Blur’s Front End Shuts Down; Tens of Millions in Approvals Still Need to Be Revoked
- Yuga Labs VP Quit warned that Blur’s contracts support upgrades and the team appears to have disbanded. NFT approvals worth tens of millions of dollars are still active on the contracts.
- Last month, an NFT marketplace’s contract was exploited, resulting in losses of several million dollars. Some of the funds were later recovered.
$BLUR is under short-term pressure, and sentiment across the NFT sector is weakening along with it. Leaving approvals active means putting your asset security in the hands of another team’s operations.
If you still have approvals active, are you going to revoke them now, or take your chances?
- Yuga Labs VP Quit warned that Blur’s contracts support upgrades and the team appears to have disbanded. NFT approvals worth tens of millions of dollars are still active on the contracts.
- Last month, an NFT marketplace’s contract was exploited, resulting in losses of several million dollars. Some of the funds were later recovered.
$BLUR is under short-term pressure, and sentiment across the NFT sector is weakening along with it. Leaving approvals active means putting your asset security in the hands of another team’s operations.
If you still have approvals active, are you going to revoke them now, or take your chances?