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A new report from blockchain security firm PeckShield has revealed that half of stolen non-fungible tokens (NFTs) are traded within 160 minutes on various NFT marketplaces such as Blur and OpenSea.
On July 3, PeckShield highlighted several NFT data points, including the value stolen in June, how long it takes to sell stolen NFTs, and which NFT marketplaces are used to sell stolen assets.
In June 2023, $2.27 million worth of NFTs were stolen, according to the security company. This is the lowest amount of stolen NFTs in 2023. In addition, the data shows an 85% decline from February, when the value of stolen NFTs peaked at $16.2. million
In addition to the amount lost in NFTs, the blockchain security firm also found that half of the stolen NFTs they flagged are sold within 3 hours, suggesting that it doesn’t take long for hackers to get rid of some of their ill-gotten gains. way.
Meanwhile, Blur and OpenSea became marketplaces for stolen NFTs to get their first sale. 99.7% of stolen NFTs in June were sent to these two platforms, with Blur handling 86% and OpenSea handling 13.76%.
Related: Yes, the Secret Service has a collection of NFTs, and no, it’s not for sale
Meanwhile, a decentralized autonomous organization (DAO) made up of the owners of the popular Azuki NFT collection offered to hire a lawyer to file a lawsuit against Azuki founder Zagabond. The group is seeking to take over $39 million worth of ether (ETH) generated from recent sales of Azuki’s new collection dubbed “Elementals”.
According to AzukiDAO, the allocation of DAO funds will contribute to the growth of the entire Azuki community.