Blur will disable its NFT marketplace website frontend on Nov. 12 while keeping its on-chain trading protocol operational, and BLUR token holders will retain control of protocol fee settings. Its NFT-backed lending protocol Blend will stop matching new loans that day, requiring borrowers to repay or allow loans to default, with a separate withdrawal tool planned for deposited assets. Quit, Yuga Labs’ vice president of blockchain business, said he found no current exploitable vulnerability but warned that Blur’s upgradeable contracts could be changed maliciously and that asset security depends on the operational security of a team that appears to be disbanding. He urged users to revoke approvals through tools such as revoke.cash. Reports put the NFTs still authorized to Blur contracts at at least $10 million to tens of millions of dollars. BLUR fell more than 20% to about $0.015, reducing its market capitalization to roughly $44 million.