The post Fantom Foundation Exploit – How Hackers Stole Nearly $7M Right Under Their Noses appeared first on Coinpedia Fintech News
In a devastating blow, the Fantom Foundation falls victim to an exploit draining millions from its wallets across Ethereum and Fantom.
Blockchain security firm CertiK Alert reported that Fantom Foundation wallets were recently compromised. The exploit resulted in major losses across Ethereum and Fantom.
According to CertiK, the Foundation lost around $470,000 in FTM tokens and at least $187,000 in ETH after a security exploit. Additionally, the stolen funds have been consolidated into a wallet holding 4,501 ETH valued at nearly $7 million.
#CertiKSkynetAlert
Fantom Foundation wallets have been drained on Ethereum and Fantom
So far we can confirm:
Fantom: Foundation Wallet 20 lost ~$470k on FTMFantom: Foundation Wallet 18 lost at least ~$187k on ETH
We will continue to track https://t.co/KnyqgaO4CB
— CertiK Alert (@CertiKAlert) October 17, 2023
An adm
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