Magic Eden Risk Prompts Whitehat Custody of 3,832 NFTs

The move to whitehat custody signals that a marketplace-level risk was serious enough to justify pre-emptive intervention rather than waiting for a formal disclosure or exploit confirmation. That matters most for holders with active NFT permissions, whose exposure is contractual and revocable, not just market-driven. The open question is whether this reflects an isolated incident or a broader pattern in marketplace permission design, and whether the return of assets proceeds without further friction.