Theft of $2.27 million worth of NFTs in June sees decrease
According to PeckShieldAlert, approximately $2.27 million worth of NFTs were stolen in June, representing a 23% decrease compared to May. The majority of the stolen digital collectibles were dumped on the Blur NFT marketplace, followed by OpenSea. Within just 160 minutes, half of the stolen NFTs were sold on various marketplaces. Despite a decrease in NFT trading volumes due to market conditions, NFTs remain attractive to bad actors.
Bitcoin BRC20 NFTs hold second-highest trading volume
Bitcoin’s BRC20 NFTs, also known as Ordinals, have recorded the second-highest trading volumes in the last 30 days. However, Ethereum’s ERC20-based digital collectibles still dominate the market. In June, $2.27 million worth of NFTs were stolen, the lowest amount since January 2023. February saw the highest number of NFT thefts, totaling $16.2 million. The launch of the BRC-20 token standard on the Bitcoin network has solidified its position in the NFT space.
BRC20 NFT trading volume compared to Ethereum
CryptoSlam data shows that in the past 24 hours, BRC20 NFTs have recorded a trading volume of $2,372,926. This is dwarfed by Ethereum, which has recorded $24,905,125 in the same period. Despite lesser trading volumes, Bitcoin’s entrance into the NFT space has made a significant impact.
Closing Paragraph: NFTs Continue to be Hot Targets
The decrease in NFT thefts in June is a positive sign, but the fact that bad actors are still targeting NFTs highlights their value and desirability. The NFT market remains attractive to both investors and criminals alike. As the popularity of NFTs continues to rise, it is crucial for platforms and users to prioritize security and preventive measures.
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