Digital Asset
Intelligence
Security Incident · ETH Ecosystem

Axion Network Using the unstake function of the: $500.00K Reported Loss

·Historical incident record

Incident Overview

Cointelegraph reported that on November 2, a project called Axion Network launched the token AXN and was hacked a few hours after it was hacked. 79 billion AXN were minted and sold to the market. The token price was almost zero. The hacker made a profit of 1,300 ETH, or about $500,000.

Sources & References

Original incident referencehttps://cointelegraph.com/news/certik-dissects-the-axion-network-incident-and-subsequent-price-crash (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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