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Home Incidents

NFPrompt Addressing Security Breach

March 15, 2024
Reading Time: 3 mins read
in Incidents
NFPrompt Addressing Security Breach

Binance-incubated content generation platform NFPrompt fell victim to hackers, leading to substantial financial losses and a subsequent decline in the value of the NFP token. The platform disclosed that hackers gained unauthorized access to wallets, compromising a portion of the NFP treasury and ecosystem fund. Additionally, the wallets of NFP’s contract administrators were breached, heightening the severity of the security incident. In response, NFPrompt swiftly initiated measures to transfer smart contract ownerships to new addresses, effectively neutralizing the attack vector and ensuring the safety of NFP tokens and assets.

Furthermore, the platform issued a cautionary advisory, urging users to refrain from accepting NFPs from untrusted sources and to trade the token exclusively on reputable centralized exchanges until further notice. NFPrompt has also joined forces with partner centralized exchanges to halt deposits during the investigation and has urged decentralized exchanges to suspend all liquidity pool activities involving NFP to mitigate further risks. Moreover, the platform has taken proactive steps to identify and freeze transactions associated with the hackers, with a commitment to marking and forfeiting NFP tokens affiliated with the perpetrators.

The severity of the hack has prompted the involvement of the Federal Bureau of Investigation, signaling the gravity of the situation and the concerted efforts to bring the hackers to justice. Despite these measures, the extent of the financial impact incurred by NFPrompt remains undisclosed, emphasizing the ongoing nature of the investigation and the complexities entailed in addressing the aftermath of such security breaches.

Reference:
  • NFPrompt Security Breach Mitigating Impacts and Collaborative Actions

Tags: Binancecyber incidentsCyber Incidents 2024Cyber RiskCyber threatCyberattacksMarch 2024NFP tokenNFPrompt
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