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Yuga Labs stories

Jun 8, 2026

Yuga Labs Executes White-Hat Rescue of 68 NFTs Worth $500,000+ From Flooring Protocol Exploit

Yuga Labs-affiliated developers coordinated a white-hat operation to rescue 68 high-value NFTs including Bored Apes and CryptoPunks from vulnerable Flooring Protocol pools before attackers could drain them, using the company's GrailsOTC trading desk.

Jun 8, 2026·4 sources
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Apr 9, 2026

Yuga Labs Settles Long-Running Trademark Lawsuit with Ryder Ripps Over Bored Ape NFTs

Bored Ape Yacht Club creator Yuga Labs reached settlement with artist Ryder Ripps and partner Jeremy Cahen, ending multi-year legal dispute over RR/BAYC NFTs that claimed to parody the collection.

Apr 9, 2026·2 sources
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Top claims

  • ▪Yuga Labs CEO Michael Figge instructed GrailsOTC to front the capital and NFTs needed to pull the at-risk assets out of Flooring Protocol.
  • ▪Flooring Protocol advised FPv2 token holders to redeem assets and exit fractional positions before October 2025.
  • ▪CryptoPunks carry a floor price of approximately 32.7 ETH, or roughly $54,612 per token, as of June 8, 2026.

Topics

DeFi security exploitsDeFiNon-Fungible Tokens (NFTs)Landmark crypto cases

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