Against the backdrop of the incident, the project’s native token level dropped.
Hacker succeed access the wallets of 96 Vulcan Forged NFT marketplace users. Initially, the developers assumed that 148 wallets had been compromised. Information about this appears on the project’s microblog.
- Presumably, the scammers managed to withdraw 4.5 million of the original token of the project – PYR – from the market for about $ 100 million. Against the background of the incident, the cryptocurrency rate fell.
- Project representatives promise to compensate users for all losses. Against the backdrop of the incident, the market team notified plans to rebuild it for a decentralized format.
- The developer of the trading platform believes that hackers gained access to the Vulcan Forged wallet through private key interception. As of this writing, the project team is busy studying the details of what happened. The developer promises to provide instructions on further action to all users affected by the security system breakthrough.
- Vulcan Forged is one of the largest NFT marketplaces. As of December 13, 2021, it is in the top 10 trading platforms focused on non-exchangeable tokens.
Recall that earlier information appeared on the network that Blockchain.com will launch a beta version of the NFT marketplace in the coming weeks.