Hackers withdrew $18.2 million worth of LMT tokens from the hot wallets of the sports NFT platform at the time of the hack.
On January 10, hackers hacked ten wallets and withdrew a total of about 165,200,000 LMT. The stolen assets were then exchanged for Ethereum via Uniswap and SushiSwap, and then sent to the Tornado Cash mixing service.
The platform team has removed LMT from all liquidity pools and is working to stabilize the situation. Until the investigation is completed, the platform urges traders to refrain from transactions with LMT tokens.
The LMT price immediately reacted to the news and fell by 94% to $0.0083.
The LMT team promised to compensate all stolen funds from their own platform tools.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Virtual property next door to Snoop Dogg sold for $450,000
Being next to rapper Snoop Dogg in the Sandbox game world cost the new owner $450,000.
A collector made $1.22 million by reselling NFTs in one day
CryptoPunk Zombie (Punk 6275) was bought for $3.9 million and resold for 1320 ETH (~$5.12 million) on the same day.
