Images on Magic Eden, the largest Solana-based non-fungible token (NFT) marketplace, displayed pornographic content and popular sitcom series “The Big Bang Theory” on Tuesday Asia time instead of users’ NFTs.
See related article: Magic Eden, largest Solana-based NFT platform, makes royalty fees optional
Fast facts
- Magic Eden tweeted on Wednesday morning that its third-party image provider was compromised but confirmed that the marketplace had not been hacked and that users’ NFTs were safe.
- A Magic Eden representative told cryptocurrency news outlet Decrypt that it was aware of the issue and fixed it within an hour. It advised users to restart their browsers if they still saw the erroneous images. Magic Eden did not name the third-party image provider out of security concerns.
- NFTs are tokens minted on the blockchain that can determine an asset’s authenticity, often in images or artworks.
- The NFT market has been heavily impacted by the decline in the broader crypto market, with monthly sales declining almost 90% in December from a record peak of US$4.9 billion in January, according to CryptoSlam data.
See related article:NFT marketplaces ditching standard royalty fees labeled “short-sighted”