Farcana, a blockchain-based shooter game, recently experienced a significant security breach. The incident involved a compromise of one of its crypto wallets, leading to a dramatic 60% drop in the value of its native token, FAR. The game, which features tournaments and is built on Unreal Engine 5, saw its token plummet to $0.015 following the breach.
In a now-deleted X post, Farcana initially announced that one of its FAR wallets had been compromised. The company stated that deposits to all centralized crypto exchanges were frozen until the issue could be resolved. The removal of the post has raised questions, though Farcana has advised users to avoid clicking on any suspicious links and assured them that efforts are underway to secure their assets.
Despite the significant impact on FAR’s price, the scale of the attack remains unclear. The game, founded in 2022 and backed by investors like Animoca Brands and Polygon Ventures, has not yet provided detailed information on how the breach occurred or its full extent.
Farcana has emphasized its commitment to addressing the breach and safeguarding users’ assets. The incident highlights the vulnerabilities in the crypto space and the immediate consequences such breaches can have on digital asset values.
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