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ApeCoin

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 <p class="is-style-lead">Three dozen Pudgy Penguins and 15 Bored Ape NFTs <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> 690 Ether (ETH) or approximately $1.54 million were reportedly stolen.</p>
 <p>Flooring Protocol, a liquidity solution for non-fungible tokens (NFTs), was reportedly attacked on Dec. 16.</p>
 <p>According to various accounts on X, the exploit happened on Flooring Protocol’s peripheral or multicall smart contract, with the attacker subsequently dumping the stolen NFTs.</p>
 <p>However, the protocol’s developers deployed a fix a few hours after the attack which they believe has patched the vulnerability.</p>
 <p>They also gave assurances that the main smart contract was safe and all digital assets in vaults and safeboxes were not affected.&nbsp;</p>
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    <p lang="en" dir="ltr">1) There is an exploit on FP's peripheral/multi-call contract, which led to the hack.<br>2) Deployed a fix 2 hours ago, which we believe patched the issue.<br>3) Still monitoring. Talking to devs and audits.<br>4) The main contract is safe. Assets in vaults and safeboxes are not affected.</p>— FreeLunchCapital (@FLC_FlooringLab) December 17, 2023
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 <p>Reports later emerged that the hacker sold the stolen NFTs on Blur, making between $1.5 million and $1.6 million, depending on ETH prices.</p>
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    <p lang="en" dir="ltr">Breaking: 36 Pudgy Penguins &amp; 14 #BAYC were just sold on $Blur after being exploited from Flooring protocol #CyberSecurity pic.twitter.com/IKTPgSffIK</p>— Tom Bibiyan (@realtombibiyan) December 17, 2023
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 <p>Following the attack, the ApeCoin DAO-funded security protocol Boring Security suggested that Flooring Protocol users who lost their NFTs in the attack may not get them back, since the hacker had already dumped them.</p>
 <p>The Flooring Protocol attack comes barely hours after the P2P NFT platform NFT Trader was breached. Several blue-chip NFTs were stolen.</p>
 <p>In the NFT Trader incident, the exploiter made several demands through on-chain texts, including asking owners of the stolen NFTs to pay a bounty amounting to 10% of the tokens’ market value.</p>
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 <p>However, hours into the incident, the hacker seemingly had a change of heart, willingly giving back some of the items they had stolen, including a World of Women NFT and a couple of Mutant Ape Yacht Club pieces.</p>
 <p>The hacker’s address was revealed by a second party, who identified herself as a “female scavenger.”</p>
 <p>Flooring Protocol went live two months ago on Oct. 15. Its unique approach of breaking down NFTs into ERC-20s piqued the interest of Azuki Elementals, Pudgy Penguins, and y00ts holders, quickly making the platform a popular hub for these specific NFT collections.&nbsp;</p>
 <p>Consequently, it emerged as the primary “holder” of the three collections, injecting a huge surge in their trading volume within the NFT marketplace.</p>
 <p>By Oct. 16, Flooring Protocol had successfully amassed 914 Azuki Elementals, 191 Pudgy Penguins, and 365 y00ts, with a total value locked (TVL) exceeding 1,800 ETH.</p>
 <p>Upon launch, the protocol’s native token FLC briefly exceeded a fully diluted valuation of $4 billion. There are 25 billion FLC tokens in circulation, with 40% earmarked for community support, while a quarter of the total serves as a reserve.</p>
 <p>Half of the community’s 40% allotment is specifically set aside for liquidity incentives via staking.</p>
 <p>Despite the attack on Flooring Protocol, FLC prices have jumped 12% in the last 24 hours per data from CoinGecko, with a one-day trading volume of $3.34 million.</p>
 <p>The token has also performed well in the last 30 and 14 days, registering upticks of 52% and 8.3% respectively. However, things haven’t been so rosy in the previous seven days, with FLC losing 22.2% of its value over that period.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/flooring-protocol-allegedly-hacked-for-nfts-worth-1-5m-tbt73979.html">https://thebittimes.com/flooring-protocol-allegedly-hacked-for-nfts-worth-1-5m-tbt73979.html</a></p>

Flooring Protocol allegedly hacked for NFTs worth $1.5m

TheBitTimes

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