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Decrypting the Fantom Foundation Hot Wallet Hack: A Closer Look into the Wallet Transactions…

2023-11-01, UppsalaSecurity
https://medium.com/sentinel-protocol/decrypting-the-fantom-foundation-hot-wallet-hack-a-closer-look-into-the-wallet-transactions-83bd0c4030c1
#Fantom

Contents

Decrypting the Fantom Foundation Hot Wallet Hack: A Closer Look into the Wallet Transactions following the incident
Singapore, November 1st 2023 — In the ever-evolving landscape of cryptocurrencies, security remains a paramount concern. On October 17th, Cointelegraph released an article mentioning an incident involving one of the Fantom Foundation’s hot wallets, which led to the loss of $550,000 worth of cryptocurrency through a vulnerability in the official Fantom wallet. This serves as a stark reminder of the vulnerabilities that can be exploited in the digital realm. In this article, however, we will delve into the details of this cybersecurity breach, examining the trajectory of the stolen tokens/the perpetrators’ actions after the incident.
The Fantom Foundation Hot Wallet Hack
The incident, which unfolded a couple of weeks ago, sent shockwaves through the crypto community as it came to light. A few wallets belonging to the Fantom Foundation, a prominent player in the blockchain space, …

IoC

0b1F29DF74A19C44745862ab018D925501FE9596
1d93c73d575b81a59ff55958afc38a2344e4f878
2F4F1D2C5944Dba74E107d1e8E90e7C1475f4001