Fantom Foundation Employee Loses $7 Million in Crypto Exploit!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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An employee of the Fantom Foundation has reportedly lost at least $7 million in crypto after falling victim to a zero-day exploit in the Chrome browser. According to Fantom Foundation Director Andre Cronje, the employee’s personal funds were stolen; however, all foundation funds are believed to be secure. The attack was publicly highlighted by a pseudonymous cryptographic individual known as Spreek on X. The stolen funds are said to be in the form of 4,500 ETH, worth around $7 million.

Source: https://coinpedia.org/crypto-live-news/fantom-foundation-employee-loses-at-least-7-million-in-crypto-exploit/