In a recent development, NFPrompt, the altcoin associated with Binance’s Launchpool project, has fallen victim to a significant hack. The attackers managed to compromise several wallets, including those of NFP’s contract administrators, gaining unauthorized access to funds, including a portion of the NFP treasury and ecosystem fund.
Colin Wu, a Chinese crypto reporter, revealed on X that the Binance Launchpool project NFPrompt said it suffered a hacker attack, leading to unauthorized access to funds.
The NFPrompt team swiftly responded to the attack by transferring all NFP’s smart contract ownerships to new addresses, effectively neutralizing the threat. Additionally, the FBI has stepped in to assist in apprehending the hackers and has coordinated with major centralized exchanges (CEXs) to freeze any funds linked to the perpetrators.
As a precautionary measure, users are advised not to accept NFP tokens from untrusted sources until further notice. The team is dedicated to safeguarding the interests of NFP holders and supporters, and tokens associated with the hackers will be marked and forfeited.
Furthermore, the team has requested partner CEXs to halt deposits during the investigation, and decentralized exchanges (DEXs) are urged to suspend all liquidity pool activities involving NFP tokens temporarily. To bolster security measures, NFPrompt has enlisted the expertise of leading Web3 security firms, including SlowMist_team and Chainalysis. These collaborations seek to monitor on-chain activities associated with the hackers and facilitate the identification of individuals involved in token swaps.
This incident underscores the importance of bolstering security measures within the AI x Web3 ecosystem, especially as market activity intensifies. The NFPrompt team remains committed to fortifying smart contracts, wallets, and user assets while urging the community to stay vigilant against phishing attempts and scams.
The price of NFPrompt experienced an 11% decrease to $0.8020, accompanied by a remarkable 65% surge in trading volume, reaching $135 million. The market capitalization has declined, currently standing at $200 million. This decline is partly associated with the substantial sell-off observed across the wider cryptocurrency market today. However, NFP has recorded a notable increase of 23% over the past month.
With ongoing investigations, updates will be provided as they become available. NFPrompt users are encouraged to exercise caution and only engage in transactions through reputable CEXs during this period of heightened scrutiny.
