Yuga Labs holds recovered NFTs after white-hat rescue tied to Flooring Protocol vulnerability
Bored Ape Yacht Club creator Yuga Labs said blockchain VP Quit recovered more than 60 NFTs exposed to a Flooring Protocol security flaw and is holding them in custody until a fix allows their return.
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Fact Check
Michael Figge's own X post (the primary source) confirms every key element of the claim: whitehat rescue tied to Flooring Protocol exploit, NFTs including Bored Apes and CryptoPunks recovered by 0xQuit (VP of Blockchain), and assets held by Yuga Labs pending a protocol fix. This is independently corroborated by crypto.news, BlockBeats, and PANews, and the technical context is provided by 0xQuit's own thread.
Summary
Yuga Labs said on June 8 that it completed a white-hat rescue after a vulnerability was found in Flooring Protocol, with blockchain VP Quit recovering 29 BAYC, 4 MAYC, 2 CryptoPunks, 1 Azuki and 26 Captains. The company said it is holding the more than 60 recovered NFTs in custody until a fix is implemented so they can be returned to their rightful owners, and an earlier Yuga Labs account said it would work with Flooring Protocol's developers on the handover. That earlier account described the recovery as involving 68 NFTs.
Terms & Concepts
- white-hat rescue: A defensive recovery in which assets are moved to safety before a weakness can be exploited.
- NFTs: Unique blockchain-based tokens used to represent ownership of digital items or collectibles.
- custody: Safekeeping and control of assets on behalf of owners.