Cryptocurrency
[loss] $19M+
"Animoca Brands’ Lympo NFT platform hacked for $18.7 million"
Primary Source ↗Financial Loss
$18.7M
(18,700,000 USD)
Blockchain(s)
Ethereum
Incident Details
Animoca Brands’ subsidiary Lympo, an NFT platform specifically for sports, experienced a breach of several hot wallets. This allowed an attacker to pull 165.2 LMT tokens from the platform, equivalent to about $18.7 million. The tokens were quickly exchanged for Ether on Uniswap and Sushiswap. The hack caused the value of LMT to drop by 92%, to $0.0093.
Total loss estimated at $18,700,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Lympo
Timeline
- 2022-01-10 Breach occurred
- 2022-01-10 Publicly disclosed