#fantom

Fantom Foundation Wallets Drained about $657k in Ether and FTM

Fantom Foundation, the developer of a leading layer one (L1) blockchain with a vibrant DeFi ecosystem that has more than $40 million in total value locked (TVL), experienced a network attack that drained some of the employees’ wallets. According to an on-chain analysis compiled by Certik, wallets associated with the Fantom Foundation were drained about $657k worth of Ethereum (ETH) and its native token FTM. Specifically, Certik reported that 20 wallets lost approximately $470k in FTM and 18 different wallets lost attests $187k in Ether.