Coindesk has revealed that blockchain platform VeChain was hacked, losing 1.1 billion VET tokens worth an estimated USD 6.53 million.
The Singapore-based VeChain Foundation’s buyback wallet was compromised, with the funds being withdrawn to a private address. The funds were already tagged and tracked, and VeChain is working with cybersecurity company Hacken in a bit to isolate the tokens’ flow to various exchanges.
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