Arbitrum (ARB) Based Altcoin Project Was Hacked, Price Dropped by 51 Percent!

Blockchain security company PeckShield, Arbitrum-based Concentric. The altcoin project named fi announced that it was attacked.

” Concentric.Fi reports that it is currently being hacked and abused.

“After this statement, its native token CONE fell 51 percent.”

Following the news of the attack, the price of the native token CONE dropped by 51%.

PeckShieldAlert stated that the attacker stole 1.72 million worth of cryptocurrencies and exchanged them for 716 Ethereum (ETH).

$CONE has dropped -51% pic.twitter.com/OWmu1qAucJ

— PeckShieldAlert (@PeckShieldAlert) January 22, 2024

*This is not investment advice.

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