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NFPrompt Crypto Security Breach
NFPrompt, a content generation platform incubated by Binance Labs, recently experienced a significant security breach that resulted in the loss of user and platform funds. Hackers gained unauthorized access to multiple wallets, including those of NFP’s administrators, and stole funds.
Security Incident Details
On March 15, NFPrompt acknowledged a critical security incident where hackers compromised several wallets, including those of NFP’s contract administrators. This breach led to the unauthorized access and theft of funds from the platform’s treasury and ecosystem fund.
Action Taken by NFPrompt
In response to the breach, NFPrompt took immediate action to mitigate further losses. They transferred ownership of their smart contracts to new addresses, effectively isolating the hackers. While NFP tokens and assets remain secure, the token’s price has dropped by over 15% in the last 24 hours.
User Advisory and Exchange Actions
- NFPrompt advises users to be cautious and avoid accepting NFPs from unreliable sources.
- Users are recommended to trade the token only on established centralized exchanges (CEXs) until further updates are provided.
- Collaborative efforts with partner CEXs are underway to suspend NFP deposits during investigations.
Partnerships and Investigations
NFPrompt has partnered with leading Web3 security firms SlowMist and Chainalysis to monitor hackers’ activities and trace token swaps. The platform is dedicated to recovering stolen funds and is working with the FBI in an ongoing investigation to identify and render unusable NFP tokens associated with the attackers.
NFPrompt Background and Mission
Launched in 2023, NFPrompt enables users to create unique artworks using AI tools and claim ownership through blockchain-based NFTs. The platform, selected by Binance Labs for its incubation program, aims to bridge AI art and NFTs, with a mission to establish a widely adopted Web3 protocol for contemporary art and decentralized internet culture.
Token Price Impact
Following the security breach, the NFP token price has declined by 15.2% in the last 24 hours. Despite this drop, the current price remains 22% higher than the previous 30-day period, showcasing resilience in the face of challenges.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
