🌎 Farcana Crypto Wallet Hacked, FAR Token Plummets 60%

In a recent development, blockchain game Farcana reported that one of its crypto wallets was compromised, leading to a 60% drop in the value of its native token, FAR.

Farcana, a blockchain-based shooter game known for its tournaments, experienced a significant security breach. The value of its token, FAR, saw a sharp decline, dropping by over 60%.

In a now-deleted social media post, Farcana announced that one of its wallets had been compromised. The team also mentioned that all deposits to centralized crypto exchanges were frozen until the issue is resolved.

As of now, Farcana has not provided an explanation for the removal of the post. In another update, the team advised users to avoid clicking on any links and assured them that they are working to address the breach and ensure the safety of assets.

The scale of the attack is still unclear, but the immediate impact on FAR’s price was significant, plunging to $0.015 according to CoinGecko data.

Founded in 2022, Farcana secured $10 million in seed funding from investors including Animoca Brands, Polygon Ventures, Fenbushi Capital, and Merit Circle. Built on Unreal Engine 5, Farcana shares a graphical style similar to Overwatch, a team-based multiplayer first-person shooter game. The game operates under a free-to-play model.