2024

NFPrompt

<p>NFPrompt, a content generation platform incubated by<a href="https://www.cryptopolitan.com/defi-shines-amid-crypto-fundraising-winte/" rel="noopener noreferrer nofollow"> Binance Labs</a>, has been subjected to a severe cyberattack resulting in substantial losses.&nbsp;</p>
<p>The breach, disclosed saw hackers exploit vulnerabilities within the platform, compromising user funds and portions of NFPrompt’s treasury and ecosystem fund.</p>
<h2 class="wp-block-heading" id="nfprompt-security-breach-rocks-crypto-markets">NFPrompt security breach rocks Crypto markets</h2>
<p>In a<a href="https://twitter.com/nfprompt/status/1768558658697433464" rel="noopener noreferrer nofollow" target="_blank"> statement</a> released, NFPrompt confirmed the occurrence of a “critical security incident,” conceding that a group of hackers successfully breached the platform’s defenses.&nbsp;</p>
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   <p lang="en" dir="ltr">ATTENTION <a href="https://twitter.com/search?q=%24NFP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$NFP</a> Holders: <br><br>We are writing to inform you of a critical security incident involving NFPrompt. It was discovered that a group of hackers compromised some wallets, including those of NFP’s contract administrators. <br><br>They illegally gained control of victims' funds,… <a href="https://t.co/ZeQXLruvTW" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/ZeQXLruvTW</a></p>— NFP (@nfprompt) <a href="https://twitter.com/nfprompt/status/1768558658697433464?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">March 15, 2024</a>
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<p>The infiltrators managed to gain unauthorized access to various wallets, including those belonging to the NFP treasury and ecosystem fund, as well as the wallets of NFP’s contract administrators.</p>
<p>Upon discovering the breach, NFPrompt swiftly initiated measures to mitigate the damage inflicted by the hackers.&nbsp;</p>
<p>The platform transferred ownership of all NFP smart contracts to new addresses to sever the attack vector. Assurances were provided that NFP tokens and associated assets are now secure.</p>
<p>Following news of the breach, the value of the NFP token experienced a significant downturn. CoinGecko data revealed a 13.8% decrease in its price over the past 24 hours.&nbsp;</p>
<p>From a peak of $0.96, the token plummeted to an intraday low of $0.76, currently trading at $0.79. Despite the setback, the NFP token has maintained a 21% increase over the past 30 days.</p>
<h2 class="wp-block-heading" id="nfprompt-engages-in-joint-efforts">NFPrompt engages in joint efforts</h2>
<p>In response to the breach, NFPrompt has collaborated with various centralized exchanges (CEXs) to suspend deposits temporarily.&nbsp;</p>
<p>Additionally, decentralized exchanges (DEXs) were urged to halt all liquidity pool activities involving the NFP token.&nbsp;</p>
<p>Certain CEXs were instructed to freeze transactions linked to the hackers, while users were advised against accepting NFP tokens from untrusted sources.</p>
<p>The severity of the breach prompted the intervention of the Federal Bureau of Investigation (FBI).&nbsp;</p>
<p>NFPrompt announced the involvement of law enforcement agencies in efforts to apprehend the perpetrators and recover lost assets.&nbsp;</p>
<p>However, the exact extent of the losses incurred by NFPrompt remains undisclosed at this time.</p>
<h2 class="wp-block-heading" id="rising-from-adversity-securing-tomorrow-s-crypto-landscape">Rising from adversity, securing tomorrow’s Crypto landscape</h2>
<p>Established in 2023, NFPrompt, short for “Nonfungible Prompt,” emerged as an AI-driven platform facilitating the creation and trading of nonfungible tokens (NFTs).&nbsp;</p>
<p>The platform enables users to generate AI art and assert ownership through blockchain technology.&nbsp;</p>
<p>Selected as one of the 12 projects in Binance Labs’ sixth incubation cohort in September 2023, NFPrompt initially garnered substantial attention and support within the crypto community.</p>
<p>The cyberattack on NFPrompt underscores the persistent threat posed by malicious actors within the cryptocurrency space.&nbsp;</p>
<p>Despite the platform’s swift response and collaborative efforts with regulatory authorities and exchange partners, the incident highlights the vulnerability of decentralized platforms to sophisticated cyber threats.&nbsp;</p>
<p>As investigations into the breach continue, stakeholders remain vigilant, prioritizing the security and integrity of digital assets within the ecosystem.</p>
<p>While the immediate aftermath of the attack has resulted in setbacks for NFPrompt and its associated token, the company’s response and ongoing cooperation with relevant entities signal a commitment to safeguarding user interests and restoring confidence in the platform’s security measures.</p>

Cybersecurity breach rocks Binance-backed NFPrompt, losses reported

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