Michael Figge, CEO of Yuga Labs, posted on X that the team has completed a white-hat operation addressing the Flooring Protocol vulnerability and is now holding the following assets: 29 Bored Apes, 4 Mutant Apes, 1 BAKC, 2 CryptoPunks, 1 Azuki, 2 Elementals, 26 Captains, 1 Moonbird, and 2 Doodles. Vice President @0xQuit recovered these assets, and @coffeedev noted that the vulnerability posed a greater risk to collections such as BAYC and CryptoPunks.
Yuga Labs Completes White Hat Action to Recover Multiple NFT Assets
AiCoinShare
Summary
Yuga Labs CEO Michael Figge announced on X that the team has completed a white-hat action targeting a vulnerability in the Flooring Protocol. The team now holds 29 Bored Apes, 4 Mutant Apes, 1 BAKC, 2 CryptoPunks, 1 Azuki, 2 Elementals, 26 Captains, 1 Moonbird, and 2 Doodles. Yuga Labs VP @0xQuit led the recovery, with @coffeedev highlighting the risk to BAYC and CryptoPunks. The move aligns with ongoing developments in NFT and real-world assets (RWA) news.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.