Following the exploitation of Flooring Protocol, several high-value NFTs were at risk. Yuga Labs' affiliated developers subsequently recovered 68 NFTs, including those from leading series such as Bored Ape Yacht Club and CryptoPunks. Yuga Labs CEO Michael Figge stated that these assets are currently held in escrow by the company and will be returned to their rightful owners once a repayment plan is finalized.
The recovered assets are valued at over $500,000.
0xQuit, VP of Blockchain at Yuga Labs, stated that the total value of the recovered NFTs exceeded $500,000. At the time of the report's publication, CryptoPunks had a floor price of approximately 33.9 ETH, equivalent to about $54,600; Bored Ape Yacht Club had a floor price of approximately 9.16 ETH.
The NFT market as a whole remains in a low-level phase, but the prices of top-tier series are still significantly higher than most projects. Recent data shows that the total market capitalization of the NFT market rose to approximately $2 billion in late April and early May, before falling back to approximately $1.4 billion.
Flooring Protocol has scaled back its NFT business.
Flooring Protocol, which was affected, had already begun scaling back some of its NFT-related business. In September 2025, the project announced that its consumer-facing Web3 service would be shutting down and reminded FPv2 token holders to redeem their NFTs and exit fragmented staking by mid-October.
The report mentioned that the platform had previously faced liquidity pressures and organizational restructuring, resulting in a lack of ongoing management for some NFT businesses. This also made the protocol's handling options more limited in the event of an attack.
The former person in charge claimed that his personal assets were also on the platform.
FreeLunchCapital, former CEO of Flooring Protocol, stated that he had been providing liquidity support for users to exit positions and had left some of his personal NFT assets on the platform. These assets ultimately became one of the main targets in this exploitation incident.
It also stated that it is communicating with the parent organization responsible for the management team, hoping to regain control of the protocol. Currently, the outside world is more concerned about two follow-up developments: when the NFTs in custody will be returned, and whether Flooring Protocol can resume effective management.
