Flooring Protocol’s NFT Rescue: Why Pooled Custody Risk Still Matters in DeFi
Yuga Labs' rescue of 68 NFTs from Flooring Protocol pools underscores pooled custody risk and a 'ghost-ownership' bug. Actionable checks for DeFi users.
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The Bored Ape Yacht Club creator now holds more than 60 rescued NFTs in its custody as it works to return them to their rightful owners.
Read full articleYuga Labs' rescue of 68 NFTs from Flooring Protocol pools underscores pooled custody risk and a 'ghost-ownership' bug. Actionable checks for DeFi users.
Yuga Labs' intervention highlights the critical need for robust security measures in NFT and DeFi protocols to prevent asset vulnerabilities. The post Yuga Labs rescues 68 at-risk NFTs from Flooring Protocol exploit appeared first on Crypto Briefing.
Yuga Labs has rescued about $570,000 worth of NFTs after an exploit affected Floor Protocol on Sunday. The team behind Bored Ape Yacht Club said the operation removed exposed assets before another actor could drain them. The rescued items included…
Yuga Labs used its GrailsOTC trading desk to pull 68 blue-chip NFTs valued at more than $500,000 out of vulnerable Flooring Protocol pools before attackers could drain them.
Yuga Labs, the company behind Bored Ape Yacht Club and CryptoPunks, completed a covert whitehat operation on June 8 to rescue 68 blue-chip NFTs — worth more than $500,000 — from an active exploit targeting Flooring Protocol, deploying its own funds and acting before additional attackers could drain assets that included some of the most […]
Yuga Labs rescued 68 NFTs from a Flooring Protocol exploit after a bug put BAYC, CryptoPunks and other collections at risk.
Yuga Labs CEO announced organizational restructuring for ApeCoin. The head of ApeCo will resign, and the role is being eliminated. The restructuring will be completed by June 5, 2026, with team member departures. Yuga Labs, a key Web3 leader, announced today a comprehensive restructuring of the ApeCoin ecosystem. This sudden pivot responds directly to shifting […] The post Yuga Labs Moves to Restructure ApeCoin as Crypto Rules Tighten appeared first on Live Bitcoin News.
Bored Ape floor prices have doubled in a month as Yuga Labs CEO Michael Figge says blue-chip NFTs were oversold. Bored Ape Yacht Club floor prices have doubled over the past month, climbing from around 5 ETH to over 10…