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Yuga Labs executed a white-hat operation to recover 68 NFTs worth over $500,000 from a Flooring Protocol vulnerability, securing blue-chip assets.
Yuga Labs executed a white-hat operation to recover 68 high-value NFTs from a critical vulnerability within Flooring Protocol’s smart contracts [1]. The rescue, led by the company’s blockchain team, secured assets worth over $500,000 before attackers could drain them from the protocol’s liquidity pools [1].
Key takeaways
CEO Michael Figge confirmed the operation, describing it as a strategic intervention to protect the digital collectibles [1]. The recovered haul included 29 Bored Ape Yacht Club (BAYC) NFTs, 4 Mutant Ape Yacht Club pieces, 2 CryptoPunks, 1 Azuki, 2 Elementals, 26 Captains, 1 Moonbird, 2 Doodles, and 1 BAKC [1][4]. The technical side of the operation was coordinated by 0xQuit, Yuga Labs’ Vice President of Blockchain, with support from GrailsOTC, the company’s over-the-counter
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An open edition is an NFT with no limit on the number of copies that can be minted, provided the minting occurs within a specific time frame set by the creator.
Competition has risen as platforms like Blur gain market share by offering lower royalty fees, forcing established marketplaces like OpenSea to adjust their strategies.
There is no industry-wide mandate; while some companies like Animoca Brands advocate for royalties through licensing conditions, other marketplaces like Blur have implemented nominal royalty structures to capture market share.
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Jun 12, 2026 · How we report
Once the designated time frame—typically 24 to 72 hours—elapses, no further editions of that specific NFT can be minted.