Fantom Foundation Hacked Hacker, Crypto Worth IDR 10.3 Billion Raib

The Fantom Foundation was hit by a hacking attack. (Photo; Doc. CryptoBlast)

JAKARTA - In the growing crypto world, security threats are a major concern. Recently, the Fantom Foundation experienced a hacking attack that rocked the blockchain world. According to a recent report from Cointelegraph, hackers used zero-day vulnerabilities on Google Chrome to undermine the foundation's operations.

In this incident, it is estimated that large amounts of funds amounting to US$657,000 (equivalent to Rp10.3 billion) have been misused. The Fantom and Ethereum networks, which are an important part of the foundation, saw more than 35 wallets losing their resources. This is one of the biggest security incidents that rocked the blockchain world this month.

Information about this issue was first revealed in the internal communication of the Fantom Foundation community, especially on the Telegram platform. However, important assets of foundations stored in cold wallets (domets that are not connected to the internet in the form of physical wallets) remain safe, providing little entertainment in the midst of chaos.

Fantom Funds Drained

CertiK, the blockchain security watchdog agency, has officially confirmed this hack. Although there are differences in reports regarding the amount of financial losses, the community reports recorded around USD 657,000, the seriousness of this security gap still deserves to be pleasing.

An analysis of activity on the blockchain network revealed that the hackers, who used the alias "Fake_Phishing188024," managed to obtain various digital assets from the Fantom Foundation crypto wallet. However, the data shows that there are other transactions that are more worrying.

More than 1 million Fantom tokens were transferred from the foundation's Wallet 20 to an entity that uses the alias "Fake_Phishing32" name on the Fantom network. This kind of transaction shows the act of hacking private key, which is a crucial security compromise in the blockchain ecosystem.

Another Hacking Attack

This incident is not the only incident. According to CoinDesk, other digital platforms are also facing serious threats. TrueUSD recently experienced a security breach due to the vulnerability of third-party vendors revealing sensitive customer data. In addition, the Web3 platform called Galxe was also a victim of a DNS attack, which resulted in a loss of nearly US$500,000. All of these incidents highlight the increasing trend of digital attacks targeting decentralized blockchain and finance projects (DeFi).