25.07.2023 - Fasttoken BVI INC is compelled to inform the public regarding a regrettable incident that occurred on July 22, 2023, involving a security breach targeting Alphapo (https://alphapo.net/), the then crypto processing provider for Fastex Exchange. This intrusion resulted in the unauthorized acquisition of approximately 140 million US dollars’ worth of various crypto assets from Alphapo's repository, notably comprising 100 million FTN ERC20 tokens on the Ethereum blockchain.
In response to this grave infringement of security, Fasttoken BVI has rigorously undertaken indispensable measures to mitigate the impact and prevent further proliferation of this misappropriated digital wealth. The primary step involves the categorization of the hacker's address as a flagged entity across diverse blockchain data services, including but not limited to Chainanalytics and Etherscan. This classification aims to preclude any centralized exchange or akin institutions from accepting deposits originating from this flagged address or any connected addresses linked to it through transactions.
Furthermore, to fortify the protection of interests of all other FTN holders, Fasttoken BVI has instituted strict protocols that obstruct the transfer of these assets to the Bahamut blockchain. It is incumbent upon all developers, especially those engaged in decentralized application development and bridge services, to exercise prudence and diligence when handling ERC20 FTN and overseeing cross-chain transfers to Bahamut. The utmost caution must be exercised to prevent any inadvertent reintroduction of these funds into circulation, thereby safeguarding the integrity and interests of genuine FTN users.
Fasttoken BVI remains resolute in its commitment to upholding the highest standards of security and integrity within the digital asset landscape. The company continues to collaborate proactively with relevant entities and industry stakeholders to fortify defenses against such cyber threats and ensure the continued trust and confidence of its users and partners.