Yuga Labs Rescues $570,000 in NFTs From Floor Protocol Exploit on Ethereum

Yuga Labs, the firm behind the Bored Ape Yacht Club collection, conducted a whitehat operation on Sunday to rescue approximately $570,000 worth of NFTs from an exploit affecting the defunct liquidity platform Floor Protocol on Ethereum. The intervention recovered 29 Bored Apes and two CryptoPunks, among other assets, after the NFT studio determined that a vulnerability on the platform could be extended to higher-value collections.

Pseudonymous Yuga Labs VP of Blockchain 0xQuit said the team identified an additional attack path beyond the original exploit. "After digging deeper, we found another related exploit path that could be used against additional vulnerable Flooring pools," 0xQuit posted on X. "The goal was to remove exposed NFTs from vulnerable Flooring pools before another malicious actor could exploit the same paths and extract them first." According to 0xQuit, the exploit allowed attackers to convert a small amount of wrapped Ethereum (wETH) into a nearly infinite μToken balance, which could then be used to drain NFT pools.

Floor Protocol, which ceased operations last year, enabled users to deposit NFTs into pools in exchange for fungible μTokens that could be traded on a decentralized exchange or redeemed for the underlying NFT. Yuga Labs said it is currently holding the recovered assets while coordinating with Floor Protocol developers to return the NFTs to their rightful owners. "Thanks to this move, we were able to save dozens of assets from impacting the market and Flooring protocol tokens from being compromised," Yuga Labs CEO Michael Figge posted on X.

The intervention came as the broader Ethereum NFT market has cooled significantly since early 2022, when Bored Apes regularly traded above $300,000 and daily sales volumes exceeded $100 million, according to CryptoSlam data. The top sales volume day recorded in 2026 stands at $32.3 million. Despite the slowdown, Bored Apes maintain a floor price above $15,000, while CryptoPunks trade for a minimum of around $55,000, according to NFT Price Floor.

Separately, Dapper Labs, the firm behind NBA Top Shot and NFL All Day, announced on Wednesday that it will no longer create new football collectibles for its licensed NFL platform. The change does not affect existing NFTs, which can still be bought and sold through the platform's marketplace.