According to on-chain data, about two hours ago, multiple CryptoPunk NFTs were subject to high bids, including: Punk 5822 bid up to 8,888 ETH, worth approximately $19,587,819.67. Punk 3900 bids up to 6,969.69 ETH, worth approximately $15,360,151.99. Punk 7804 bid for up to 7,233 ETH, worth approximately $15,940,447.76. Punk 7523 bids up to 4,750 ETH, worth approximately $10,468,287.96. Punk 6089 bid up to 5,500 ETH, worth approximately $12,121,175.54. In response, Garga.eth, co-founder of Yuga Labs, warned in a post on the X platform that someone was using flash loans to cheat bids in the CryptoPunks market.