{"id":8365,"date":"2023-12-18T18:30:45","date_gmt":"2023-12-18T18:30:45","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=8365"},"modified":"2023-12-18T18:07:49","modified_gmt":"2023-12-18T18:07:49","slug":"nft-projects-minimal-impact-from-trader-hack","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/nft-projects-minimal-impact-from-trader-hack\/","title":{"rendered":"NFT Projects Experienced Minimal Impact from Trader Hack!"},"content":{"rendered":"

NFT Projects Experienced Minimal Impact from Trader Hack! The leading indices of the NFT market, the NFT-500<\/strong> and the Blue-Chip-10<\/strong>, followed an almost unchanged course after the 3 million dollar NFT theft<\/strong> from the trading platform NFT Trader<\/strong>.<\/p>\n

The NFT-500 index<\/strong> measured in Ether (ETH)<\/strong> fell by 0.88 percent, while the Blue-Chip-10 index<\/strong> faced a decline of 0.51 percent. The hacker demanded a ransom of 120 ETH (260 thousand dollars) to return the stolen NFTs<\/strong>.<\/p>\n

You May Be Interested:\u00a0Blockchain Commission Rates Soared Over The Weekend!<\/a><\/p>\n

Thankfully, a large part of the stolen collection was recovered as a result of the intense efforts of the decentralized autonomous organization (DAO) Boring Security<\/strong>.<\/p>\n

DAOs<\/strong> are organizations governed by codes instead of leaders. NFTs<\/strong> are unique assets that provide ownership opportunities for players and collectors over digital items through crypto assets.<\/p>\n

The experienced hack event<\/strong> had a limited impact on the market, but the NFT-500 index<\/strong> has seen a 49% decrease<\/strong> since the beginning of the year, and the Blue-Chip-10 index<\/strong> has seen a 45% decrease<\/strong>.<\/p>\n

This event could focus the future security measures of NFT projects<\/strong> along with the growing concerns about the security and resilience of the crypto community.<\/p>\n

Don’t Forget to Follow Us on Google News<\/strong> By Clicking Here<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

NFT Projects Experienced Minimal Impact from Trader Hack! The leading indices of the NFT market, the NFT-500 and the Blue-Chip-10, followed an almost unchanged course after the 3 million dollar NFT theft from the trading platform NFT Trader. The NFT-500 index measured in Ether (ETH) fell by 0.88 percent, while the Blue-Chip-10 index faced a<\/p>\n","protected":false},"author":1,"featured_media":8364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[41,628,1404,3044],"class_list":["post-8365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-binance-nft","tag-how-to-create-an-nft","tag-nft-collections","tag-nft-projects"],"yoast_head":"\nNFT Projects Experienced Minimal Impact from Trader Hack! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"NFT Projects Experienced Minimal Impact from Trader Hack! 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