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Fantom Foundation, the entity behind the Fantom blockchain, has revealed that their wallets have been drained of over $550,000 worth of cryptocurrency.

Fantom Foundation's wallets were reportedly compromised with a suspected Google Chrome zero-day exploit. While the breach resulted in a loss of $550K from the Foundation's funds, over 99% of their assets remain secure.

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 CertiK, a blockchain security firm. Another report by “Spreakaway” on X alleges that one of Fantom's team members also lost $3.4 million.

The foundation behind the Ethereum (ETH) rival Fantom (FTM) just suffered a major exploit, according to blockchain security experts. According to posts on social media platform X from CertiK Alert, wallets belonging to the Fantom Foundation have just been drained of ETH and FTM.

Fantom (CRYPTO: FTM) blockchain's foundational wallets have reportedly experienced a significant breach, according to blockchain security expert Certik. The breach led to the loss of $470,000 from their FTM wallet and $187,000 from the Ethereum (CRYPTO: ETH) platform, causing a subsequent 4.8% dip in FTM's value to $0.1778.

The Fantom Foundation confirmed that it and its employees collectively lost hundreds of thousands of dollars worth of crypto in an attack on Oct. 17. Fantom announced on Twitter/X: “We are aware of reports indicating a small number of Fantom wallets were compromised earlier today.

Fantom (FTM) fell 5% after hack took place, which still has no known cause or suspect.

The Fantom Foundation is grappling with a security breach that compromised its blockchain networks. Hackers exploited a zero-day vulnerability in Google Chrome, directly impacting the foundation's operations.

Fantom Foundation is a well-known player in the decentralized market, and it has recently been a victim of hacking. The breach was a result of an attack by a fake phishing account that drained the foundation of its millions.

The blockchain platform reportedly suffered a significant security breach that siphoned off crypto assets.

Fantom Foundation has incurred heavy losses due to a zero-day exploit on Chrome The foundation's

Fantom Foundation witnessed heavy losses due to a zero-day exploit on Chrome. While the exact amount lost due to this hack remains unknown, speculations have run amok on social media platforms.

In a devastating blow, the Fantom Foundation falls victim to an exploit draining millions from its wallets across Ethereum and Fantom. Blockchain security firm CertiK Alert reported that Fantom Foundation wallets were recently compromised. The exploit resulted in major losses across Ethereum and Fantom.

According Blockchain security platform CertiK, Fantom Foundation Wallet Hack Results in Loss of $657,000 Million across both the Fantom and Ethereum networks.

The foundation wallets of the Fantom blockchain have been drained on both Ethereum and Fantom, according to blockchain security analyst Certik.

Fantom Foundation's wallet was reportedly drained of funds by a “Fake_Phishing” account.

The Fantom Foundation has reportedly suffered a significant security breach due to a zero-day exploit on Chrome, leading to the theft of at least $657,000 across its blockchain networks.

A Fantom Foundation employee lost millions of dollars worth of crypto today in a hack, as confirmed by Andre Cronje.

Key Points: Fantom Foundation loses administrator Jane within the official Telegram community, the news of substantial losses incurred by the foundation has sent shockwaves through the crypto space.

A closely followed crypto strategist is warning that an Ethereum (ETH) challenger that's down about 65% this year will likely witness more sell-off events if the altcoin loses its immediate support.

The biggest crypto exchange, Binance, is making changes to Binance Liquid Swap. They're taking down certain important liquidity pools, such as XRP, Fantom (FTM), Optimism (OP), and Decentraland (MANA).

The world's largest crypto exchange Binance on Tuesday said it is removing selected liquidity pools on Binance Liquid Swap. The crypto exchange is taking down some key liquidity pools including XRP, Fantom (FTM), Optimism (OP), and Decentraland (MANA).

The decentralized finance (DeFi) landscape has been riddled with vulnerabilities, and the recent Multichain hack has added another dark chapter to its history. Fantom, a high-performance, scalable and secure smart contract platform, has been hit hard after its colossal $1.5 billion exploit, raising questions about its future viability.

Fantom's price dropped by more than 2% in the last 24 hours. Its open interest also went down slightly at the same time.