Magic Eden offers refunds after selling unverified NFTs

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NFT
Magic Eden offers refunds after selling unverified NFTs

Just hours after blaming a third party for displaying pornographic photos on their website, Solana’s NFT platform Magic Eden addresses the issue of selling unverified NFTs.

Unverified NFTs appeared as a part of verified collections on the marketplace. The impact was limited to 25 unconfirmed NFTs sold in 4 collections on Jan. 4.

Magic Eden declares that the problem has been fixed and that affected individuals will get refunds.

The marketplace said that those unverified NFT transactions appeared in the activity tabs of the collections and their web page. Magic Eden, however, assures that the company is secure for traders. The company is currently working to determine if any more NFTs beyond the most recent day were impacted.

Magic Eden’s recent issues

Magic Eden previously had other issues with their platform. On Jan. 3, several users of Magic Eden observed that clicking on a collection’s page brought up a pornographic image rather than the typical NFT thumbnail. Alternatively, several people claimed to have seen a still from The Big Bang Theory.

The company claimed that unsavory photographs were made public after a third-party image hosting service it was using had been compromised. However, the new development cannot be attributed to a third party.

ME reported that their Snappy Marketplace and pro-trade apps had issues with their user interfaces when the firm published a new feature. Snappy Marketplace, a feature of Magic Eden designed to improve the shopping experience, displays newly posted and sold products on the homepage in near real-time. In addition, for some collections on Magic Eden, users have access to Eden’s Pro Trade feature, where they can see recently listed and sold products in real-time, along with different information to assist them in making selections. 

The firm reports having s flaw in an update that broke the verification process for NFTs before they could be added to their application mentioned above. The pieces were thus included in the complete collection without further action. Eden’s activity indexer did not properly validate the originator address for these two tools. Magic Eden reassures that its smart contracts are still safe to use; the hiccup in the user interface was an isolated issue. 

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Brenda Mary

Brenda Mary is a crypto enthusiast and a graduate of The University of Nairobi in economics. Brenda’s passion brings her back to her elementary school years as a poet. She enjoys discussing blockchain technology and is committed to producing original content. Brenda also covers other rapidly developing markets and economic and cryptocurrency studies.