Hackers withdrew 165.2 million LMT tokens worth $18.2 million from the hot wallets of the sports NFT platform Lympo, a subsidiary of Animoca Brands, at the time of the hack.
According to the project team, the attackers compromised ten wallets.
In response to the attack, Lympo took a number of measures to prevent further losses. LMTS are temporarily withdrawn from various liquidity pools to minimize the impact on the price of the token after the hack.
The team noted that most of the reserves are in cold storage and are not affected by the incident.
“The attack is still under investigation, but we assure all LMT holders that we are making every effort to resume normal operation as soon as possible. We are preparing a comprehensive mitigation plan and will share it with the community as soon as it is ready,” said Lympo.
Presumably, the hackers exchanged most of the stolen assets for Ethereum on the Uniswap and SushiSwap platforms.
The price of LMT after the hack collapsed from the level of about $ 0.11 to $0.01 — by about 90%.
Earlier, hackers broke into the hot wallet of the European bitcoin exchange LCX. The damage was estimated at almost $8 million.