Fantom Foundation Employee Loses $7 Million in Crypto Exploit!

Fantom Foundation Employee Loses $7 Million in Crypto Exploit!

Crypto Live News

Author: Mustafa Mulla

Mustafa Mulla

Author

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Oct 17, 2023 20:47

An employee of the Fantom Foundation has reportedly lost at least $7 million in crypto after falling victim to a zero-day exploit in the Chrome browser. According to Fantom Foundation Director Andre Cronje, the employee’s personal funds were stolen; however, all foundation funds are believed to be secure. The attack was publicly highlighted by a pseudonymous cryptographic individual known as Spreek on X. The stolen funds are said to be in the form of 4,500 ETH, worth around $7 million.

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