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via Decrypt · By Decrypt Editorial

Bored Ape Maker Yuga Labs Rescues Dozens of Ethereum NFTs From Exploit

ETH

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Ethereum
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Volume (24h): -

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Resistance 2$1,869.77
Resistance 1$1,807.35
Price$1,773.60
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DE
Decrypt Editorial
(08:54 PM UTC)
1 min read
MR
Updated byMichael Roberts
900 views
0 comments

In brief

  • Yuga Labs operated a whitehat hacking operation on Sunday, saving more than $500,000 worth of NFTs from being stolen in an exploit.
  • The exploit impacted defunct NFT liquidity project Floor Protocol.
  • Yuga Labs maintains custody of the NFTs as it works to find a solution to return them to their rightful owners.

Yuga Labs, the team behind the Ethereum NFT collection Bored Ape Yacht Club,

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Decrypt Editorial · Decrypt

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