Fusion Network project wallet hacked and more than 13 million FSN tokens stolen
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Answer Fusion Network project wallet hacked and more than 13 million FSN tokens stolen
The Fusion Network project wallet was hacked last Saturday.
This was announced by DJ Qian, CEO of the Fusion project, on the official Telegram group of the wallet, and stated that the hack affected FSN coins and its token based on the ERC-20 protocol.
According to the CEO, 10 million FSNs and 3.5 million ERC-20-based FSNs were stolen, equivalent to 38% of the circulating supply, according to coinmarketcap.
As a result, the FSN was trading at less than $0.25, down around 50% on that day.
According to Source It appears that the lost money was about $6.4 million at the time of the hack.
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In the wallet’s Telegram group, Mr. Qian said:
“After the theft, we found that the hacker continued to transfer the stolen FSN coins in disguise, and sent part of the coins to exchanges for sale.”
While the remaining FSN coins in the wallet were kept in a secure address of a cold storage wallet and the most famous exchanges were contacted to track the stolen coins and try to recover what can be returned.
The CEO added that he and his team are developing a program to track stolen FSNs.
Mr. Qian hinted that the hacker had access to the private keys of the company’s wallet and was responsible for the hack.
It may seem that a member of the Fusion Network team is the one who stole and moved the cryptocurrencies and toppled their price by more than 50 percent in just a few hours.
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