NFT Marketplace Magic Eden Pledges to Refund Users Who Were Sold Fake NFTs in 'Massive Exploit'

Non-fungible token (NFT) marketplace Magic Eden said that it would refund all users affected by the exploit that involved the sale of fake NFTs - passing them off as 'members' of verified collections. On the morning of January 4 (PT time), the marketplace team saw "a handful" of reports saying that users were being shown unverified NFTs as part of verified collections on Magic Eden, said the announcement....