Cryptocurrency [loss] $19M+

"Animoca Brands’ Lympo NFT platform hacked for $18.7 million"

2022-01-10 [vendor] Lympo [chain] ethereum
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

  1. 2022-01-10 Breach occurred
  2. 2022-01-10 Publicly disclosed