Vulcan Fored Platform suffers security violation, 96 Wallets compromised -

Vulcan Fored, a game and NFT platform, suffered a security violation that made it possible to get attackers to get control of some cryptocurrency wallets of the service. The hackers captured 96 user wallets and, among other things, managed to steal more than 4.5 million pyr, the native tokens of the project. Vulcan now deals with the consequences and announced that they would reimburse all users from their state treasury.

volcanic forged wallets chopped, 4.5 million pyr stolen

Vulcan Fored, a blockchain gaming platform with an NFT market, suffered a security gap on December 13 that enabled attackers to gain access to the private keys of some users. According to the first reports, the attackers, compromise The keys of 148 wallets with 4.5 million pyr Crypto-assets like Ethereum and Matic.

later the platform that only 96 wallets were affected. Vulcan also explained that due to this hack, they would now switch to a fully decentralized wallet platform. The stolen 4.5 million Pyr had a value of up to $ 100 million at the time of the incident. However, the event led to a dumping of the Pyr prices and lost 27% of its price in the past 24 hours at the time of writing. according to according to Coingecko.

volcano reimbursed stolen funds

The vulcan team reacted quickly and clarified the situation with its user base and explained that they would take full responsibility for the problem. All funds in Pyr and other tokens such as Ethereum and Matic, which are located in the susceptible wallets, are reimbursed in Pyr.

The platform sent emails to the users and instructed them to set up metamask wallets in order to store these assets themselves and not to rely on a centralized wallet manager. Since then, Vulkan has . The vulcan team also works to find out the cause of the security violation and prevent the trade with stolen tokens on centralized stock exchanges. It emphasized:

In addition, Vulcan found that some of the Wallet addresses Kyc involved in the hack could have completed a few exchanges, even though nothing was said. This is the third hack, which affects centralized crypto platforms in December, with stock exchanges such as Bitmart and aszendex also suffer serious losses through such events.

What do you think of the centralized Wallet platform Vulcan Fored and this hack? Tell us in the comment area below.

sergio goschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game when he entered the cryptosphere in December 2017. He has a computer engineering background, lives in Venezuela and is affected by the cryptocurrency boom at the social level via crypto success and how it helps the non-banks and under-sector.

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