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Planet Morning News
1. NFT marketplace Blur will discontinue its frontend on November 12, and Blend will stop matching new loans;2. Yuga Labs Blockchain Vice President: Recommends users immediately revoke Blur contract authorization;3. UK High Court's ruling on the 61,000 BTC Qian Zhimin case is not final: victims' property rights may still be appealed;4. Tom Lee: Sharp decline in Korean stocks may spill over into the crypto market;5. Meta releases Muse Wonder series, claims outperforming Anthropic and OpenAI comparable models on some tasks;6. US Financial Accounting Standards Board plans to adjust stablecoin accounting rules, tokens can be counted as cash equivalents;7. Pump.fun co-founder: Will adjust reward algorithm, focusing on reducing incentives for low-quality shilling.
Yuga Labs Blockchain VP: Recommends Users Immediately Revoke Blur Contract Approvals
Odaily News: Quit, Yuga Labs' Vice President of Blockchain, posted on X platform that as Blur announces it will discontinue its frontend on November 12, users are advised to immediately revoke NFT approvals to Blur smart contracts.Quit stated that their investigation has not yet found any exploitable vulnerabilities in Blur's existing contracts, but the contracts are upgradeable and carry the risk of malicious modification in the future. Currently, NFTs worth at least $10 million remain approved to Blur contracts, and their security depends on the Blur team's operational security capabilities. Quit recommends users revoke relevant approvals through tools such as revoke.cash to guard against potential contract attacks or malicious upgrade risks.
Attack ongoing, Yuga Labs VP reminds users to revoke PPV2-related approvals immediately
Odaily reports — According to Quit monitoring, the Payment Processor V2 (PPV2) exploit attack is still ongoing. Even if users were not affected in the September 25 incident, as long as they have not revoked the relevant approvals, their assets may still be at risk. Users are advised to revoke approvals immediately.About 1 hour ago, an address lost 0.15246 WETH in the next block after accepting a quote and receiving funds. The attacker paid 99% of it as a tip to Titan Builder and kept only about 0.0015 ETH, making it nearly impossible to rescue the funds through frontrunning.Quit suggests that OpenSea could check whether a user still has risky approvals before they accept a quote and require them to revoke them first; when transferring NFTs, it should also check whether the receiving address has any related approvals remaining.
Odaily Morning Brief
1. Bitget will resume withdrawals in phases starting September 28, and the relevant security vulnerabilities have been fixed;2. Yuga Labs: The NFTs Are Safe claim portal is officially live, and some stolen ERC721C/1155C NFT assets cannot be claimed for now;3. Xie Jiayin: Will host a community livestream with Gracy Chen on Monday to respond to this security incident;4. Paid: Has distributed approximately $1.44 million in total to X Money users;5. With a return of 350x, an address bought 16.7 million e/acc tokens and made a profit of over $310,000;6. OpenSea: Unaffected by the Magic Eden security incident, has flagged over 3,000 stolen NFTs and disabled their sale;7. DoubleZero co-founder responds to FUD: Firmly supports Solana and will return 45% of Shred service revenue.
Yuga Labs: Some Stolen ERC721C/1155C NFT Assets Temporarily Unable to Be Claimed
Odaily: Yuga Labs blockchain vice president Quit posted on X that the asset claim website for NFTs stolen in the previous Payment Processor vulnerability incident has gone live. However, if an NFT collection uses the ERC721C or ERC1155C standard, its holders may temporarily be unable to claim assets through the NFT claim website. A number of NFT collections are currently affected by this issue. The relevant collections controlled by Yuga Labs are expected to be fixed by tomorrow. In the meantime, users can enable "7702 delegate OTC" in the transfer verifier settings, or add the specified Ethereum address and ApeChain address to the 7702 delegated address whitelist to remove the relevant restrictions.
Limit Break contract has a known vulnerability; Magic Eden Ethereum marketplace NFT traders need to revoke approvals
Odaily report: According to RevokeCash monitoring, if users have previously traded NFTs on the Magic Eden Ethereum marketplace, their wallets may have granted approval to Limit Break's Payment Processor contract; this contract currently has a known vulnerability, and it is recommended to revoke the approval. Magic Eden previously stated that NFTs currently still listed on its platform are not affected by this vulnerability; NFTs listed through its EVM marketplace between approximately February 2024 and October 2024 may be affected, while listings after October 2024 are in principle not affected. Magic Eden is contacting protocol owner and maintainer Limit Break to study other risk mitigation measures, including pausing protocol transfers, and continues to investigate the actual scope of impact.Users who have previously listed or traded NFTs on the Magic Eden EVM marketplace should revoke the relevant contract approvals on Ethereum, Polygon, and Base networks, and revoke all NFT approvals marked as "approved for all." Yuga Labs Blockchain Vice President Quit stated that the asset claim website for the Payment Processor vulnerability NFT theft incident has officially launched; affected users whose NFTs were successfully safeguarded can now claim, but must first revoke their approval to the Payment Processor.
Quit: NFTs Are Safe Claim Portal Officially Launched, Affected Users Can Reclaim Preserved Assets
Odaily reports that Yuga Labs blockchain vice president Quit posted on X that the NFT theft incident asset claim website nftsaresafu.xyz has officially launched. Affected users whose NFTs were successfully preserved can now proceed with claims, but must first revoke authorization to PaymentProcessor.Quit stated that approximately $6 million worth of NFTs were successfully rescued this time, but some assets could not be preserved. Additionally, some NFT collections cannot be claimed at present due to Transfer Validator restrictions, and coordination with the relevant project teams will be handled in the coming days. The claim process involves EIP-7702 delegated wallets, which may cause transaction simulation anomalies or risk warnings on wallets such as Rabby.
Yuga Labs Blockchain VP: NFT Theft Claims Portal Expected to Launch Within Hours, ETH and Other Token Donations Now Open
Odaily reports that Yuga Labs Blockchain VP Quit posted on X that the NFT theft claims portal currently being built is expected to go live within the next few hours, and a dedicated address nftsaresafu.eth has been created to accept donations in ETH and other tokens.Quit stated that in addition to investing significant time, they paid approximately $7,500 in gas fees last night to handle related matters, and thanked the community for its support through channels such as X Money.Earlier reports indicated that NFT marketplace Magic Eden appears to have suffered an NFT security vulnerability, with white-hat hackers moving 3,832 NFTs from hundreds of wallets, worth approximately $1.5 million.
Yuga Labs Blockchain Vice President Quit Reminds Users to Revoke Payment Processor V2 and V3 Approvals as Soon as Possible
Odaily News: According to monitoring by Quit, users should revoke their contract approvals for Ethereum Payment Processor V2 and ApeChain Payment Processor V3 as soon as possible, using revoke.cash or other similar tools. Quit stated that if a user's assets were transferred without authorization and are currently held at an address starting with 0x71cf, the relevant assets are in a safe state, but affected users still need to revoke the aforementioned contract approvals.Previously, NFT marketplace Magic Eden was suspected of having an NFT security vulnerability, with a white hat hacker transferring 3,832 NFTs from hundreds of wallets, worth approximately $1.5 million. Quit stated that this transfer was a white hat operation, and the relevant NFTs are currently held at an address starting with 0x71cF and will all be returned once the risk is resolved.
Affected NFT assets are safe; Yuga Labs team member Quit conducts white-hat rescue
According to monitoring by Michael Figge, a vulnerability was discovered several hours ago. Yuga Labs team member Quit is conducting a white-hat rescue, and all affected assets are safe. More information will be released soon. Quit confirmed that this was a white-hat operation, and all assets in the address 0x71cF...e33 are safe and will be returned once the risk is eliminated. Previously, Magic Eden was suspected of being hacked, and a white-hat hacker moved 3,832 NFTs from hundreds of wallets.
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