A brand new report by blockchain safety agency PeckShield revealed that half of stolen non-fungible tokens (NFTs) are bought inside 160 minutes on varied NFT marketplaces akin to Blur and OpenSea.

On July 3, PeckShield highlighted a number of information factors on NFTs, together with the value stolen in June, how lengthy it takes for stolen NFTs to be bought, and which NFT marketplaces are used to sell the stolen property.

Based on the safety agency, $2.27 million value of NFTs have been stolen in June 2023, the bottom month-to-month determine of the yr to date. Moreover, the information exhibits an 85% lower in comparison with February, when the value of stolen NFTs peaked at $16.2 million.

Worth of stolen NFT property in 2023. Supply: PeckShield

Other than the quantity misplaced via NFTs, the blockchain safety agency additionally discovered that half of the stolen NFTs it reported have been bought inside three hours, suggesting it does not take lengthy for hackers to dump a few of their ill-gotten features.

In the meantime, Blur and OpenSea are the popular marketplaces for promoting stolen NFTs. In June, 99.7% of stolen NFTs went to those two platforms, with Blur dealing with 86% and OpenSea 13.76%.

Associated: Sure, the Secret Service has an NFT assortment and no, it’s not on the market

In the meantime, a Decentralized Autonomous Group (DAO) made up of householders of standard NFT assortment Azuki has proposed hiring a lawyer to take authorized motion in opposition to Azuki founder Zagabond. The group is trying to get its fingers on $39 million value of Ether (ETH) it constituted of the latest sale of Azuki’s new assortment, referred to as Elementals.

Based on AzukiDAO, allocating the funds to the DAO will encourage the expansion of the complete Azuki neighborhood.

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