Cryptocurrency [loss] $164,000

Tweet by CertiKAlert

2024-06-23 [vendor] Farcana token plunge [chain] polygon
Primary Source ↗
Financial Loss $164,000 (164,000 USD)
Blockchain(s) Polygon

Incident Details

The token for the Farcana blockchain shooting game plummeted in value by around 60%. First, the project team announced that one of the project wallets had been compromised. However, they later deleted that tweet, then claimed that one of their market makers had been compromised. They emphasized that their wallets had not been hacked, and that their smart contracts had not been exploited.23.8 million FAR were taken from a wallet, and the majority were sold for around $164,000 in USDT. The exploiter still holds 3.4 million FAR, which are notionally worth $83,250 but not likely to be sellable for that amount.Farcana raised $10 million in seed funding in November 2023 from investors including Animoca and Polygon Ventures.

Total loss estimated at $164,000.

Technical Details

Initial Attack Vector
Smart contract vulnerability exploit
Vendor / Product
Farcana token plunge

Timeline

  1. 2024-06-23 Breach occurred
  2. 2024-06-23 Publicly disclosed