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The momentary opening of the frozen bridge raised suspicion of it being an insider job as the trader in question was the only beneficiary. A wallet address turned nearly 1.9 million FTM worth $280,000 to $1.9 million within hours of exploit ing the long-frozen Multichain Bridge opening momentarily, leading to insider job speculations among the crypto community . The Multichain Bridge, frozen since its exploit in July 2023, opened momentarily and closed again on Nov. 1. The wallet seized the opportunity of the momentarily opened bridge to make millions of dollars in profits. looks like someone was able to drain ~$1MM from @MultichainOrg in the last ~3 hours even though it's supposed to be frozen withdrew 1.2MM $FTM from binance on @FantomFDN traded for multichain WBTC/ETH/USDT bridged out and deposited back to binancehttps://t.co/pP5GluGUH1 pic.twitter.com/AbUJVQBmds — devops199fan ⌐◨-◨ (@devops199fan) November 1, 2023 Several depegged assets, such as WBTC, cost less on ...

Fantom Foundation director Andre Cronje reportedly confirmed that an employee lost $7 million worth of crypto to a phishing attack. However, all Fantom Foundation funds were safe. FTM price did fall following the news. A Fantom Foundation employee has lost $7 million worth of crypto after a phishing attack on their personal wallet. The exploit did not affect user funds or those of the Fantom Foundation, co-founder and architect Andre Cronje said in a statement quoted by The Block . Earlier reports that falsely pointed out that the exploit had ended with the attacker draining the Fantom Foundation’s wallets saw the native Fantom (FTM) token plummet sharply. But while the zero-day exploit is said to have targeted an employee ’s wallet, FTM price has struggled to pick up momentum. Fantom price plummets on exploit news Fantom traded to highs near $0.19 earlier in the day. However, as the exploit’s news hit the market (in the version that ...

Join Our Telegram channel to stay up to date on breaking news coverage Security company Halborn recently published a warning, indicating that more than 280 different block chain networks are currently in danger of zero-day exploits that could potentially endanger nearly $25 billion in digital assets. The company published its warning in a tweet yesterday, March 13th, stating that it has discovered massive zero-day impacting Dogecoin, as well as over 280 other networks. The warning says that Litecoin and Zcash are also on the list, with their digital assets also at risk. Going further into detail, the company named the vulnerability “Rab13s,” noting that it has already contacted several block chain, including Dogecoin, Litecoin, and Zcash, in order to institute a fix for the flaw. 🚨 Halborn discovered massive #ZeroDay impacting Dogecoin and 280+ networks including Litecoin and Zcash, putting over $25 Billion of digital assets at risk! 🧵👇...