NFT mining platform LUMPO attacked, stealing $18.7 million worth of tokens
An NFT mining platform owned by Animoca Brands subsidiary called Lumpo suffered a hot wallet hack, resulting in the loss of 165.2 million native LMT tokens worth $18 million.
According to a report from the Lumpo team on Medium, ten different project wallets were compromised in the attack. It appears that most of the stolen tokens were sent to one address, exchanged for ether (ETH) on Uniswap and Sushiswap, and then sent to another wallet.
After hackers sold stolen Lumpo Market Token, the price of LMT fell by 84% to $0.017Z.
In a tweet dated January 11 reported that the team is "working on stabilizing the situation and resuming all operations in normal mode. In addition, LMT liquidity has been removed from the pools to "minimize the drop in token prices."
