The Fantom Foundation, a blockchain platform, has fallen victim to a security breach resulting in the loss of nearly a million dollars in cryptocurrencies. The hack, which was confirmed by blockchain security platform CertiK, saw Ethereum and Fantom coins worth $657,000 drained from the wallets of the Fantom protocol. However, the foundation assured users that its core assets, stored in cold wallets, remained unaffected. The breach was discovered after users noticed discrepancies and alerted the Fantom team. The perpetrator, using the alias “Fake_Phishing188024,” exploited a zero-day vulnerability in Google Chrome to carry out the attack. Investigations are ongoing to determine if there were other methods involved. This incident adds to the growing number of crypto exploits recorded this year. Such hacks have become increasingly common in the industry, with other platforms like Multichain MPC bridge and Dogechain bridge also experiencing significant losses. The prevalence of these cyber attacks highlights the need for enhanced security measures within the cryptocurrency ecosystem.
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 | Global |
| Countries | |
| Sentiment | negative |
| Relevance Score | 1 |
| People | None |
| Companies | Ethereum, Fantom Foundation, Wrapped Ethereum (WETH), USD Coin (USDC), CoinEX, Wrapped Bitcoin (WBTC), Multichain MPC bridge platform, Google Chrome, Dogechain bridge, CertiK |
| Currencies | Fantom, Ethereum |
| Securities | None |
