NFT thefts worth $2.95 million in May have raised concerns about the security of the market. Despite a decrease in overall NFT volumes, there has been an increase in demand for Blue Chips. The theft of NFTs has increased, with 50% of the stolen NFTs being sold on various marketplaces within 130 minutes. Despite the decline in NFT volumes, there has been a surge in demand for Blue Chips in the marketplace over the last week.
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NFT Thefts Reach $2.95 Million in May, Raising Security Concerns, While Blue Chips Experience Increased Demand
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