In a surprising turn of events, the NFT community seems to have gotten a reprieve from NFT thefts following a report by Peckshield which revealed that NFT thefts have dropped by 31% in July.
NFT Thefts on The Decline
Non-fungible tokens (NFTs) have experienced notable declines this month, and according to a Twitter report released by Peckshield, an industry-leading blocking security firm, the number of NFT thefts in July 2023 has also decreased significantly compared to the previous month in June.
The report revealed a decrease of 31% in July and a staggering 81% drop from February 2023 till the present. In July, $1.73 million worth of NFT assets were stolen, while February, labeled the worst year for NFT theft, saw an astonishing $16.2 million worth of NFTs stolen.
According to Peckshield’s report, a large percentage of NFTs stolen in July were quickly sold. In just over two hours, half of the stolen NFT assets were transported to NFT marketplaces and sold for an equivalent amount of money.
67.3% of the stolen NFTs were sold on blur.io, an NFT marketplace on the Ethereum mainnet. While 19.63% were sold on the world’s largest NFT marketplace, OpenSea, and over 10% were sold on the X2Y2 NFT marketplace.
#PeckShieldAlert In July 2023,…
