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Fusion’s $6.4M cryptocurrency theft could be an inside job, firm says


Thieves have ransacked the Fusion Protocol, a blockchain-powered platform for exchanging “stablecoins,” stealing roughly $6.4 million worth of tokens. “[On] September 28th 2019, the Fusion swap wallet was compromised, resulting in theft of 10 million native FSN and 3.5 million ERC20 FSN token,” reads a Fusion Foundation blog dated September 29. The post then confirms the platform’s own wallet was the only one affected, as the firm had received no reports of compromised user wallets. Cryptocurrency traders reacted immediately to a prior announcement in the firm’s Telegram channel. The value of FSN halved, dropping from around $0.50 to below $0.25…

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