White hats rescue $500K in NFTs after Flooring exploit

Yuga 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.

The cryptocurrency market has been riddled with significant selling pressure over the past week, with the Cardano price taking one of the largest hits among large-cap assets. According to CoinGecko data, the altcoin has lost more than 30% of its value in the past seven days. However, a crypto founder has opined that panic-selling Cardano during this significant phase of capitulation might not be the right move. $0.05-$0.10 Could Be A Good Accumulation Zone For ADA: Analyst In a June 5th post on the social media platform X, Alphractal founder and CEO Joao Wedson identified the relevant price levels to watch if the worst-case scenario crystallizes for the Cardano price. The on-chain data expert pinpointed $0.1097 and $0.03478 as the two key levels if this price correction continues. According to Wedson, the $0.1097 and $0.03478 represent the Thermo Price and Delta Price, respectively, for Cardano. The Alphractal explained that the Thermo Price, which is the more stable level, is estimate

HYPE made DeFi history by cracking the top 10, while XRP extended its unmatched 13-year streak among the market's biggest cryptocurrencies.