Yuga Labs completed a coordinated white-hat operation on Monday that secured 68 NFTs from an active exploit in Flooring Protocol, an Ethereum-based NFT liquidity platform. The rescued tokens, valued at more than $500,000 based on floor prices at the time of recovery, are now in Yuga's custody pending a protocol fix.
CEO Michael Figge disclosed the operation on X on June 8, listing the recovered assets: 29 Bored Ape Yacht Club NFTs, 4 Mutant Apes, 1 BAKC, 2 CryptoPunks, 1 Azuki, 2 Elementals, 26 Captains, 1 Moonbird, and 2 Doodles. Figge said he “quietly instructed our GrailsOTC trading desk to front the money and NFTs to rescue the at-risk assets from the protocol.” GrailsOTC is Yuga’s OTC NFT trading desk.
The rescue operation illustrates a playbook that has emerged for high-value NFT collections: a tier-1 issuer treating a third-party protocol failure as its own incident response problem, and deploying its own trading infrastructure to limit damage before attackers can act. No equivalent prior operation by an NFT creator of Yuga’s scale has been publicly documented.
Flooring Protocol is a platform that lets NFT holders fractionalize assets into micro-tokens and pool them for liquidity. The platform previously held meaningful liquidity in blue-chip NFT pools on Ethereum.
