Unfortunately that sounds like true information. I just hope they'll be able to repair the damage as soon as time would allow.
no one will compensate you for the loss of funds, the most they can do is create a new token for their company and distribute it to the holders. so many did, but not the fact that neither will go to such a feat
Topic: FSN token compromised? (Read 148 times)
Unfortunately that sounds like true information. I just hope they'll be able to repair the damage as soon as time would allow.
Yes, they were hacked and have lost a huge amount of tokens. The price on exchanges reacted within several hours. Unfortunately, I do not see any price recovery policy, besides a swap for a new coin on their own blockchain.
If they really were hacked this token is not going to stay afloat. The hackers will dump it somewhere and put the coins through a mixer or a casino to cover their traces. The last remnants of supporters and investors will jump the ship and we'll have another dead coin with no volume. In this industry you don't get second chances.
I have read their statement regarding this, and yes they announced it on their Telegram server.
you can find the part of announcement about this from their Telegram server in here https://decrypt.co/9766/the-fusion-network-hacked*.
many media reported it, I assume it is 100% true without a doubt.
resources;
* https://decrypt.co/9766/the-fusion-network-hacked
https://finance.yahoo.com/news/fusion-network-hacked-010716200.html
https://www.cryptopolitan.com/fusion-network-wallet-hack-companys-efforts/
you can find the part of announcement about this from their Telegram server in here https://decrypt.co/9766/the-fusion-network-hacked*.
many media reported it, I assume it is 100% true without a doubt.
resources;
* https://decrypt.co/9766/the-fusion-network-hacked
https://finance.yahoo.com/news/fusion-network-hacked-010716200.html
https://www.cryptopolitan.com/fusion-network-wallet-hack-companys-efforts/
Fusion Network (FSN) token swap wallet was hacked and over 6 million worths of token was stolen, true or false? no one knows, maybe this is just another lie in disguise?
Fusion Foundation announced in a Medium post published on Sept. 29 that its swap wallet was compromised, which resulted in the theft of 10 million native FSN and 3.5 million Ethereum (ETH)-based ERC-20 FSN tokens. The total worth of stolen FSN tokens was estimated at around $6.4 million at that time.
Full news links https://cointelegraph.com/news/fusion-networks-token-swap-wallet-compromised-fsn-price-plummets/amp
Fusion Foundation announced in a Medium post published on Sept. 29 that its swap wallet was compromised, which resulted in the theft of 10 million native FSN and 3.5 million Ethereum (ETH)-based ERC-20 FSN tokens. The total worth of stolen FSN tokens was estimated at around $6.4 million at that time.
Full news links https://cointelegraph.com/news/fusion-networks-token-swap-wallet-compromised-fsn-price-plummets/amp
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