LADIES AND GENTLEMEN, WE SAVED THEM: Michael Figge Announces That Yuga Labs Saved 68 NFTs From A Potential Flooring Protocol Exploit In A Daring White Hat Extraction!

Ladies and gentlemen, we saved them!

With 68 NFTs in danger of being stolen, Yuga Labs executed a daring white hat extraction, saving several Flooring Protocol users from potentially losing their prized digital collectibles.

 

On Sunday, Yuga Labs CEO Michael Figge took to the timeline like a commander announcing a successful mission and revealed that Yuga Labs' GrailsOTC had helped save 29 Bored Apes, four Mutant Apes, one Bored Ape Kennel Club NFT, two CryptoPunks, one Azuki, two Elementals, 26 Captains, one Moonbird, and two Doodles after CoffeeDev identified an exploit in Flooring Protocol's peer to peer NFT lending platform.

"We’ve just finished a whitehat operation on an exploit discovered in Flooring Protocol,” Figge said. “@0xQuit , our VP of Blockchain recovered the NFTs. Will leave the details for him to go over in a separate thread. I quietly instructed our GrailsOTC trading desk to front the money and NFTs to rescue the at-risk assets from the protocol. We will work together with the protocol devs to return these assets once a solution is sorted. Could mean contract relaunches and token reassurances within that protocol - or more. But thanks to this move we were able to save dozens of assets from impacting the market and flooring protocol tokens from being compromised.”

 

 

At this time, we do not know exactly what happened, which NFTs were saved, or the full extent of the potential exploit.

This is a developing story. Stay tuned for updates!