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

Feed

Coins

About

Latest

Bitcoin

Ethereum

NFT

Gaming

Policy

Blockchain

Altcoins

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

PublisherPublisher
Cryptonews

Mon, Jan 10, 2022

Banner

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.

Read full article on Aliens appRead from Original Source

The best experience is on the app

Everything happening in the crypto world, in real time

app

Recommended Stories

Article list item background

Shiba Inu and Dogecoin Can Now Be Traded Against Circle's Stablecoin on MEXC Global

New Shiba Inu and Dogecoin trading pairs have been added by MEXC Global
U.Today
·

2h

Defi

Recommended Stories

Article

VeChain: How this pattern could shape VET’s near-term trajectory

Article

Ethereum could ‘take over everything’, and there won't be a multi-chain future, says EY's blockchain leader

Article

Algorithmic Stablecoin Resiliency More Important Than Growth: Vitalik Buterin

Article

Thailand excludes crypto transfers from VAT payments until 2024

Article

Goblins Flip Bored Apes in 24 Hours to Become the Top Collection

Article

Why Emerging Markets Are Leading the Charge on CBDCs

Article

Cryptocurrencies Are Missing Out as Stocks Rally

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens

Advertise