Some Fantom Foundation's Wallets Drained due to Zero Day Exploit

Some Fantom Foundation's Wallets Drained due to Zero Day Exploit

According to information shared within the Fantom Telegram community, some wallets belonging to the Fantom Foundation were drained due to a zero-day exploit on Google Chrome. The losses were in "hundreds of thousands of dollars" and the foundation is "actively tracking the movements of the funds".

The drained wallets are Fantom Foundation's hot wallets, with some on Fantom and some on Ethereum. Most funds are on cold wallets, according to the Foundation.

As reported by The Block, after the incident, Fantom co-founder Andre Cronje said that the funds stolen on Fantom belonged to employees, not the foundation.

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com

Source

Fantom

Security Incidents

In This Article

Related News
North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Stablecoin neobank Infini exploited for $49 million: security analysts Stablecoin neobank Infini exploited for $49 million: security analysts
NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation
Lending Protocol Sonne Finance Exploited for $20M Lending Protocol Sonne Finance Exploited for $20M
Latest News More More
1 Hour Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
1 Day Ago JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
4 Days Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open