The Fantom Foundation, a smart contract and Dapp platform, has fallen victim to a phishing scam resulting in the loss of hundreds of millions of dollars from its crypto wallets. The hack, which affected only the foundation and not the blockchain itself, saw the theft of approximately $7 million worth of funds, including ETH, Tether, USD Coin, and others. The hacker’s wallet now holds around 4,500 ETH. It is believed that the hacker may be familiar with the DeFi ecosystem, as they unwound complex DeFi transactions. The identity of the hacker remains unknown. The Fantom token price dropped by 4.52% following the hack. The North Korean Lazarus Group, known for its involvement in previous crypto hacks, is a possible suspect. However, Russian entities are also considered likely culprits in the case. Neither CertiK nor the Fantom Foundation have provided immediate comments on the incident.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | |
| Sentiment | negative |
| Relevance Score | 1 |
| People | None |
| Companies | Atomic wallet hack, Fantom Foundation, Lazarus Group, Elliptic, CertiK |
| Currencies | Fantom, Ethereum, Dai, Tether, USDC |
| Securities | None |
