Animoca Brands-Owned Lympo Hacked, LMT & LYM Tokens Go on Wild Ride - Aliens: AI Crypto News & Markets Updates

Animoca Brands-Owned Lympo Hacked, LMT & LYM Tokens Go on Wild Ride

Mon, Jan 10, 2022

Aliens TLDR

Lympo, a developer of a sports non-fungible tokens ( NFTs ) ecosystem, confirmed that hackers stole LMT 165.2m (worth around USD 16.5m before the hack) from its operational hot wallet today.

LMT price chart: Meanwhile, at the same, another token of Lympo, LYM, trades at USD 0.00535 and is down 34% in a day.

LYM price chart: The team claims it "enacted safeguards to ensure that no additional LMT could be stolen by the hackers" while they have also "temporarily removed" LMT from liquidity pools "in order to minimize disruption to token prices following the hack." Lympo stressed that the majority of the LMT reserve is secure in a cold wallet storage.

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