Nonfungible token (NFT) marketplace Magic Eden will refund all users duped into purchasing fake NFTs on its website due to an exploit. As per the official statement by the company, a bug in its newly deployed "activity indexer" for its Snappy Marketplace and Pro Trade tools essentially enabled fake NFTs to skirt verification and get listed alongside genuine NFT collections. Following this exploit, two of the most affected projects were Solana-based collections ABC and y00ts.