In July 2023, hackers reportedly stole $1.73 million worth of non-fungible tokens. The result is 31% lower than in June, when $2.27 million worth of NFTs were stolen.
So far, in 2023, February was the worst month in terms of NFT theft, with hackers stealing $16.2 million worth of NFTs. In March, hackers stole $10.9 million. Notably, in January and February, 50% of the stolen NFTs were sold on OpenSea. In June, more than 80% of the stolen NFTs were sold on Blur.
In July of this year, 19.63% of NFTs were stolen from the former largest NFT marketplace, OpenSea. Around 20% were stolen on X2Y2. Then, 67.3% of transactions took place on the Ethereum NFT marketplace Blur, which is currently the largest NFT marketplace by monthly trading volume.
According to PeckShield, a blockchain security company, stolen non-fungible tokens were sold on various marketplaces within 165 minutes after the theft.
Overall, the value of non-fungible tokens stolen in July has reached the lowest point of the year. The number of exploits declines along with collectors’ interest in NFTs. Most of the blue-chip non-fungible token collections have significantly lost value in the past year. For instance, Justin Bieber’s Bored Ape Yacht Club PFP, which was valued at around $1.3 million last year, is now worth approximately $59,000. The Ape token has lost approximately 95% of its value.
Source: mPost
