Cryptocurrency [loss] $7M+

"Fantom Foundation confirms $550K loss in broader $7M attack"

2023-10-17 [vendor] Fantom wallet [chain] ethereum, fantom
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

  1. 2023-10-17 Breach occurred
  2. 2023-10-17 Publicly disclosed