{"id":176037,"date":"2023-10-17T23:51:40","date_gmt":"2023-10-17T18:21:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176037"},"modified":"2023-10-17T23:51:40","modified_gmt":"2023-10-17T18:21:40","slug":"fantom-foundation-suffers-hack-via-google-chrome-flaw-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/fantom-foundation-suffers-hack-via-google-chrome-flaw-crypto-news\/","title":{"rendered":"Fantom Foundation Suffers Hack via Google Chrome Flaw – Crypto News"},"content":{"rendered":"

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The<\/span> Fantom Foundation<\/span><\/a> is grappling with a security breach that compromised its blockchain networks. Hackers exploited a zero-day vulnerability in Google Chrome, directly impacting the foundation\u2019s operations. This attack led to the illicit transfer of funds estimated at $657,000, marking one of the numerous security episodes unsettling the blockchain realm this month. The Fantom and Ethereum networks, integral to the foundation, witnessed over 35 wallets drained of their resources.<\/span><\/p>\n

Internal communications within the Fantom Foundation\u2019s community, <\/span>especially on Telegram<\/span><\/a>, brought this issue to light. Users were the first to disclose these unsettling developments. However, the foundation\u2019s substantial assets, primarily secured in cold wallets, remained untouched, offering relief amidst the turmoil.<\/span><\/p>\n

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Hackers Drain Fantom Wallets Heavily<\/strong><\/h2>\n

Blockchain security watchdog CertiK <\/span>officially confirmed<\/span><\/a> the intrusion. The compromised sum contrasts with the community reports, pegging the financial damage at a relatively modest $657,000. Despite the figures\u2019 discrepancy, the security lapse\u2019s gravity remains undiminished. Analysis of blockchain activities reveals that the attackers, masquerading under the identifier \u201cFake_Phishing188024,\u201d received various cryptocurrencies from the foundation\u2019s wallets.<\/span><\/p>\n

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The details get grimmer as data indicates another transaction. Over 1 million Fantom tokens were transferred from the foundation\u2019s Wallet 20 to an entity behind the alias \u201cFake_Phishing32\u201d on the Fantom network. These transactions typically suggest a private key theft, a critical security compromise for any blockchain entity.<\/span><\/p>\n

TrueUSD and Galxe Suffer Major Breaches<\/strong><\/h2>\n

This incident isn\u2019t isolated, as digital platforms face increased threats. Just recently, <\/span>TrueUSD experienced<\/span><\/a> a breach due to third-party vendor vulnerabilities, exposing sensitive customer data. The Web3 platform Galxe also fell victim to a DNS attack, incurring losses close to $500,000. These events highlight the escalating digital warfare targeting blockchain and<\/span> DeFi<\/span><\/a> projects.<\/span><\/p>\n

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Read Also: <\/b>FTX Bankruptcy Payout for Clients Expected by Mid-2024<\/span><\/a><\/p>\n

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\u2713 Share:<\/p>\n

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Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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The Fantom Foundation is grappling with a security breach that compromised its blockchain networks. Hackers exploited a zero-day vulnerability in Google Chrome, directly impacting the foundation\u2019s operations. This attack led to the illicit transfer of funds estimated at $657,000, marking one of the numerous security episodes unsettling the blockchain realm this month. The Fantom and […]<\/p>\n","protected":false},"author":2,"featured_media":176038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-176037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=176037"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176037\/revisions"}],"predecessor-version":[{"id":176043,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176037\/revisions\/176043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/176038"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}