NFT Theft Sees Significant Decline in July

In July, the volume of NFT theft witnessed a significant decline, dropping by 20% compared to the previous month. This information comes from a study conducted by PeckShield, a blockchain security company. The study revealed that the total value of stolen NFTs in July amounted to $1.73 million, which was a 20% decrease from June's figure of $2.27 million. Furthermore, it represented an astounding 89% drop from the record-breaking $16.2 million in stolen NFTs reported in February.



The research by PeckShield mainly focused on the monetary value of the stolen NFTs and also shed light on the quick turnaround by hackers. Interestingly, within just 165 minutes of being stolen, half of the pilfered NFTs were already sold on various marketplaces. The report provided insights into the platforms used for these transactions, with Blur


Read more about NFT Theft Sees Significant Decline in July


#Adoption, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #NFT, #Regulations