ChainCatcher report: Michael Figge, CEO of Yuga Labs, posted on X that his team has completed a white-hat operation to address a vulnerability discovered in Flooring Protocol. The following assets are now securely held by Yuga Labs: 29 Bored Apes, 4 Mutant Apes, 1 BAKC, 2 CryptoPunks, 1 Azuki, and 2 Elementals; along with 26 Captains, 1 Moonbird, and 2 Doodles. Team Vice President @0xQuit recovered these assets, while @coffeedev identified that the same vulnerability posed a greater risk to other Flooring collection series, such as BAYC and CryptoPunks. Figge instructed the GrailsOTC trading desk to advance funds and NFTs to rescue the at-risk assets from the protocol. The team will work with the protocol developers to return the assets.
Yuga Labs Completes White Hat Action to Recover Dozens of NFTs from Flooring Protocol
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Summary
Yuga Labs CEO Michael Figge announced on X that the team performed a white-hat action to address a vulnerability in the Flooring Protocol. Secured assets include 29 Bored Apes, 4 Mutant Apes, 1 BAKC, 2 CryptoPunks, 1 Azuki, 2 Elementals, 26 Captains, 1 Moonbird, and 2 Doodles. @0xQuit recovered the assets, while @coffeedev identified the same vulnerability as a risk to other collections. GrailsOTC covered the upfront costs and plans to return the assets in collaboration with the protocol developers. The team emphasized that a protocol update is underway to prevent future exploits.
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