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Magic Eden legacy NFT approval exposure stories

Sep 25, 2026

Magic Eden legacy approvals expose $5.7 million in NFTs to exploit

A vulnerability in Limit Break's Payment Processor V2 left NFTs listed on Magic Eden's now-closed EVM marketplace between February and October 2024 exposed to potential theft. Whitehat researchers rescued 23,155 NFTs worth more than $5.7 million before malicious actors could exploit the flaw.

Sep 25, 2026·7 sources
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Top claims

  • ▪Marketplaces bear primary responsibility for the security risks of legacy smart contract approvals
  • ▪A vulnerability in Limit Break's Payment Processor V2 contract allowed attackers to hijack NFTs and purchase worthless tokens using wallet balances
  • ▪Limit Break paused its newer Payment Processor V3 contract on all networks except ApeChain, where it remains active until November 30, 2026

Subtopics

Crypto hacks1Non-fungible tokens (NFTs)1Smart contracts1

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