Hackers Drain $7 Million in ETH and FTM from Fantom Foundation
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The Fantom Foundation was hacked, with wallets drained of over $7 million worth of ETH and FTM.
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CertiK Alert confirms losses of $470k FTM and $187k ETH from Foundation wallets.
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Hacker consolidated funds into a single Ethereum address holding 4,501 ETH (~$7 million).
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This hack comes after $889 million in crypto was lost to hacks and scams in Q3 2023.
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The Q3 losses exceeded the total losses for the first half of 2023, which were around $330 million in Q1 and $333 million in Q2.