Half of stolen NFTs are sold within 3 hours: PeckShield

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Half of stolen NFTs are sold within 3 hours: PeckShield
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June showed an 85% decrease in the value of NFTs stolen compared to February when stolen NFT value recorded a high of $16.2 million.

A new report from blockchain security firm PeckShield found that half of stolenOn July 3, PeckShieldseveral data points on NFTs including the value stolen in June, how long it takes for stolen NFTs to be sold, and which NFT marketplaces are used to sell the stolen assets.

According to the security company, $2.27 million in NFTs were stolen in June 2023. This marks the lowest amount of stolen NFTs in 2023. Furthermore, the data shows an 85% decrease compared to February when the value of stolen NFTs reached a high of $16.2 million.

Meanwhile, Blur and OpenSea have been the go-to marketplaces for stolen NFTs to get their first sale. 99.7% of stolen NFTs in June went to those two platforms, with Blur handling 86% and OpenSea 13.76%.

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