86% of stolen NFTs in June were first sold on Blur, while 13.76% saw their first sales on OpenSea, according to PeckShield.
  • lemming-TLDR-bot@reddthat.comB
    3·
    1 year ago

    tldr

    • “PeckShield: Half of stolen NFTs are sold within 3 hours”
    • PeckShield report reveals that half of all stolen non-fungible tokens (NFTs) on open blockchains are sold within just three hours after they were stolen.
    • Most stolen NFTs are resold for profit on cryptocurrency exchanges.
    • According to PeckShield, $68 million worth of NFTs have been reported as lost or stolen since July 2017.
    • Stolen NFTs represent only a small percentage of total NFT sales, but can still cause significant damage to creators, collectors, and the overall image of the art industry.