Major NFT Indicies Stable After NFT Trader Hack
Summary
Nansen's NFT-500 and Blue-Chip-10 indexes remained relatively stable despite the theft of nearly $3 million of non-fungible tokens (NFTs) from trading platform NFT Trader. The perpetrator demanded a ransom of 120 ETH ($260,000) for the return of the NFTs. However, a community effort led by the decentralized autonomous organization (DAO) Boring Security, along with Yuga Labs' Greg Solano, were able to recover almost all of the stolen assets. Despite the lack of market fluctuation due to the hack, Nansen’s NFT-500 index and Blue Chip 10 index are down 49% and 45% respectively year-to-date in ether value, while the value of ether has increased by nearly 80%.
