Fantom awards $1.7M to security researcher for averting $170M loss
The Fantom Foundation says the $1.7 million is bounty for a security researcher whose quick alert helped prevent a potential $170 million hack. Fantom had lost $550k in October, with the hack targeting a reassigned wallet seeing an employee lose $7 million. The Fantom Foundation, the non-profit organisation behind the crypto platform Fantom, rewarded a security researcher whose efforts helped foil a potential catastrophic hack. Fantom’s award of $1.7 million was revealed in a blog post on Monday, November 20. Bounty relates to $550k hack According to the Fantom Foundation, the bounty relates to the October 17 incident that saw an attacker drain over $550k from a Fantom wallet that had been reassigned to an employee. The “targeted attack” reportedly saw the employee lose over $7 million. pic.twitter.com/gShkT3C9XV — Fantom Foundation (@FantomFDN) October 17, 2023 But while Fantom Foundation maintained its wallets were not ...