A new report from blockchain security firm PeckShield found that half of stolen nonfungible tokens (NFTs) get sold within 160 minutes on various NFT marketplaces like Blur and OpenSea. 

On July 3, PeckShield highlighted several 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 of NFTs were stolen in June 2023, the lowest monthly figure of the year so far. Furthermore, the data shows an 85% decrease compared with 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 selling stolen NFTs. In June, 99.7% of stolen NFTs went to those two platforms, with Blur handling 86% and OpenSea 13.76%.

Meanwhile, a decentralized autonomous organization (DAO) comprised of holders of the popular NFT collection Azuki has proposed hiring a lawyer to take legal action against Azuki founder Zagabond. The group aims to get hold of the $39 million worth of Ether ETH $1,962 earned from the recent sales of Azuki’s new collection called “Elementals.”

According to AzukiDAO, allocating the funds to the DAO will promote the growth of the entire Azuki community.

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