In the last 24 hours, $VOW has suffered a dramatic 50% drop in value after Cyver Alert released a concerning report today. The report revealed that on August 13, 2024, Cyver’s monitoring system detected several suspicious transactions involving the Vowcurrency (@Vowcurrency) network. According to Cyver Alert, the attack was meticulously planned, with the malicious contract being deployed 112 days ago. On August 13th, the attacker executed two hack transactions, resulting in the theft of 175 ETH, 595,970 USDT, and 5,801,632 $VOW. Cyver Alert’s system has traced every step of the attack, providing a detailed breakdown of the malicious activities. The
The post $VOW Plummets Over 50% Following Cyber Attack Report Uncovering Multi-Million Dollar Hack appeared first on The Merkle News.
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Since the beginning of 2021, the cryptocurrency industry has experienced a marked surge in popularity, as institutions and individuals flock to the rapidly developing space in large numbers. Whilst the barrier to enter the space has significantly decreased since its birth a decade ago, there remain several sticking points which keep more widespread adoption difficult, […]
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