LML Token Drops 99.6% After Hackers Steal $950,000

icon MarsBit
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
The LML token plummeted 99.6% after hackers stole $950,000 from the project. The attackers converted 950,000 USDT into 450.6 ETH and used TornadoCash to launder the funds. ETH prices remain under pressure as the incident exacerbates market volatility. Traders are closely monitoring altcoins to watch, with LML now trading near zero.

Huo Xing Cai Jing reports, according to PeckShield monitoring, LML suffered a hack resulting in losses of approximately $950,000, causing the LML token to plummet 99.6%. The attacker converted 950,000 USDT into 450.6 ETH and deposited them into TornadoCash.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.