The Fantom Foundation has been drained of hundreds of millions of dollars from its crypto wallets by a phishing scammer, according to blockchain security firm CertiK.
Fantom is a smart contract and Dapp platform focused on enhanced speed, making transactions more efficient than other layer-one blockchains like Ethereum. Tuesday’s hack affects only the Fantom Foundation – not the blockchain itself.
Fantom Loses $7 Million
The foundation, which oversees development for the Fantom blockchain, lost at least $470,000 on Fantom and another $187,000 on Ethereum. According to CertiK, stolen funds have now been consolidated into a wallet holding roughly 4,500 ETH, worth approximately $7 million.
“Estimated loss is ~$7m across multiple wallets,” said CertiK.
On-chain data shows that the hacker’s wallet has received a variety of tokens from Fantom, including ETH, Tether (USDT), USD Coin (USDC), Dai stablecoin (DAI), Convex token (CVX), Fantom USD (FUSD), and others.
According to pseudon
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