Yuga Labs has confirmed the successful completion of an emergency recovery operation after a critical vulnerability exposed high-value NFTs across the NFT lending platform Flooring Protocol.
In a statement shared on X on June 8, CEO Michael Figge said the company had carried out a “white-hat” recovery after identifying NFTs at risk due to the exploit.
According to Yuga Labs, the rescued assets are now under its custody and include a mix of blue-chip and widely recognized NFT collections. The recovered holdings consist of 29 Bored Ape Yacht Club tokens, four Mutant Ape Yacht Club tokens, one Bored Ape Kennel Club token, two CryptoPunks, one Azuki, two Moonbirds, and two Doodles, along with 26 Captains and one Elementals asset.
Yuga Labs said it executed the rescue operation using capital and NFT liquidity sourced through its over-the-counter trading desk, GrailsOTC.
The company added that it is coordinating with the Flooring Protocol development team to restore the recovered NFTs to their rightful owners once a technical remediation is completed.
