Animoca Hom bought the Lympo NFT plate-type plate, losing $ 18.7 million

Lympo, an NFT sports casting platform affiliated with Animoca Brands, suffered damage to its wallet, losing 165.2 million LMT tokens worth $ 18.7 million at the time of the hack.

According to a brief update announced to the media by the Lympo team, on January 10, hackers entered the Lympo wallet and "clicked on approximately 165.2 million LMTs in total."

According to the report, the strike affected around 10 different portfolio positions. Most of the stolen tokens appear to be sent to a single address, exchanged for ETH on Uniswap and Sushiswap, and sent elsewhere.

The price of LMT fell 92% to $ 0.0093 after hackers moved in and sold the loot from the gold wallet project.

The group then tweeted on January 11: "We are working to stabilize the situation and resume all work." The group also said it had eliminated LMT revenues from the liquid pool "to reduce the need for the assigned token value."

Lympo provided the update on the LMT token drop and hack that occurred on January 10 at around 12:32 UTC. We are working to stabilize the situation and resume all work.

——Lympo.io - Crypto Community (@Lympo_io) January 10, 2022

The removal of Lake Tokens that traded LMTs means that traders can no longer buy and sell tokens in various ways without a major impact on the market.

Prior to January 11, the group urged traders not to buy or sell LMT tokens while completing their research and deciding on the next best option.

Lympo, an organization of Animoca Brands, can benefit from the involvement of the Animoca group. Animoca CEO Yat Siu told Cointelegraph: "We are working with Lympo to support our comeback plan, but we don't have a specific plan."

Second hotwallet hack this week

The wallet of the centralized cryptocurrency exchange LCX was also breached on January 8, causing a loss of nearly $ 7 million. In this case, hackers are stealing 8 different cryptographic tools.

LCX has lost the reach of MKR, ENJ, LINK, QNT, SAND, ETH, LCX, and USDC. Most of the money is transferred to ETH and sent to Tornado Cash, a private device designed to conceal the origin and location of ETH.

The LCX team announced the update on January 10 to reward customers and ensure their personal information is not compromised during the strike. Editorial team:

“LCX will solve this problem with its own funds and reward affected users. There will be no impact on users' LCX balance. "