Magic Eden Warns Users of Potential Wallet Exposure on Ethereum Marketplace

Users who traded NFTs on Magic Eden's Ethereum marketplace have been advised to revoke approvals for Limit Break's Payment Processor contract due to a known vulnerability.

The potential issue may expose authorized wallets, including those with 'approved for all' NFT approvals.

Magic Eden is contacting the protocol's owners and maintenance team while evaluating additional risk-mitigation steps, possibly including a pause of protocol transfers.