern waking up today be like:
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/21034106…
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 Eden’s EVM marketplace before we shut it down, revoke this contract:
Limit Break: Payment Processor (V2)
0x9A1D00bEd7CD04BCDA516d721A596eb22Aac6834
Go through our instructions here: revoke.cash
Ethereum → filter that address → revoke every NFT “approved for all” row
Repeat for the following chainsPolygon
Base
See also 0xQuit’s tweet on revocation for further reference also: nitter.net/0xQuit/status/21034106…
NOTE: Revoking does not return tokens that already moved.
Again, we will keep the community updated as we investigate further.
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Below are the known incidents when Quit and Yuga led whitehat/recovery operations to save NFTs from exploits:
1️⃣ NFT recovery operations with the hacker of NFT Trader exploit
2️⃣ Whitehat on Flooring Protocol exploit
3️⃣ Whitehat on Magic Eden exploit
Take a bow, @0xQuit. GN! 🙇♂️
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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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Not only did Magic Eden abandon NFTs, they also seem to abandon their security
Today, Magic Eden appears to be exploited. While a white hat rescue operations led by Yuga (@0xQuit) is in motion once again, it would still be best to revoke permissions on ME and never use it again
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BAYC minted 10,000 bored apes for 0.08 ETH each
If BAYC minted today, they’d be accused of max extraction 💀
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JUST IN: 8 Chromie Squiggles are sold in the last 30 mins. Floor is up 28% 🤯
A lot are asking what’s next to be swept after Punks. A lot were assuming Apes. But Squiggles are now surprising us
Well, not really maybe. Squiggles are the “Punks of Generative Art NFTs” after all
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If you’re wondering why I’m not using my Punk as my PFP rn, it’s coz I’m hiding it from all the punk buyers 🫣
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Jollibee and I are ready to celebrate @mfigge coming home to the Philippines
Fellow Pinoys, join us for this Jollibee party and meetup with the Filipino Yuga Labs CEO on Oct 4, 5-7PM. Kitakits! 🐝🇵🇭
Figge's Homecoming Party
Manila, Philippines
The Filipino BAYC CEO meets Jollibee, a Filipino send-off to close the Manila weekend.
luma.com/8mxpceb3
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My answer to this question is a Punk. Why?
BTC dominance is at 59% while Punk dominance is just at 41% at the moment
We often say that Punks are the BTC of NFTs. If this is the case, then Punk market dominance should be over than 50% too. Much more higher for the Punks then
Given that both are valued around the same price rn, which would you rather buy & hodl for the next 5 years:
Cryptopunk or Bitcoin?
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Cryptopunks floor jumped by 5 ETH ($13.5K) over the last 2 days
To put this into perspective: Pudgy Penguins mcap is at $85M for the entire collection while Cryptopunks just addrd added $135M in its mcap over the last 2ds
Punks added an entire Pudgy Penguins worth & more in its NFT mcap in 2ds 😭
That’s how much motion Punks has rn vs. other NFTs
24 hours later, another 43 CryptoPunks swept for $4,219,655
total 63 punks for $6,000,000
floor: 29 → 34 ETH in 2 days
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Given that both are valued around the same price rn, which would you rather buy & hodl for the next 5 years:
Cryptopunk or Bitcoin?
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Ossen burns a bored ape: Trends on X
Minh buys a forever ape: Trends on X
Elon lols at the time when he PFPd apes: Trends on X
Say what you want about apes but apes are still the most talk-worthy PFPs on X at the big year of 2026
Lessons in that 🦍
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Bored Ape 5085 died for this 🥹
Wait, did I trigger you?
Let me prove I’m one of you by buying this beautiful thing the previous owner paid 117 ETH for.
Actually, never mind. I burned it.
Ok bye.
etherscan.io/tx/0xa5400b46af…
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ETH is up 11% over the last 7 days
Punks are up 8% over the last day
27 Punks swept in the last 24hrs
Punks floor price is now up to $87.6K
The Cryptopunks as a hedge to Ethereum thesis is in full effect, ladies & gentlemen
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ICYMI: @BoredApeYC struck a deal with @beeple to let Beeple NFT holders to also attend ApeFest
This may raise eyebrows of some apes as ApeFest is always meant for apes & +1s. But to me, this is totally ok to expand reach of the club & onboard more hodlers
Also, an underlying lesson here is that “IRL space is alpha”. Beeple has a space and he has leverage to ask for his hodlers to be admitted to ApeFest since they’re using his space. Which other NFT project has a space?
Node Foundation and soon, BAYC Clubhouse
Which gives me a thought that… other NFT projects or web3 projects can/may do events on BAYC clubhouse and there will always be limited invites/access for BAYC holders since it’s held in the Clubhouse
IRL space is the alpha
Grateful Ape🍌
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