Fantom Foundation Wallets Hacked: $657,000 Gone In A Flash
Portfolio Pulse from Murtuza Merchant
Fantom Foundation's wallets have been breached, leading to a loss of $470,000 from their FTM wallet and $187,000 from the Ethereum platform. This caused a 4.8% dip in FTM's value to $0.1778. The misappropriated funds have been moved to a wallet currently containing roughly $7 million in Ether.
October 17, 2023 | 9:49 pm
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NEGATIVE IMPACT
The Ethereum platform was also affected by the breach, with a loss of $187,000.
The security breach at Fantom Foundation also affected the Ethereum platform, leading to a loss of $187,000.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Fantom's value dipped by 4.8% due to a security breach in their wallets.
The security breach led to a significant loss from Fantom's wallet, which directly impacted its value causing it to dip by 4.8%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100