LiveArtX Has Destroyed All 197 Stolen NFTs, Will Compensate Buyers of Stolen NFTs

According to The Block, the NFT platform LiveArtX released an update on the stolen incident. After soliciting feedback from the community, the team has destroyed all 197 stolen NFTs to reduce the total number of circulation, and will also compensate buyers who purchased stolen NFTs. LiveArt CEO Boris Pevzner said they did not communicate with the hackers because they did not want to negotiate, and the company has filed a police report in the US state of Delaware and believes it may be able to identify those responsible. Foresight News previously reported that LiveArtX stated that hackers had stolen a total of 197 NFTs, had upgraded the contract and frozen the stolen NFTs.