After the Flooring Protocol was exploited, several high-value NFTs were at risk. Subsequently, developers associated with Yuga Labs recovered 68 NFTs, including those from top collections such as Bored Ape Yacht Club and CryptoPunks. Yuga Labs CEO Michael Figge stated that these assets are currently held by the company and will be returned to their original owners once a restitution plan is finalized.
Asset recovery valued at over $500,000
0xQuit, Vice President of Blockchain at Yuga Labs, stated that the recovered NFTs have a total value exceeding $500,000. At the time of the report, the floor price of CryptoPunks was approximately 33.9 ETH, equivalent to about $54,600, and the floor price of Bored Ape Yacht Club was approximately 9.16 ETH.
The overall NFT market remains in a low-performance phase, but top-tier collections still trade at significantly higher prices than most projects. Recent data shows that the total market capitalization of the NFT market rose to approximately $2 billion between late April and early May, before declining to around $1.4 billion.
Flooring Protocol has scaled back its NFT business.
The affected Flooring Protocol had already begun scaling back certain NFT-related operations. The project announced in September 2025 that its consumer-facing Web3 services would enter a wind-down phase, urging FPv2 token holders to redeem their NFTs and exit their fractionalized positions by mid-October.
The report noted that the platform previously faced liquidity pressures and organizational restructuring, leading to inconsistent management of certain NFT operations. This also limited the protocol’s ability to respond effectively when attacked.
The former manager stated that their personal assets are also on the platform.
The former CEO of Flooring Protocol, FreeLunchCapital, stated that he had been providing liquidity support for users exiting their positions and had left some of his personal NFT assets on the platform. These assets ultimately became one of the primary targets in this exploit incident.
It also stated that it is in communication with the parent organization responsible for the management team, aiming to regain control of the protocol. Currently, external attention is focused on two key developments: when the held NFTs will be returned, and whether the Flooring Protocol can resume effective management.