Several non-fungible tokens (NFTs) from LiveArtX’s Meta-morphic: Seven Treasures Collection were stolen early Monday. The exploiter gained access to the platform’s treasury wallet and transferred 197 NFTs to a wallet with the address “0x5f7848EC0286304DC5FE6497AF4B3C0FeaD6A920,” then began selling the NFTs at much lower prices than their previously listed values, breaking the collection’s floor price. The collection’s price dropped from 1 ether (ETH), or around $1,300, to 0.1 ether, or $130. According to LiveArtX, the stolen NFTs have been frozen, and the company is working to identify the attacker.
