NFT Thieves Cashed Out On Blur In March
According to data from blockchain security firm PeckShield, approximately $10.9 million in NFTs were stolen in March, with three-quarters of them first re-sold on the Blur marketplace.
On April 2, the firm tweeted from its alert-focused account that half of the stolen NFTs in March were sold within two hours of being stolen, with OpenSea accounting for 19.5% of the sales.
“$10.9 million in NFTs were stolen, a 32.72% decrease from the previous month.” “Within two hours, half of the stolen NFTs were sold on marketplaces,” the firm tweeted.
PeckShield did not elaborate on why NFT thieves flocked to Blur in March.
Notably, the stolen NFT activity on the marketplace was much lower in February, representing roughly 20% of the first sales of stolen NFTs despite the platform being in the middle of a token airdrop campaign.
(With inputs from Shikha Singh)
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