Magic Eden Issue Leads to Fake NFT Listings

Non-fungible token (NFT) marketplace Magic Eden on Wednesday said an unresolved issue has allowed fake NFTs to be listed and sold as part of real collections.

Magic Eden acknowledged the issue on Twitter, asking users to refresh their browsers.

The marketplace said it believes the issue has “impacted fewer than 10 collections,” according to a tweet.

One of the affected projects is Y00ts, one of the higher-priced collections on Magic Eden created by DeGods. A handful of fake Y00ts have been sold since the exploit began.

DeGods put out a statement to their community warning users of the issue shortly after it began.

The fake listings began earlier this morning with the ABC collection, which the marketplace appeared to have solved by adding more verification layers, according to a tweet.

It’s the second snafu Magic Eden has seen in the past 24 hours. On Tuesday, users reported seeing pornographic images in place of their NFTs, an issue the marketplace identified as linked to its third-party imaging service.

Magic Eden did not immediately respond to CoinDesk’s request for comment.