$6.4M Worth of FSN Tokens Stolen From Fusion Network’s Swap Wallet

Fusion Network’s token swap pockets was compromised. Roughly a 3rd of FSN tokens was stolen because of this.

Fusion Foundation announced in a Medium publish revealed on Sept. 29 that its swap pockets was compromised, which resulted within the theft of 10 million native FSN and three.5 million Ethereum (ETH)-based ERC-20 FSN tokens. The complete price of stolen FSN tokens was estimated at round $6.four million at the moment.

The Foundation’s investigation has not revealed another affected wallets thus far. The alleged cybercriminal reportedly began to launder the cash already:

“After the currency was stolen, abnormal wash-trading behaviour occurred, and some of the stolen tokens were sold across exchanges, in particular Bitmax and Hotbit.”

Private key stolen

The attacker reportedly obtained entry to the pockets by stealing the personal key related to it. The writer of the publish claims that “the Fusion Protocol and technology itself has been and remains secure.”

In an try to forestall the laundering of the funds in query, deposits and withdrawals of FSN tokens have been reportedly suspended on cryptocurrency exchanges reminiscent of Huobi, OKEx, Bitmax, Citex and Hotbit. All the funds remaining within the token swap pockets had been moved to a chilly pockets, irregular transactions are being tracked. Lastly, the Foundation can also be engaged on some unspecified technological approaches to get well the funds.

As of press time, FSN is buying and selling at round $0.174 — over 66% decrease than the one it traded at yesterday, based on Coin360 data.

As Cointelegraph reported yesterday, Amerian Internet infrastructure agency Juniper Networks discovered a brand new adware that makes use of Telegram app to exchange crypto addresses with its personal.

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