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In a high-stakes cyber saga, Fantom Foundation narrowly averted a potential loss of up to $170 million, thanks to the quick thinking and expertise of an unnamed security researcher. The Foundation, in a recent blog post dated November 20, revealed that it had rewarded the researcher a whopping $1.7 million for uncovering a dormant admin token vulnerability in a compromised wallet exploited just last month.

Fantom Foundation paid $1.7 million to a security researcher who discovered a dormant admin token vulnerability in a wallet that was exploited last month. The vulnerability could have resulted in the loss of up to $170 million, according to a Nov. 20 blog post.

In the aftermath of Fantom's $550,000 hack in October, a security researcher found that the attacker could have stolen as much as $170 million.

As the crypto bull market continues to develop, certain altcoins are leading the way. Kaspa, Fantom, and Injective are generally always at the forefront.

Story Highlights The live value of Fantom is . FTM price could reach a high of $0.402 by the end of 2023. With a potential surge the Fantom price may reach a maximum of $1.922 by the year 2030. The crypto-verse has been generous enough to aspiring and innovative projects.

FTM, the native currency of the Fantom ecosystem, might be the next coin to follow and perhaps outperform Solana (SOL). This optimistic preview is by one technical analyst, “Magnate,” who, in an X post on October 3, said traders who missed the SOL rally may have a chance with FTM.

The crypto market is heating up with a number of altcoins following in Bitcoin's footsteps after the leading cryptocurrency reached a yearly high earlier this week. Bitcoin is now up around 68% compared to last year, and BTC dominance is such that its growth has dragged many other projects up with it.

The cryptocurrency market is currently experiencing a widening breadth, signaling a bullish momentum. As the market continues to evolve, three notable players stand out in the middle of this expansive digital realm: Ethereum Classic (ETC), Fantom (FTM), and Stellar (XLM).

Due to the Multichain hack in July, Fantom experienced a number of declines across its ecosystem between July and September.

A prominent market intelligence platform says that a handful of altcoins should continue to rally as traders continue to focus on Bitcoin (BTC) and Ethereum (ETH).

Fantom (FTM) price is looking to hold onto recent gains after bulls rode the broader crypto market sentiment to hit a 3-month high. Fantom price has benefited most from the massive 35% upside seen over the past week.

The Fantom Foundation has announced the launch of testnets for its upcoming revamped tech stack, Sonic, on the 24th of October.

Blockchain technology is transforming, and co-founder of Fantom, Andre Cronje, is leading the charge to bring it into the modern era. In his view, blockchain has been stuck in a time warp, akin to the technology landscape of the 1980s.

Fantom has announced "Sonic" as the next major upgrade, which will introduce new features and replace Opera.

With the release of Sonic's testnet yesterday, Andre Cronje is hoping to bring Fantom and blockchain technology back to the future.

FTM's bullish rally pushed past the critical resistance at $0.2 with the possibility for more gains in the short term.

Over the weekend, Bitcoin achieved a remarkable comeback, reaching $31,000. This price level marks a return to its 2023 resistance and the highest point since mid-July.

Fantom (FTM), the Directed Acyclic Graph (DAG) smart contract platform has impressively broken its bearish dormancy today. Available market data shows the price of Fantom has printed a parabolic run, surging 11.05% to $0.2254.

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $30,500 level on Monday. Ethereum (CRYPTO: ETH) also moved higher, trading above the key $1,600 mark this morning.

The crypto market exhibited bullishness today (October 23) as most digital assets welcomed the week on positive price actions. Meanwhile, cryptos recorded substantial gains within the past seven days as participants appeared unconcerned about macroeconomic challenges, including the Middle East geopolitical tension. Also, the Fed's plans to pause rate hikes triggered positivity within the marketplace.

Bitcoin has returned to its 2023 resistance level at $31,000, but several altcoins have surged by double digits over the past 24 hours.

In a significant setback, the Fantom Foundation experienced a loss of $550,000 in cryptocurrency due to a vulnerability found in its official Fantom wallet.

The Fantom Foundation, the developer of the Fantom network, has been hacked, resulting in the theft of nearly $550,000 in cryptocurrencies.

The Fantom Foundation, often considered a competitor to Ethereum (ETH), recently faced a significant security incident, as reported by experts in the blockchain security field.