Fantom Foundation awards $1.7M bounty for preventing $170M drain

The Fantom Foundation, a not-for-profit organization developing the Fantom blockchain platform, has gotten rid of a considerable vulnerability after a $550,000 hack in October.On Oct. 17, the Fantom Foundation suffered a hot wallet hack, with an unknown enemy draining 1% of Fantom Foundations funds.” The Fantom Foundation did not right away react to Cointelegraphs demand for comment.Related: Poloniex says hackers identity is validated, provides last bounty at $10MDespite the Fantom Foundation losing half a million to a hack one month ago, the Fantom token has risen over the previous four weeks. The Fantom Foundations Opera is a permissionless blockchain compatible with the Ethereum Virtual Machine, which enables users to engage with the Fantom network on MetaMask, a leading self-custodial cryptocurrency wallet.Fantoms recent $550,000 hack isnt the very first attack on the Fantom Foundation or its users.

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