Fusion Foundation Response to Compromised Wallet, Sept/28th

FUSION Foundation
Sep 29 · 1 min read

What Happened

Today, September 28th 2019, the Fusion swap wallet (0x8e6bDa71f3f0F49dDD29969De79aFCFac4457379) was compromised, resulting in theft of 10 million native FSN and 3.5 million ERC20 FSN token. Investigations so far show that this is the only wallet affected. Furthermore, as of now, we have not received any report that other holders’ wallet were impacted.

After the currency was stolen, abnormal wash-trading behaviour occurred, and some of the stolen tokens were sold across exchanges, in particular Bitmax and Hotbit.


Compromise of the swap wallet was due to the Private Key being stolen. The Fusion Protocol and technology itself has been and remains secure.

Remediation Actions Taken:

1. Primary exchanges OKEX, Huobi, Bitmax, Citex, Hotbit have suspended deposit and withdrawal of FSN tokens.

2. All remaining funds in the swap wallet have been transferred to a cold wallet

3. Abnormal transactions are currently being tracked, and there is uncertain evidence showing that theft may have been caused by personnel related to the Fusion Foundation. The Foundation is working closely with exchanges to gather further information and evidence.

4. We are working urgently to recover the stolen currency through technological approaches.

The Foundation deeply regrets this incident and its impact on the path of Fusion’s innovation. While private key theft is an industry-wide risk and occurrence, we clearly must strengthen the protection around our private keys.

In the face of such a challenge, we ask for unity and support from our community members with each other and for the Foundation, to get through this trial.

FUSION Foundation

Written by

An Exciting New Era of Cryptofinance for the Internet of Values.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade