- Oct 25, 2021
- Reaction score
Vulcan Forged Wallets Hacked, 4.5 Million PYR Stolen
Vulcan Forged, a blockchain gaming platform with an NFT market, suffered a security breach on December 13 that allowed attackers to gain access to the private keys of some users. According to early reports, the attackers managed to
Later, the platform
Vulcan to Reimburse Stolen Funds
The Vulcan team was quick to react and clarified the situation with its userbase stating that they would take full responsibility for the issue. Any funds in PYR and other tokens such as ethereum and matic present in the vulnerable wallets would be reimbursed with the equivalent value in PYR.
The platform sent emails to users and directed them to set up Metamask wallets to hold these assets by themselves, not relying on any centralized wallet manager. Vulcan has since
We have isolated the tokens stolen from all CEX exchanges. We are working to identify footprints.
In addition, Vulcan noted that some of the wallet addresses involved in the hack could have completed KYC on some exchanges, though nothing more has been said regarding this. This is the third hack to affect centralized crypto platforms in December, with exchanges like
What do you think about the Vulcan Forged centralized wallet platform and this hack? Tell us in the comments section below.