The foundation behind the Ethereum (ETH) rival Fantom (FTM) just suffered a major exploit, according to blockchain security experts.
According to posts on social media platform X from CertiK Alert, wallets belonging to the Fantom Foundation have just been drained of ETH and FTM.
[adinserter block="1"]“Fantom Foundation wallets have been drained on Ethereum and Fantom
So far we can confirm:
Fantom: Foundation Wallet 20 lost ~$470,000 on FTM
Fantom: Foundation Wallet 18 lost at least ~$187,000 on ETH
We will continue to track.”
According to the pseudonymous online analyst Spreek, the hack is totaling up to nearly $7 million.
“Total attacker profit (may not all necessarily be from Fantom or related wallets) seems to be ~$6.7 million”
CertiK Alert also shares the Ethereum address of the apparent attacker.
“Stolen funds have been consolidated into EOA 0x0b1 which holds 4,501.48 ETH (~$7 million)”
Earlier this month, blockchain security firm Beosin EagleEye reported that $889,260,000 in crypto has been lost to hacks, scams and rug pulls in Q3 of 2023 alone.
“Among them, 43 major attacks resulted in a total loss of approximately $540.16 million. Phishing scams accounted for a total loss of approximately $66.15 million, and there were 81 rug pulls with a total loss of approximately $282.96 million…
The losses in Q3 2023 exceeded the total for the first half of 2023. The losses were about $330 million in Q1 2023 and $333 million in Q2 2023, while reaching $889.26 million in Q3.”
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