Guavy Logo
Back
Guavy AI Editorial Team••Sentiment: 3•Clout: 48

Yuga Labs Saves NFTs Worth $570K from Exploit on Floor Protocol

NFTETH

The Ethereum NFT market has just experienced a significant episode of vulnerability. Yuga Labs, the parent company behind Bored Ape Yacht Club, stepped in as an unexpected savior after discovering an exploit on Floor Protocol that exposed major assets.

On June 8, 2026, Yuga Labs conducted a whitehat hacking operation to counter the exploit and secured over 60 Ethereum NFTs. These included 29 Bored Apes and 2 CryptoPunks, representing an estimated value of $570,000.

This intervention marks a strategic turning point for Yuga Labs, positioning itself as an ethical leader in the sector. CEO Michael Figge emphasized the need to protect legitimate holders and prevent the exploit from spreading.