Fantom Foundation: Approximately $550,000 in Foundation Funds Stolen, Majority of Funds Still Secure

The Fantom Foundation has released a statement on X platform, acknowledging that a small number of Fantom wallets were compromised, including approximately $550,000 of the Fantom Foundation's funds. However, the majority of the Fantom Foundation's funds (over 99%) remain unaffected and secure. While initial reports suggested that the attack occurred through a zero-day vulnerability in Google Chrome, the exact attack mechanism is still under active investigation.

Furthermore, a personal wallet of a Fantom employee was also affected. Some of the wallets that were initially labeled as “foundation wallets” were later reallocated to a Fantom employee, indicating that this incident is considered a targeted attack on an individual. The official investigation is ongoing to trace and recover the funds lost by the employee.

In a previous report monitored by CertiK, it was confirmed that certain wallets on Ethereum and Fantom were compromised, resulting in losses of $657,000. Andre Cronje, a director at the Fantom Foundation, clarified that the funds stolen on Fantom belonged to an employee rather than the foundation.