Magic Eden Suggests Users Revoke Permissions in Phantom Wallet

Update: 0xfoobar, a developer and NFT project founder, says the best way to keep assets safe is to transfer to an offline hardware wallet or to a reliable centralized exchange.

Magic Eden, a marketplace for Solana, is suggesting users revoke permissions in their Phantom wallets following reports of a significant exploit on the layer-1 network.

Here's how to revoke permissions:

- Log into your Phantom wallet then click on the settings button

- Click Trusted Apps

- Revoke permissions from the apps listed

Author Bio

TD Marquis

A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town. TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value. He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.

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