Jun 2024 - Farcana Liquidity Provider Wallet Breach - $880k (Global)
"Farcana is an immersive, fast-paced, competitive hero shooter with an emphasis on quick movement and fast, tactical decision-making. While your weapons will do a lot of the talking, achieving victory will require strategic use of your abilities and tight teamwork!"
"Farcana stands as a prominent gaming studio nestled in the heart of the UAE, boasting a collective of over 120 exceptionally skilled professionals, comprising highly experienced game developers and industry experts. Together, we seamlessly intertwine blockchain technology with conventional game development. Our goal is set to elevate player immersion and be a key player in re-defining gaming. Spearheading this endeavor is our team shooter, Farcana, which harnesses the power of web3 technologies. We put the reins of the game economy, marketplace, and asset ownership entirely in the hands of our players. We aim to etch our mark in shaping the future landscape of gaming."
"On June 24, the UAE-based blockchain gaming studio Farcana tweeted that one of their FAR wallets was hacked. On the same day, Farcana tweeted a clarification stating that it was a third-party market maker that was attacked, and the official wallet and FAR smart-contract had not experienced any exploits."
"Security Alert: $FAR Wallet Hacked"
"Although Farcana did not lose any funds directly, a third-party market maker was hacked, resulting in the theft of 23,809,523 FAR tokens valued at nearly $880,000. This incident underscores the vulnerability of third-party services."
"We regret to inform our community that one of the $FAR wallets has been compromised. Our team is working tirelessly to address the breach and ensure the safety of your assets. Deposits to all CEX’es are frozen until the issues solved."
"Earlier today, Bybit and Gate resumed deposits of FAR. All operations related to the token are back to normal.FAR token is approximately 25% lower in price over the last 5 days, (prior to the incident) and largely in line with the broader market."
"23,809,523 FAR was transferred to 0x9681 before a large amount of tokens were sold
The majority of USDT received from selling was moved to 0x6454
Exploiter still hols ~5.2m FAR tokens"
Further Analysis
Farcana is a competitive, fast-paced hero shooter, with battles settled on the blockchain in bitcoin. A wallet belonging to one of the liquidity providers for Farcana was breached, and this was reported by the company. The news was picked up and widely distributed, under the false understanding that the waller was somehow owned by the Farcana platform itself. The original tweet was deleted and operations of the project resumed.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
ChainGPT Fake Token Rug Pull > > < < Dyson Money Deprecated Vault Contract
Sources/Further Reading
SlowMist Hacked - SlowMist Zone (Dec 31)
@FarcanaOfficial Twitter (Dec 31)
@FarcanaOfficial Twitter (Dec 31)
@FarcanaOfficial Twitter (Dec 31)
@FarcanaOfficial Twitter (Dec 31)
@FarcanaOfficial Twitter (Dec 31)
@FarcanaOfficial Twitter (Dec 31)
@zachxbt Twitter (Dec 31)
@FarcanaOfficial Twitter (Dec 31)
@0xCommitAudits Twitter (Dec 31)
@FarcanaOfficial Twitter (Dec 31)
@ChainLight_io Twitter (Dec 31)
@CertiKAlert Twitter (Dec 31)
Polygon PoS Chain Transaction Hash (Txhash) Details | PolygonScan
(Dec 31)
@arunim_shukla Twitter (Dec 31)
@ItsBitcoinWorld Twitter (Dec 31)
Farcana Exploiter 3 | Address 0x6454db572ac0cec0f11dc5ec86319ee776b669cf | PolygonScan
(Dec 31)
@CertiKAlert Twitter (Dec 31)
Farcana | Twitter, Instagram, TikTok | Linktree (Dec 31)
- YouTube (Dec 31)
Company | Boast Your Skills In Farcana, Team-Based Hero Shooter (Dec 31)
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