Fantom-based protocol Fantasm suffers $2.6M exploit🚨
Events Under the Spotlight
Top MLB Insider’s Twitter Account Gets Hacked
- Jeff Passon’s, an ESPN insider’s Twitter account, was hacked.
- Passan’s account got taken over by a user trying to promote NFTs.
- Multiple retweets from an NFT website immediately followed — and everyone knew that Passan had been hacked.
PirateX — an NFT adventure gaming platform was attacked
- When users deposited tokens in the smart contract, their tokens were routed to an EOA account and,
- The funds were returned when the users withdrew their tokens.
- The smart contract will call the
Transferfromfunction for the same.
- The attacker made a profit of 212 BNB performing this.
Fantom’s DeFi Fantasm Finance (FSM) Exploited; $2.73M Lost
- Fantasm Finance, an algorithmic trading platform on the Fantom network’s collateral reserves, was exploited.
- The hacker exchanged all the profits of $2.73 Million (1,007 ETH) for ETH routing the funds through
Tether Shiba Rug Pull
- Tether Shiba, a meme coin on BSC, rug pulled investors by deleting their social media accounts.
Bacon Protocol Hacked: Reportedly $1M Lost
- Bacon Protocol, a platform that allows homeowners to mortgage their properties as NFT, suffered a re-entrancy attack in the contract.
- The attack enabled the attacker to pocket more
$bHOMEtokens than they should, suffering a total $1 million loss.
To the Numerophiles out there 🔢
- The report says that trading in NFTs spiked
21,000%to more than $17 billion in 2021.
More From the Editor’s Desk
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Utility NFTs are the next natural step of NFTs — they encompass what’s good about NFTs and make things even better for buyers by including attractive, redeemable perks that come with owning the NFT.
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