Hackers breached Vulcan Forged users’ wallets and siphoned tokens worth $100 million

ForkLog

4 years ago

Hackers breached Vulcan Forged users' wallets and siphoned tokens worth $100 million

Malicious actors compromised 148 wallets of Vulcan Forged NFT marketplace users and stole 4.5 million PYR tokens (more than $100 million at the time of writing).

148 wallets holding PYR have been compromised. Over 4.5m PYR has been been stolen.

While we will replace the PYR taken, our first steps are understanding what’s happened.

No words can do much right now, we know that. We’ll keep updated.

— Vulcan Forged (@VulcanForged) December 13, 2021

According to Vulcan Forged, hackers gained access to users’ private keys.

The team emphasised that it has already contacted exchanges asking them to blacklist the wallet address linked to the hack. It is also reported that on one exchange its owner may have gone through a KYC procedure, but Vulcan Forged has not disclosed details yet.

The marketplace promised to compensate all stolen PYR tokens and other coins if the attackers took them. The platform team has also begun developing a fully decentralized solution for configuring wallets.

In light of the news, the price of the PYR token fell by almost 15%.

Chart of PYR/USDT on KuCoin. Data: TradingView.

Earlier, the cryptocurrency exchange AscendEX reported a hack of hot wallets on Ethereum, Polygon and Binance Smart Chain.

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