Revamping the Flooring Procedure

A total of 36 Pudgy Penguins and 15 Bored Ape NFTs, valued at 690 Ether (ETH) or around $1.54 million, were reportedly stolen. On December 16, Flooring Protocol, a liquidity solution for NFTs, was attacked. The exploit took place on the protocol’s peripheral smart contract, and the attacker proceeded to sell the stolen NFTs on Blur. However, the developers of the protocol quickly deployed a fix to patch the vulnerability and assured users that the main smart contract and digital assets in vaults and safeboxes were unaffected. Boring Security, a security protocol funded by ApeCoin DAO, suggested that users may not be able to recover their lost NFTs since the hacker had already sold them. The attack on Flooring Protocol occurred shortly after the breach of P2P NFT platform NFT Trader, where several high-value NFTs were stolen. The hacker initially demanded a 10% bounty from the owners of the stolen NFTs but later returned some of the items voluntarily. Flooring Protocol, which launched two months ago, quickly became a popular hub for NFT collections such as Azuki Elementals, Pudgy Penguins, and y00ts. Despite the attack, the price of the protocol’s native token FLC has increased by 12% in the last 24 hours, with a trading volume of $3.34 million. However, FLC has experienced fluctuations in value over the past seven days.