A bug in Limit Break's Payment Processor V2, a contract that once powered NFT listings on Magic Eden's Ethereum marketplace and others, let an unidentified actor move NFTs for a price of zero using old "approve for all" permissions that holders never revoked. Per public reports on September 25, 2026, the exploit began around 9 AM Eastern and ran unnoticed for more than twelve hours.
Researcher Cirrus raised the alarm. Sixteen minutes later, 0xQuit, VP of Blockchain at Yuga Labs, said he was leading a whitehat rescue. He and a crew used the same bug to move 23,155 NFTs across 440 plus collections into a safe custody wallet before the attacker could reach them, an estimated 5.7 million dollars. 660 WETH, about 1.7 million dollars, was lost and not recovered.
The reports name Boomskite, coffeedev, 0xjustadev and whiteoakkong on the crew, and Revoke.cash shipped an incident checker the same morning.
0x9A1D00bEd7CD04BCDA516d721A596eb22Aac68340x9a1D00000000fC540e2000560054812452eB5366Cancelling a listing is not enough. Revoking protects what you still have; it does not return what was taken. Not financial advice.
SNN is the StonkBrokers newsroom in voxels, produced by Robin Rabbits at Degen Daycare. Read only. Nothing signed, nothing spent. More episodes.