Fantom Foundation employee loses $ 7 million from exploit

Fantom Foundation employee loses $ 7 million from exploit

• Andre Cronje, director of the Fantom Foundation, reported that an employee has lost crypto worth $ 7 million through a phishing attack.
• However, all funds of the Fantom Foundation were safe.
• The FTM Prize fell according to the news.

An employee of the Fantom Foundation lost a phishing attack on his personal wallet crypto worth $ 7 million. The exploit had no effect on the funds of the users or the Fantom Foundation, said co -founder and architect Andre Cronje in a statement of the block .

earlier reports in which it was incorrectly pointed out that the exploit ended with the fact that the attacker had emptied the wallet of the Fantom Foundation led to a strong slump in native fantom (ftm) tokens. But while the Zero-Day Exploit supposedly aimed at the wallet of an employee, the FTM Prize had difficulty gaining dynamics.

fantom price falls from

fantom was previously traded at high levels at high levels a day. However, when the news about the exploit came onto the market (in the version that the Fantom Foundation had been hacked), the FTM price quickly fell to $ 0.17. The decline of almost 10 % caused the price of the old coin to give up all the profits that were recorded on Monday, the price at the broader level shot market volatility.

The contribution "Employee of the Fantom Foundation loses $ 7 million through exploit" first appeared on Coinjournal.

Source: Coinlist.me