Dozens of High-Value NFTs Secured as Yuga Labs Steps In After Flooring Protocol Exploit

Yuga Labs has confirmed the successful completion of a white-hat recovery operation following an exploit involving Flooring Protocol. CEO Michael Figge stated that the impacted digital assets have been fully secured and transferred into Yuga Labs’ custody.

Among the recovered NFTs are several high-value collections, including 29 BAYC, 26 Captains, 4 MAYC, 2 CryptoPunks, 2 Elementals, and 2 Doodles, along with single NFTs from BAKC, Azuki, and Moonbirds.

To carry out the recovery, Yuga Labs used its GrailsOTC trading desk to front the required funds and assets needed to secure the vulnerable tokens. The company also noted that it will work with the Flooring Protocol developers to return the NFTs once a final resolution is reached.

Source: Michael Figge