Magic Eden Investigates 0 ETH NFT Transfers Following Exploitation Concerns

Marketplace Magic Eden faced scrutiny on September 25 after an NFT trader flagged unusual transactions involving several thousand tokens moving for 0 ETH.

While a pseudonymous account claimed the activity was a whitehat operation, the platform had not publicly confirmed an exploit or recovery effort at the time of writing.

The total financial value of the affected NFTs and the exact number of compromised wallets remain unclear amid ongoing investigations.