Magic Eden Issue Leads to Fake NFT Listings

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Magic Eden Issue Leads to Fake NFT Listings
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.MagicEden is dealing with an ongoing issue that is allowing unverified NFTs to be sold as part of high-priced collections like y00tsNFT and ABC123Community. elitanjourno reports

Non-fungible token marketplace Magic Eden on Wednesday said an unresolved issue has allowed fake NFTs to be listed and sold as part of real collections.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 issue 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 aIt’s the second snafu Magic Eden has seen in the past 24 hours.

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