Yunus Taşlı 
Disappointing developments have occurred for the Fantom project listed on Binance. It was claimed that the hot wallets belonging to Fantom were attacked.
Fantom Foundation oversees developments on the Fantom blockchain, but the recent attack caused losses for both FTM and Ethereum. Individuals conducting research discovered that the attacker moved the stolen assets from a wallet holding 4500 Ethereum to another wallet.
The company stated that attackers targeted only a small portion of their wallets and that the total loss amounted to approximately $550,000. Detailed research on the subject is ongoing at the moment.
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Reports stating that thieves attacked the hot wallets purportedly belonging to the Fantom Foundation, containing FTM, and stole a substantial amount of FTM, led to a significant drop in the value of the FTM altcoin.
We are carefully following the developments regarding the attack. The community is waiting for future updates to learn the measures taken by companies and the real dimensions of the incident.
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