Bored Ape Maker Yuga Labs Rescues Dozens of Ethereum NFTs From Exploit - Decrypt

In brief

Yuga Labs operated a whitehat hacking operation on Sunday, saving more than $500,000 worth of NFTs from being stolen in an exploit.

The exploit impacted defunct NFT liquidity project Floor Protocol.

Yuga Labs maintains custody of the NFTs as it works to find a solution to return them to their rightful owners.

Yuga Labs, the team behind the Ethereum NFT collection Bored Ape Yacht Club, rescued approximately $570,000 worth of NFTs from an exploit that affected the defunct liquidity platform Floor Protocol on Sunday. The whitehat operation, which led to the rescue of 29 Bored Apes and two CryptoPunks, among others, was conducted by the NFT firm after it discovered a morning exploit on Floor Protocol could be extended to other significant collections, like its Bored Apes. “After digging deeper, we found another related exploit path that could be used against additional vulnerable Flooring pools,” said pseudonymous Yuga Labs VP of Blockchain 0xQuit on X. “The goal was to remove exposed NFTs from vulnerable Flooring pools before another malicious actor could exploit the same paths and extract them first,” they added.