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Half of stolen NFTs are sold within 3 hours: Nifty Newsletter, June 28–July 4

Published 07/05/2023, 03:00 PM
Updated 07/05/2023, 04:40 PM

In this week’s newsletter, read about how stolen nonfungible tokens (NFTs) are sold within three hours after being pinched, and check out AzukiDAO’s plans to take back $39 million worth of Ether (ETH) from the founder of the Azuki NFT collection. In other news, investors in Logan Paul’s NFT gaming project CryptoZoo are still waiting for promised refunds from the YouTuber, and don’t forget this week’s Nifty News, featuring blue-chip NFT collections dropping in prices and Swiss bank Credit Suisse releasing NFTs to support women’s soccer.

A report published by security company PeckShield highlighted that half of all stolen NFTs are sold within 160 minutes on platforms like OpenSea and Blur. According to the security firm, 86% of the stolen NFTs they flagged were sold on Blur, while around 13% were sold on OpenSea.

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