Yuga Labs-affiliated developers rescued 68 non-fungible tokens worth more than $500,000 after an exploit on Flooring Protocol put assets from major collections including CryptoPunks and Bored Ape Yacht Club at risk.
The recovered NFTs have been secured by Yuga Labs and will be returned to their owners once a recovery process is finalised, according to the company.
“The recovered NFTs are now in the company’s custody and will be returned once a solution is finalised,”
Said Yuga Labs CEO, Michael Figge.
Yuga’s vice president of blockchain, known by the pseudonym 0xQuit, said the recovery effort covered more than $500,000 worth of NFTs, with CryptoPunks maintaining a floor price of about 32.7 ETH ($54,612) and Bored Ape Yacht Club NFTs trading at around 9.16 ETH.
The exploit affected Flooring Protocol while it was already winding down portions of its NFT operations after announcing in September 2025 that its Web3 consumer services would enter sunset mode and advising holders to redeem NFTs and exit fractional positions before October 15, 2025.
Former Flooring Protocol chief executive FreeLunchCapital said liquidity challenges and organisational changes had left parts of the NFT division unmanaged, while adding that assets they personally kept on the platform to support user exits became a primary target during the exploit.
Despite a broader market slowdown, NFT market capitalisation climbed to about $2 billion in late April and early May before retreating to roughly $1.4 billion, while CryptoPunks and Bored Ape Yacht Club remained the sector’s largest collections with market values of about $560 million and $150 million respectively.
