Fantom Foundation Wallets Hacked and Drained in Phishing Attack – Crypto News – Crypto News
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Fantom Foundation Wallets Hacked and Drained in Phishing Attack – Crypto News

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2 years ago

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The attackers consolidated the stolen funds into one address which now holds about $7 million

The Fantom Foundation, the organization behind the Fantom blockchain, has been hit by a phishing attack.

Attackers drained funds from the Fantom Foundation’s wallets on Ethereum and Fantom, according to cybersecurity firm Certik. The attackers consolidated the stolen funds into one address which now holds about $7M, Certik said.

The FTM token is down 4.4%m while BTC is up more than 1% and ETH is little changed.

FTM 24hr Price

At least two wallets were affected in this attack. Fantom Foundation Wallet 20 lost around $470,000 on the Fantom blockchain, and Fantom Foundation Wallet 18 lost at least $187,000 on Ethereum, Certik said.

A wallet belonging to a Fantom team member was drained of $3.4M, X user @spreakaway posted. Certik credited the user with providing information on the attack.

No further details about the incident have been released by the Fantom Foundation, which also didn’t reply to a request for comment.

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