Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Farcana clarifies: Third-party market makers were attacked, official wallets and FAR smart contracts were not affected

Farcana clarifies: Third-party market makers were attacked, official wallets and FAR smart contracts were not affected

Odaily2024/06/24 12:33
By:Odaily
Odaily News Chain game studio Farcana released a security incident update on X: For the past three weeks, Farcana has been working with major market makers to gradually increase liquidity. This morning, we learned that one of the market makers may have been attacked, which resulted in a loan we provided to it being sold in the market. We quickly contacted exchanges and other market makers to restrict related activities. As of press time, on-chain indicators show that the market value of the balance of tokens still on sale is between $60,000 and $80,000. We are working with appropriate counterparties to resolve this issue as it has already caused an adverse reaction in the market. It is hereby clarified that Farcana has not been hacked, our wallets have not been stolen, and the FAR smart contract has not been attacked in any way. The hackers actions against third parties have led to the spread of misinformation and amplified the market impact. We will continue to provide further information updates in the future. CoinGecko data shows that FAR fell 47% in 24 hours, temporarily reporting $0.01972.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Arizona Senate Approves Bitcoin Reserve Bill: A Leap Towards Crypto Dominance in the U.S?

Trailblazing or Isolated Incident? Evaluating Arizona's Groundbreaking Bitcoin Reserve Bill and Its Potential Ripple Effect Across U.S. States

Coineagle2025/01/30 16:44

DeepSeek’s Debut Stirs Crypto Market, BTC ETFs Drop by $457M – Insights Revealed

DeepSeek's Entry Culminates in $534M Crypto Outflows, Shaking BTC and Ethereum ETFs While XRP Shows Resilience

Coineagle2025/01/30 16:44

Ethereum’s Active Users Soar 37%: Are Institutions and DeFi Driving Growth?

Unpacking the Factors Behind Ethereum's Rise: Examining the Role of DeFi and Institutional Investment

Coineagle2025/01/30 16:44