TREE NEWS update: Yuga Labs CEO Michael Figge said on September 25 that an exploit was discovered hours earlier, with team member Quit conducting a white-hat rescue and all affected assets safe. Quit confirmed the operation, saying all assets at address 0x71cF3f5724bD2B72Ef6464992aCd26216DE7fe33 are secure and will be returned once the risk is eliminated. The disclosure follows an apparent hack on Magic Eden in which a white-hat hacker moved 3,832 NFTs from hundreds of wallets.
Yuga Labs CEO Flags Exploit, Quit Conducts White-Hat Rescue
The notable detail is not the rescue itself but its timing and framing: Yuga's CEO disclosed an exploit within hours and credited an in-house white hat, while a separate Magic Eden incident saw thousands of NFTs moved by a white-hat actor. Together they suggest that proactive, rapid intervention is becoming the expected response when NFT infrastructure is compromised, and that the line between exploit and rescue is increasingly communicated by the teams involved. Whether assets are actually returned once the risk clears, and how such disclosures are verified, is the open question.
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