Cryptocurrency
[loss] $7M+
"Fantom Foundation confirms $550K loss in broader $7M attack"
Primary Source ↗Financial Loss
$7.0M
(7,000,000 USD)
Blockchain(s)
Ethereum, Fantom
Incident Details
An attack targeting the Fantom Foundation and its employees siphoned $7 million from wallets under their control. Of that, around $550,000 were funds belonging to the Fantom Foundation. One individual employee reportedly lost $3.4 million.It’s not clear yet how the attack was perpetrated, although crypto researcher Spreek reposted a comment by an admin in Fantom’s Telegram channel, where they blamed the theft on a zero-day exploit in Google Chrome.
Total loss estimated at $7,000,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Fantom wallet
Timeline
- 2023-10-17 Breach occurred
- 2023-10-17 Publicly disclosed