Yuga Labs White Hat Rescues Flooring Protocol Vulnerability, Recovers 29 High-Value NFTs including BAYC

BlockBeats News, June 8th, Yuga Labs CEO Michael Figge tweeted that his team had successfully conducted a white-hat rescue operation for the Flooring Protocol vulnerability. Yuga Labs' Blockchain VP, Quit, successfully rescued a significant number of prominent NFTs from the protocol, including 29 BAYCs, 4 MAYCs, 2 CryptoPunks, 1 Azuki, 26 Captains, and more. Currently, these NFTs are securely held by Yuga Labs. Yuga Labs stated that they will collaborate with the protocol development team to return the assets once the fix is in place.

Previously, Flooring Protocol had experienced a vulnerability that led to the theft of some collectibles. KOL coffee discovered that if the same vulnerability were exploited again, top-tier collectibles such as BAYCs and CryptoPunks would be at significant risk. Subsequently, Yuga Labs instructed its GrailsOTC trading desk to front funds and NFTs to proactively remove high-risk assets from the protocol, preventing market impact and safeguarding the Flooring Protocol token price.

Source: BlockBeats

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