Peckshield Claims Half of its Stolen NFTs Were Sold Within Only 3 Hours

nft explanation.jpg
nft explanation.jpg

A notable blockchain security company, PeckShield, recently got attacked by cryptojackers and lost NFTs worth $2.27 million.

In a recent report from blockchain security organization, PeckShield, the company noted that half of its recently looted non-fungible tokens were sold within 3 hours on different NFT marketplaces, including OpenSea and Blur.

Also, PeckShield’s report revealed that 50% of those NFTs were sold off within 160 minutes.

About $2.27 Million Worth of Stolen NFTs Were Sold

On July 3, Peckshield announced, in a post on Twitter,  that the overall worth of the stolen NFTs was $2.27 million, marking the lowest amount stolen since January 2023. 

Also, last month’s figure shows a 23% decline from the previous month’s figure, or $2.95 million. It was also more than 85% lower than the Year’s highest looting amount of $16.2 million.

In addition, the floor price of notable NFT collections, such as Mutant Ape Yacht Club, Bored Ape Yacht Club (BAYC), Azuki Elementals, DeGods, and Otherdeed, have all plummeted

This decline in value was partly because of the reduction in floor prices of the NFTs since they began to be stolen.

Besides that, PeckShield further noted that more than 50% of the stolen NFTs were traded immediately on different NFT marketplaces within three hours of the looting. 

Blur recorded the most used marketplace for trading NFTs from all the marketplaces used. Almost 86% of all stolen non-fungible tokens were sold on Blur, while 13.76% were sold on OpenSea.

Thus, 99.76% of the ill-gotten NFTs were transacted using these two major marketplaces. The other two NFT marketplaces used were LooksRare and X2Y2.

AzukiDAO Proposes Getting a lawyer For Stolen Non-Fungible Tokens

In another NFT-related development, AzukiDAO (decentralized autonomous organization)—comprising asset holders of the renowned Azuki NFT collection- proposed bringing in a lawyer. 

Introducing legal actions aims to ensure that Azuki’s founder, Zagabond, remains accountable and transparent.

Also, the DAO claim that the CEO has purportedly earned roughly $39 million worth of Ethereum (ETH) for trading the new Azuki NFT collection named “Elementals.” The DAO also aims to return 20,000 Ethereum (ETH) from Zagabond.

On July 2, the DAO released this proposal and plans to take legal action against the blue-chip NFT owner Zagabond. They claim that the CEO, whose real name is Alex Xu, has purportedly rugged various projects.

As of press time, 88.11% of the AzukiDAO (BEAN) coins have been used to support the proposal, whereas 11.9% have voted to counter it. Notably, this proposal is scheduled to last till 6:38 am UTC on July 3.  

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