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      Magic Eden Faces Security Concerns After NFT Transfer by White Hat Hackers

      Magic Eden, a prominent non-fungible token (NFT) marketplace, is under scrutiny due to a suspected security vulnerability. White hat hackers have reportedly transferred 3,832 NFTs from various wallets as part of a security operation aimed at identifying and mitigating risks within the platform.

      Quit, the Vice President of Blockchain at Yuga Labs, confirmed that the transfer of these NFTs is a precautionary measure. The NFTs are currently secured in a designated address beginning with '0x71cF'. Yuga Labs has assured that the assets will be returned in full once the identified risks are addressed and resolved.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud