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In July 2023, hackers reportedly stole $1.73 million price of non-fungible tokens. The result’s 31% decrease than in June, when $2.27 million price of NFTs had been stolen.
To date, in 2023, February was the worst month by way of NFT theft, with hackers stealing $16.2 million price of NFTs. In March, hackers stole $10.9 million. Notably, in January and February, 50% of the stolen NFTs had been offered on OpenSea. In June, greater than 80% of the stolen NFTs had been offered on Blur.
In July of this yr, 19.63% of NFTs had been stolen from the previous largest NFT market, OpenSea. Round 20% had been stolen on X2Y2. Then, 67.3% of transactions happened on the Ethereum NFT market Blur, which is presently the biggest NFT market by month-to-month buying and selling quantity.
In response to PeckShield, a blockchain safety firm, stolen non-fungible tokens had been offered on numerous marketplaces inside 165 minutes after the theft.
Total, the worth of non-fungible tokens stolen in July has reached the bottom level of the yr. The variety of exploits declines together with collectors’ curiosity in NFTs. Many of the blue-chip non-fungible token collections have considerably misplaced worth prior to now yr. For example, Justin Bieber’s Bored Ape Yacht Membership PFP, which was valued at round $1.3 million final yr, is now price roughly $59,000. The Ape token has misplaced roughly 95% of its worth.
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