Almost 100 million dollars in NFT stolen after compromising the Vulcan Forged market

The Vulcan Forged video game NFT market has suffered the theft of almost $ 100 million (4.5 million units of the PYR cryptocurrency at the current exchange rate) present in its users’ NFT wallets after they were compromised in a cyberattack.

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The security breach took place early this Monday and affected 96 portfolios of Vulcan Forged users, although the platform had originally reported on 148 through its official Twitter account.

This theft, carried out by a user who compromised the platform’s security systems, allowed him to get 4.5 million units in Vulcan Forged’s own cryptocurrency, PYR. At the time of the robbery, when the currency was exchanged for $ 31, the total figure was around $ 140 million.

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However, the price of the PYR coin has plummeted since the cyberattack and is currently trading for $ 20.10, which would put the amount stolen below $ 100 million ($ 90.40 million).

Users who lost their wallet passwords were unable to do anything to recover their stored funds, and the platform promised to move to a fully decentralized wallet system, which will arrive in the next two days.

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Vulcan Forged promised to replace the amount stolen from its users with its own funds (in its PYR currency, even for those who have other cryptocurrencies stored) after learning of the theft, and has ensured that practically all of them have already received the funds. .

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Deshawn