Magic Eden users reported on January 3 that loading onto a collection's page occasionally resulted in a brief flash of a pornographic image in replacement of the NFT thumbnail. Magic Eden announced that its third-party picture supplier had been infiltrated, but it also reaffirmed that the marketplace had not been breached and that the NFTs of customers were secure.
According to a Magic Eden employee, the problem was recognized and resolved within an hour. If customers continued to see the incorrect graphics, it encouraged them to reboot their browsers. Due to security reasons, Magic Eden declined to identify the outside-picture supplier.
The legitimacy of an item, sometimes in the form of photos or artwork, may be determined using NFTs, tokens created on the blockchain.
According to statistics from CryptoSlam, the downturn in the overall cryptocurrency market has had a massive effect on the NFT industry, with monthly sales falling over 90% in December from a record high of US$4.9 billion in January.