News
Public · Published
White Hats Swipe $5.7M in NFTs Before Attackers Get Their Shot
A white-hat rescue operation moved thousands of NFTs from hundreds of owners for zero ETH early Friday. The team secured 23,155 NFTs worth over $5.7 million after discovering a bug involving old Limit Break Payment.
Published:
Updated:
What happened
A white-hat rescue operation moved thousands of NFTs from hundreds of owners for zero ETH early Friday. The team secured 23,155 NFTs worth over $5.7 million after discovering a bug involving old Limit Break Payment.
Confirmed
Global impact / market context
This shows how NFT owners can lose valuable digital collectibles through hidden bugs. A white-hat rescue means ethical hackers recover assets before thieves do. It also pressures NFT marketplaces to fix old payment contracts that leave owners exposed.
Analyst inference
NFT owners often trust marketplaces like Magic Eden to approve sales. When an old payment system has a flaw, a rescuer or attacker can move many NFTs at once. This event highlights security risk in NFT trading and could affect investor confidence.
Analyst inference
What to watch
- Yuga Labs' 0xQuit said the team secured 23,155 NFTs worth more than $5.7 million after discovering a bug involving old Limit Break Payment. Confirmed
- Watch whether Magic Eden or other NFT marketplaces update their old payment systems to prevent similar zero ETH transfers, which could reduce owner risk and restore trust. Proposed
- Investors should monitor if this rescue sets a precedent for white-hat recoveries, as that could shift how NFT owners value security and how platforms prioritise bug fixes. Analyst inference
Affected assets
- ETH — Ethereum