Hong Kong-based gaming software and venture capital firm Animoca Brands said it will cover users losses that occurred via a hack of the Discord server for its “Phantom Galaxies” game that occurred on Nov. 19.
- Animoca Brands said it will cover the loss of 265 ETH, worth about $1.1 million from a hack which involved an upcoming game called “Phantom Galaxies” that is being developed by its Australia-based subsidiary Blowfish Studios.
- Animoca noted that there was no evidence that smart contracts were compromised, and no funds were stolen from the game or from its developer or publisher.
- According to the firm, last week, hackers managed to access the Discord account of Phantom Galaxies and take over its server. The hackers then posted a fraudulent announcement claiming that the game was launching an NFT minting event.
- The hackers directed users to a website charging users a 0.1 ETH fee that sent the funds on to the hackers’ Ethereum address. The total sent was 265 ETH, or roughly, $1.1 million.
- The company said the method for compensating users for their lost ether will be determined after discussions have been held by the Phantom Galaxies community.
- Animoca Brands and Blowfish have apologized for the incident.
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