A new report from blockchain security firm PeckShield finds that half of stolen NFT tokens will be sold within 160 minutes on NFT exchanges such as Blur and OpenSea.
On July 3, PeckShield have reportedSeveral points of information about NFTs, including stolen values in June including how long it takes to sell stolen NFTs, and what markets NFTs are used to sell stolen assets.
According to the company, $2.27 million in NFTs were stolen in June 2023, the lowest monthly figure of the year. The data also shows an 85% drop compared to February. By then, the value of the stolen NFTs reached $16.2 million.
In addition to the missing amounts in NFTs, the company found that half of the stolen NFTs were sold within three hours. This indicates that it didn’t take long for hackers to profit from their illicit profits.
Blur and OpenSea have become major marketplaces for the sale of stolen NFTs, with as of June 99.7% of stolen NFTs were sold on both platforms, with Blur 86% and OpenSea 13.76%.
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