We can say that one of the biggest gifts of the internet, which is the locomotive of digital transformation, is crypto money. These assets, which are becoming more widespread day by day and appearing in every aspect of our lives, have recently been introduced as the money of the future. However, as with everything, it has its downsides.
Cryptocurrencies have become a center of attraction among hackers after the usage volume grows and diversifies day by day. Unfortunately, cyber attacks have started to be organized on NFT platforms as well as on the stock exchanges where these assets appear. A new one has been added to these recently…
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Cyberattack on NFT platform Lympo
Lympo, the NFT platform of Animoca Brands, whose name we started to hear more often after the emergence of the Metaverse concept, recently announced that a cyber attack was carried out on its hot wallet. As a result, 165.2 million LMT tokens worth $18.7 million were stolen.
Lympo said hackers gained unauthorized access to their operational hot wallet on January 10 and transferred the 165.2 million LMT tokens contained therein to a different wallet after converting them to Ether (ETH) on Uniswap and Sushiswap, the decentralized finance protocol used to exchange cryptocurrencies. explained.
After the announcement of the cyber attack, the LMT token lost 92 percent of its value and fell to the level of $ 0.0093. On the other hand, stating that they continue to work to stabilize the situation and return all activities to normal, the platform announced that the LMT liquidity was removed in order to minimize the effect of the said situation on token prices.
So what do you think about this subject? What can be done to prevent cyber attacks on cryptocurrency exchanges and NFT platforms? Do not forget to share your views with us in the comments section.