Bored Ape Maker Yuga Labs Rescues Dozens of Ethereum NFTs From Exploit

Read original at Decrypt·

Bored Ape Maker Yuga Labs Rescues Dozens of Ethereum NFTs From Exploit

60-second summary

Yuga Labs, the creator of Bored Ape Yacht Club, now holds over 60 Ethereum NFTs rescued from an exploit, working to return them to their rightful owners. This effort aims to restore trust in the NFT market, which has been plagued by security concerns and scams, highlighting the need for robust protection measures in the decentralized space.

The Bored Ape Yacht Club creator now holds more than 60 rescued NFTs in its custody as it works to return them to their rightful owners.