$ 6.5 million stolen from Fusion Network wallet. Project creators suspect insiders
The price of the Fusion token (FSN) has more than doubled since the developers of the financial blockchain platform Fusion Network announced that they had hacked their wallet. This is written by Decrypt.
According to a statement published on the night of Sunday by project representatives in the official group in Telegram, as a result of breaking into the wallet for exchanging FSN tokens in ERC-20 format for tokens of the project’s own network, a total of 10 million FSN coins of the main Fusion network and 3.5 million were stolen Ethereum-based FSN tokens.
According to CoinMarketCap, this is about 38% of the current cryptocurrency offer. The amount of stolen funds at the time of the hack was estimated at about $ 6.4 million.
“We found out that in order to conceal the address, the attacker moved the stolen FSNs by sending part of the tokens to exchanges for sale,” wrote DJ Qian, CEO of the Fusion Foundation.
According to him, the tokens remaining in the wallet were transferred to a safe cold storage, and the project representatives also contacted a number of large exchanges, where the stolen tokens allegedly went, including OKEx, Huobi and Bitmax.
DJ Qian also suggested that an attacker could be a person who had access to the private keys of a hacked wallet, noting that the evidence is enough to file a corresponding statement with the police.
Amid the hacking of the Fusion Foundation wallet, the FSN price went down sharply, falling by 52% over the past 24 hours. At the time of publication, the coin occupying 316th place in the CMC rating is trading at around $ 0.23. Shortly before the incident, its weighted average rate was just over $ 0.50.
Fusion Network is declared as a financial blockchain platform, offering users the ability to quickly and easily exchange cryptocurrency assets and create financial applications.
Recall that earlier in September, U.S. authorities charged two hackers suspected of breaking the EtherDelta exchange in December 2017.