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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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 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.