White Hat Operation Rescues 23K NFTs After Payment Processor Exploit

On September 25, a wallet linked to pseudonymous security researcher Quit pulled 3,832 NFTs out of hundreds of unrelated wallets, the first visible sign of a rescue operation built around a bug in LimitBreak’s Payment Processor V2 contract.

The operation eventually relocated 23,155 NFTs worth nearly $6 million, while a separate exploit path left 660 WETH unrecovered.

White Hat Operation Moves Thousands of NFTs The incident first drew attention when NFT trader Cirrus reported that a wallet had drained 3,832 NFTs from more than 100 wallets.

Quit, who is also the VP of Blockchain at Yuga Labs, later confirmed that the transfers were part of a white-hat operation. “Everything in 0x71cF3f5724bD2B72Ef6464992aCd26216DE7fe33 is safe and will be returned once they are no longer at risk,” the researcher wrote.