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Yuga Labs Recovers 68 NFTs Worth $500K After Flooring Protocol Exploit on June 8

GateNews
Security Incidents
ETH-0.58%
According to Yuga Labs CEO Michael Figge, the company successfully recovered 68 non-fungible tokens (NFTs) on June 8, 2026, following a major exploit that targeted Flooring Protocol, an Ethereum-based NFT liquidity platform. The recovered assets include 29 Bored Ape Yacht Club (BAYC) NFTs and two CryptoPunks, with a combined value exceeding $500,000. The security incident exploited a flaw in Flooring Protocol's accounting mechanism that allowed attackers to generate unlimited fractional tokens while committing minimal capital, enabling them to redeem NFTs worth significantly more than their deposits. Yuga Labs' VP of blockchain, 0xQuit, highlighted the importance of the recovery effort in securing the valuable digital collectibles before further losses occurred.
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