Nansen’s NFT-500 and Blue-Chip-10 indexes were steady after nearly $3 million worth of non-fungible tokens (NFTs) were stolen from trading platform NFT Trader.
The Nansen NFT-500 index is down 0.88% when denominated in ether (ETH), while the Blue Chip 10 index is down 0.51%. The hack saw nearly $3 million worth of NFTs stolen, with the attacker demanding a ransom of 120 ETH ($260,000) for their return.
A community effort organized by decentralized autonomous organization (DAO) Boring Security led to the recovery of almost the entire stolen collection after Greg Solano of Yuga Labs contributed to a bounty.
DAOs are organizations governed by code rather than leaders. NFTs are crypto assets that give gamers and collectors ownership over their digital items.
While the hack didn’t cause much swing in the market, the Nansen NFT-500 index is down 49% in ether value this year, while the Blue Chip 10 index is down 45%.
In the meantime, ether is up almost 80% this year.