Yuga Labs Completes White Hat Operation to Rescue Affected NFTs

Yuga Labs has successfully completed a white hat operation to rescue high-profile NFTs impacted by a vulnerability in Flooring Protocol. The company, led by CEO Michael Figge, worked with its GrailsOTC trading desk to withdraw at-risk assets from the protocol.

The operation resulted in the recovery of 62 unique digital collectibles, including 29 Bored Ape Yacht Club NFTs and four Mutant Ape Yacht Club NFTs. Additionally, two CryptoPunks, one Azuki, and 26 Captains were recovered from the protocol.

The rescued assets are currently being held securely by Yuga Labs until the protocol's development team implements a fix for the vulnerability. The company has emphasized its commitment to protecting the price of the Flooring Protocol token and preventing market disruption.