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31.12 - 04:29
$100M stolen from Vulcan Forged after 148 PYR-holding wallets compromised
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ambcrypto.comThe NFT market has seen explosive growth this year, with sales of digital art items hovering at a monthly rate of about $2 billion. The growth of the NFT market has caught the attention of legacy auction houses like Sotheby‘s and Christie‘s as well.
Both launched their own NFT marketplaces to get in on the action. Now, an ecosytem worth millions understandably falls prey to different hacks and whatnot. NFTs still have to overcome protocol risks such as hacks to safeguard users’ wallets losing millions, to say the least.
NFT market Vulcan Forged (A Blockchain gaming platform) is currently the center of a lot of speculations following a hack. According to reports, nearly $100 million was stolen after 148 wallets were compromised.
Following the
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