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The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, has eliminated a significant vulnerability after a $550,000 hack in October.On Oct. 17, the Fantom Foundation suffered a hot wallet hack, with an unknown attacker draining 1% of Fantom Foundation’s funds. The foundation subsequently stopped using some of the
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In the final stretch of 2023, crypto investors are actively searching for new avenues of growth and diversification. In this quest, investors have been focusing their attention on Filecoin (FIL), Fantom (FTM), and Everlodge (ELDG). This article delves into their fundamentals and growth potential. Summary Filecoin is a decentralized storage protocol aiming to onboard
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The bear market from 2022 seems to be over, considering rising Bitcoin (BTC) prices in recent weeks. Altcoins, including Cardano (ADA), Meme Moguls (MGLS), and Fantom (FTM), have also been trending higher. Cardano surging ADA has been trending higher in the last three weeks to around $0.39 when writing. The uptick could be credited
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FTM, the native currency of the Fantom ecosystem, might be the next coin to follow and perhaps outperform Solana (SOL). This optimistic
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Two Fantom Foundation wallets on Ethereum and the Fantom Network have fallen victim to a phishing attack, losing over $650,000, according to reports from
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The Fantom Foundation, the developer of the Fantom network, has been hacked for over $550,000 worth of cryptocurrency. The foundation confirmed the attack on X, claiming that most of the funds stolen belonged to other users and that 99% of the foundation’s funds remain safe. The team is currently investigating
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The foundation wallets of the Fantom blockchain have been drained on both Ethereum and Fantom, according to blockchain security analyst Certik. Source
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SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer shut its doors in September after having treasury funds stuck on troubled cross-chain protocol Multichain.In an Aug. 16 community vote, SpiritSwap users passed a resolution to transfer the project to Power, a fellow nonfungible token platform and DEX that is
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SpiritSwap, a decentralized exchange (DEX) built on smart contract platform Fantom, will wind down operations from Sept. 1, citing exposure to troubled Chinese cross-chain protocol Multichain.In the Aug. 9 announcement via Discord, developers revealed that the Multichain hack left SpiritSwap's entire treasury drained and, therefore, "without the means to finance
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Fantom's co-founder Andre Cronje classified Multichain's debacle as a "big blow" to the smart contract platform, which saw a sharp decline in activity in the past weeks as a result of Multichain's problems. According to data from DefiLlama, Fantom's total value locked (TVL) dropped from over $364 million in early May
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