Magic Eden and Limit Break exploit: 530 WETH and thousands of NFTs drained, how to revoke your approvals

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.A bug in Limit Break's Payment Processor, the protocol behind Magic Eden's former Ethereum marketplace, has been draining NFTs and WETH since Thursday. Our blockchain analysis shows 911 affected wallets. What happened, why hardware wallets do not protect you and which two approvals to revoke now.If you listed an NFT, placed an offer or accepted one on Magic Eden's former Ethereum marketplace in 2024, you need to act now. A bug in Limit Break's Payment Processor, the trading protocol behind that marketplace, has been used since Thursday to pull NFTs and Wrapped Ether (WETH) out of other people's wallets. On ApeChain, Wrapped ApeCoin (WAPE) was hit. Our own analysis of the blockchain shows 530.7 WETH gone from 911 wallets, plus thousands of NFTs, and at our last check at 12:40 UTC the drain was still running. Protecting yourself takes minutes: you revoke the approvals for two contracts. Cancelling a listing is not enough. And a hardware wallet does not protect you here. We explain...