Blockchain security company PeckShield's recent report has shown that NFT thefts declined by over 30% in March.

 

Blockchain security company PeckShield's recent report has shown that NFT thefts declined by over 30% in March.   Malevolent actors stole $10.9M of NFTs last month, down from $16.2M of NFTs stolen in February.  The report pointed out that half of the stolen NFTs were sold on NFT marketplaces within just two hours. Blur became the marketplace most preferred by NFT thieves, with a 74.9% rate.  OpenSea also hosted 19.5% of stolen NFTs. Blur's large portion was attributed to its strong growth overall in Q1. Another recent report from Web3 data platform DappRadar has revealed that NFT trading volumes hit $4.7B in Q1, with a 137.04% increase compared to the previous quarter, reaching the highest levels since Q2 of last year.