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The Fantom Foundation, the organization behind the Fantom network, has suffered a major hack resulting in the theft of approximately $6.7 million in cryptocurrency. The hack was first disclosed by on-chain investigator Spreek and later confirmed by the foundation. Attackers used a phishing attack to steal funds from multiple wallets, including a team member's wallet that was drained of $3.4 million. The stolen funds were consolidated into one address, which now holds about $7 million. The incident raises concerns about the security of cryptocurrency networks and the need for improved measures to protect user funds.
ICYMI: Fantom Foundation employee loses at least $7 million of crypto in exploit https://t.co/HCIXAitwz7
ANOTHER ONE - FANTOM FOUNDATION HACKED FOR ROUGHLY $6.7M The Fantom Foundation, the organization behind the Fantom network, is reported to have been hacked for an estimated $6.7 million in cryptocurrency. The hack was disclosed by on-chain investigator Spreek and later confirmed… https://t.co/235OM2so4c https://t.co/5clIgduhmp
.@FantomFDN wallets have been drained, with the exploiter transferring $657,000 to a wallet holding $7 million. Reporting by @oknightcrypto https://t.co/IF1tyjibVK
🚨 Fantom @FantomFDN Wallets Drained in Phishing Attack Attackers consolidated the stolen funds into one address which now holds about $7M, @CertiKAlert said. Fantom team member wallet was drained of $3.4M, according to @spreakaway. More here 👇 https://t.co/7LOUuOLvxC https://t.co/nzTG1XiO7r
Fantom Foundation employee loses at least $7 million of crypto in exploit https://t.co/uZ2pK1pe5j
🚨 BREAKING: Fantom Foundation @FantomFDN wallets have suffered a phishing attack. Fantom Wallets were drained on Ethereum and Fantom. Stolen funds have been consolidated in address holding about $7M. $FTM #hack Source: @CertiKAlert & @spreekaway
ICYMI: Hacker returns 90% of stolen funds to Stars Arena following exploit https://t.co/XbxvCM8Jzm
#PeckShieldAlert Fake_Phishing187019 has stolen ~43 $stETH (~$67K) through a *Token Approval* #phishing https://t.co/zF7jLxkzH9