After a cryptocurrency wallet belonging to the Fantom Foundation was hacked last month, the foundation paid a reward of $1.7 million to a security researcher who remains anonymous. The researcher alerted the foundation that the compromised wallet held dormant management tokens for Fantom's FTM token contract. If the hackers had discovered the management tokens in the wallet, they could have minted 1 million FTM tokens directly on the Ethereum network. With FTM trading at $0.17 at the time of the hack, the potential loss for the Fantom Foundation was estimated at $170 million.

Data tracked by CertiK shows that EOA address 0x5cD has deposited 500 ETH into Tornado Cash. This address has collected funds stolen from the wallets of Fantom Foundation employees. 0x5cD still holds 3,652.26 ETH.

According to Lookonchain monitoring on November 2nd, during the morning market rise, the attacker of the Fantom Foundation sold 4127 ETH at a price of $1842. On October 31st, the attacker transferred 8.3 million DAI to a new address starting with 0x5cDE and exchanged it for 4621.8 ETH.

PeckShield has detected that the address identified as the attacker of the Fantom Foundation employee wallet has transferred about 8.3 million DAI to a new address 0x5cDE...F801 and exchanged it for about 4,621.8 ETH.Previously, the attacker had exchanged 8,087,377.97 DAI for 4,560.52 ETH a day ago, and in the past 30 minutes, exchanged 4,560.52 ETH for about 8.3 million DAI.

Attacker of the Fantom Foundation wallet has exchanged about 4,390 ETH for about 8 million DAI. On October 17, 2023, the wallet with the Fantom Foundation label was drained of approximately $7 million worth of cryptocurrency (about 4,500 ETH).

Fantom has announced the launch of the Fantom Sonic testnet. The three main upgrades of Sonic include: 1. Fantom Virtual Machine, which provides faster smart contract execution speed compared to the old EVM. 2. Carmen database storage, which uses more efficient data structures and can reduce storage space by up to 90%, thereby reducing the cost of validators. 3. Optimized Lachesis consensus mechanism, which provides an improved transaction pool. In addition, the Fantom Sonic mainnet is scheduled to launch in the spring of 2024, allowing new markets to adopt blockchain technology that was previously hindered by limited transaction throughput and slow settlement.

23pds, the Chief Information Security Officer of SlowMist, stated in a post that yesterday the Fantom Foundation reported being hacked. Based on our analysis of the on-chain transfer method and our past emergency experience, it is likely that the private key was stolen.

Fantom Foundation has issued a statement regarding the wallet attack incident, stating: We have learned that there have been reports of a small number of Fantom wallets being leaked earlier today. Currently, we can confirm that the related wallets have been affected, including approximately $550,000 of Fantom Foundation funds. The vast majority of the Fantom Foundation's funds (over 99%) have not been affected and are still secure. Although there are preliminary reports of a zero-day attack through Google Chrome, we are actively investigating the attack mechanism. The personal wallets of Fantom employees were stolen, and some of the affected wallets were marked as "Foundation wallets", but they are no longer used by the organization and have been reallocated to Fantom employees, making this a targeted personal attack. Currently, the funds lost by the employee are being tracked and investigated.