In a significant event within the NFT space, CryptoPunk #2386, a highly valued 'Ape Punk,' was sniped for just 10 ETH ($23,000) due to a technical loophole in a fractionalization platform. The NFT, previously valued between 450 and 700 ETH, was part of a defunct fractionalization contract and was purchased at a fraction of its market value. The new owner has since received a high bid of 600 ETH ($1.4 million) for the NFT, representing a potential profit of 590 ETH. Despite this, the owner is not taking the bid. The incident has sparked debate over the security and ethical implications of fractionalized NFTs, with some calling it a heist and others a savvy investment. Thousands of fractional owners were unable to intervene in the sale.