The rescued assets included NFTs from major collections like Bored Ape Yacht Club and CryptoPunks. Yuga Labs CEO Michael Figge confirmed that the NFTs are being held in custody until a return process is finalized. The incident affected Flooring Protocol as the platform was already winding down parts of its NFT business after liquidity challenges and organizational changes. Yuga Labs Saves 68 NFTs Yuga Labs-affiliated developers successfully recovered 68 non-fungible tokens (NFTs) after an exploit targeting Flooring Protocol placed several high-value digital collectibles at risk. The recovered assets included NFTs from some of the most valuable collections in the industry, like Bored Ape Yacht Club (BAYC) and CryptoPunks. Yuga Labs CEO Michael Figge confirmed that the recovered NFTs are currently being held in the company’s custody. According to Figge, the assets will remain secured until a suitable solution is finalized to facilitate their return to their rightful owners. The recovery effort was also mentioned by Yuga Labs’ pseudonymous vice president of blockchain, known as 0xQuit, who estimated that the rescued NFTs were worth more than $500,000. The incident occurred against the backdrop of a cooling NFT market, although some blue-chip collections still boast impressive valuations. At press time, CryptoPunks maintained a floor price of approximately 33.9 ETH, which is equivalent to around $54,600, while Bored Ape Yacht Club NFTs traded at a floor price of roughly 9.16 ETH. The exploit impacted Flooring Protocol, a platform that already began winding down portions of its NFT-focused operations. In September of 2025, the project announced that its Web3 consumer services would enter sunset mode and advised FPv2 token holders to redeem their NFTs and exit any fractionalized positions before mid-October. The platform’s challenges reportedly stemmed from liquidity constraints and organizational changes that left parts of its NFT division without active management. Former Flooring Protocol CEO FreeLunchCapital stated that they continued providing liquidity to support users exiting positions and left some personal NFT assets on the platform. These assets ultimately became one of the primary targets during the exploit. FreeLunchCapital also revealed ongoing discussions with the parent organization behind the management team in an effort to regain control of the protocol. While NFT trading activity is still well below the sector’s peak levels that were reached during the market boom, the industry still represents billions of dollars in value. Recent market data showed that total NFT market capitalization climbed to approximately $2 billion in late April and early May before declining to around $1.4 billion. Total NFT market cap over the past 3 months (Source: CoinGecko)