Digital Asset
Intelligence
Security Incident · Fantom Ecosystem

Tomb Finance Fee Collection Mechanism Flaw

·Historical incident record

Incident Overview

The Tomb Finance token TOMB, an algorithmic stablecoin project linked to the Fantom ecosystem and FTM, had the biggest drop of 77% yesterday, and was suspected of being attacked by the community. In this regard, Tomb Finance stated that it used to collect service fees when selling TOMB. The mechanism Gatekeeper was used by a third party, which led to panic selling, but the project was not attacked and no funds were stolen.

Sources & References

Original incident referencehttps://tombfinance.medium.com/tomb-finance-post-mortem-480fa68375b2 (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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