Animoca Brands’ Lympo NFT platform hacked for $18.7 million
The sports NFT minting platform suffered from a hot wallet security breach across several project wallets losing $18 million in its native LMT tokens. Sports NFT minting platform and Animoca Brands subsidiary Lympo suffered from a hot wallet security breach and lost 165.2 million LMT tokens worth $18.7 million at the time of the hack.A short Medium update from the Lympo team stated that on Jan. 10 hackers managed to gain access to Lympo’s operational hot wallet and “stole a total of approximately 165.2 million LMT from it.”According to the post, ten different project wallets were....
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The latest in the industry is the hacking of Lympo, a sports NFT platform and a subsidiary of Animoca Brands. Through hot wallet hacking, the platform just lost about 165.2 million LMT tokens, equivalent to $18.7 million during the time of this hack. Cryptocurrency hacking, though not frequently experienced, remains of the risks that some protocols have to suffer. An update through Medium from the Lympo team confirms the recent hacking from the platform on Jan 10. According to the report, the hackers accessed the protocol’s operational hot wallet and looted about 165.2 million LMT tokens.....
The big funding came via private sale, pre-sale, and the token’s IDO, which sold out in under an hour. Quidd, a marketplace for digital collectibles and a subsidiary of Animoca Brands, has raised a total of $5 million in private pre-sales and an initial DEX offering (IDO). The token sale took place on Polkadot project incubator Polkastarter on Nov. 18. The allotment of 2 million QUIDD tokens at a price of US$0.25 per token sold out in under an hour, raising $500,000.Earlier this month, the private sale of the Ethereum-based QUIDD tokens raised US$4 million from investors including Binance....
Animoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster the non-fungible token (NFT) industry and “build the open metaverse.” The capital raise follows the firm’s previous $65 million and $138.88 million raises last year and today, Animoca Brands has an overall valuation of $5 billion.
Animoca Brands Raises $358 Million in Financing Led by Liberty City Ventures, Blockchain Company Has Pre-Money Valuation of $5 Billion
The firm Animoca Brands is a global developer utilizing popular brands,....
According to a press release, Animoca Brands Japan, a subsidiary of Animoca Brands Corporation Limited, will expand its Web3 business. The company recently completed a $45 million funding round, setting its valuation at $500 million, with the MUFG Bank and Animoca Brands Corporation. Related Reading: Is This The Reason Dutch Authorities Arrested The Alleged Tornado […]
The non-fungible token and blockchain gaming company Animoca Brands has announced the firm has raised $75 million from investors such as Kingsway Capital, Liberty City Ventures, and others. The capital injection of $75 million brings Animoca’s overall pre-money valuation to $5.9 billion.
Animoca Brands Secures $75 Million to Bolster Digital Property Rights
The Hong Kong-based crypto gaming, NFT, and venture capital company Animoca Brands has raised $75.32 million, according to an announcement published on July 12. The newly raised capital stems from investors like Cosmic....