Yuga Labs CEO Rescues 68 NFTs From Flooring Protocol Exploit

• Yuga Labs CEO and 0xQuit rescued 68 NFTs worth $500K using the same exploit defensively.
• Attacker minted excess fungible tokens to redeem all NFTs held by Flooring Protocol.
• The developer suspects the attacker used advanced AI tooling to find and execute the exploit.

Yuga Labs CEO Michael Figge and blockchain security researcher 0xQuit led an emergency whitehat operation on Sunday to recover dozens of blue chip NFTs from a critical vulnerability in Flooring Protocol before malicious actors could drain the remaining exposed assets.

The team successfully secured:

• 29 Bored Apes
• 4 Mutant Apes
• 2 CryptoPunks
• 1 BAKC
• 1 Azuki
• 2 Elementals
• 26 Captains
• 1 Moonbird
• 2 Doodles

The total value of rescued assets exceeded $500,000. All NFTs are now in Yuga Labs custody pending return to rightful owners.

How the Exploit Worked

Flooring Protocol a…

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