BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home NFT

Quick Sale of Stolen NFTs: Half Sold within 3 Hours, Says PeckShield

by Dan K
Jul 3, 2023 - 2:30 pm
in NFT
A hacker at a computer, symbolizing the perpetrator behind the Stake casino hack, orchestrating the recent transfer of BNB and MATIC tokens.

PeckShield Analyzes NFT Theft and Sale Trends

A recent report by blockchain security firm PeckShield offers a revealing snapshot of nonfungible token (NFT) thefts. Surprisingly, the study shows that half of the stolen NFTs get sold within a short span of 160 minutes on various NFT marketplaces, including prominent platforms like Blur and OpenSea.

June Records Lowest NFT Thefts for 2023

On July 3, PeckShield provided a statistical insight into the world of NFTs, highlighting the value stolen in June, the duration for stolen NFTs to be sold, and the favored NFT marketplaces for these illicit transactions.

According to the report, June 2023 recorded $2.27 million of stolen NFTs. This figure is the lowest monthly theft for the year and shows an 85% decrease compared with February, when the value of stolen NFTs skyrocketed to a significant $16.2 million.

Half of Stolen NFTs Sold within Three Hours

Beyond monetary losses, PeckShield’s report also offers an intriguing insight into the timeline of NFT thefts and sales. The security firm found that half of the flagged stolen NFTs are sold within three hours, a clear indication of how quickly hackers can offload their ill-gotten gains.

Blur and OpenSea: Preferred Marketplaces for Stolen NFTs

The report highlights Blur and OpenSea as the primary marketplaces for the sale of stolen NFTs. In June, a staggering 99.7% of stolen NFTs were disposed of on these two platforms, with Blur handling 86% of the transactions and OpenSea, 13.76%.

AzukiDAO Targets Legal Action Against Azuki Founder

In a parallel development, AzukiDAO, a decentralized autonomous organization (DAO) comprising Azuki NFT holders, has proposed legal action against Azuki founder Zagabond. The group aims to secure $39 million worth of Ether earned from the recent sales of Azuki’s new collection, “Elementals.”

According to AzukiDAO, directing these funds towards the DAO will ensure the growth and development of the entire Azuki community.

Tags: HackNFTPeckShieldSecurity
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

A vista showcasing the diverse biomes and vibrant cultures of the Pikaverse.

Pikamoon: Navigating the GameFi Future

September 26, 2023

Pikamoon shines in the gaming realm, blending thrilling battles, strategic depth and more, redefining the essence of modern...

A graphical representation of Opensea stock's steady growth in the stock market.

OpenSea Stock: The Rise, Potential, and Predictions

September 24, 2023

Unpack the journey of Opensea's stock and its significant strides in the crypto domain, highlighting the potential and...

A panoramic view of the virtual farming lands in the expansive world of Farmers World.

Farmers World: The Digital Revolution in NFT Agriculture

September 21, 2023

Step into the vast fields of Farmers World, the digital game redefining the NFT gaming landscape. Discover a...

A gleaming Honda Formula 1 car, showcasing the iconic Honda and Red Bull Racing logos, stands ready for the NFT release at the Suzuka Circuit.

Honda Revs up for Japanese Formula 1 with Limited Edition NFT Launch

September 19, 2023

Honda teams up with Animoca Brands and others to release special edition NFTs at the Japanese Formula 1...

Press Releases

David Ferrucci next to the Elemental Cognition brand emblem.

BM Watson’s Lead Developer Secures $60M for New AI Venture, Elemental Cognition

August 18, 2023

David Ferrucci, has raised a remarkable $60M for his AI startup. The company brings forward two pioneering chatbot solutions designed...

pulse5

Amsterdam Gets with the Dutch Blockchain Days the Biggest Event of the Benelux in the Field of Blockchain, Crypto Currencies, NFTs and Other Web3 Developments

May 8, 2023

Discover the future of blockchain, crypto, NFTs, and Web3 at Dutch Blockchain Days, the largest event in Benelux.

pulse4

Korea Blockchain Week 2023 Set to Push the Boundaries after Record-Breaking 2022 Event

May 8, 2023

Korea Blockchain Week 2023 returns after a highly successful 2022 event, featuring leading experts and the latest trends in blockchain...

pulse3

Istanbul Will Be Hosting Eurasia’s Largest Blockchain Event Once again on May 8–11, 2023

May 8, 2023

Join Eurasia's largest blockchain event, the Blockchain Economy Istanbul Summit, May 8-11, 2023, and discover the future of financial technology.

View All
BTC-Pulse LogoTransparent

© 2023 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2023 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise