DeFi Planet

AI-powered content generation platform NFPrompt has suffered a network hack, resulting in funds losses for both customers and the platform’s treasury. The platform’s developers commented on this in a post on X on Friday, March 15, 2024.

According to the post, NFPrompt suffered a “critical security attack” from a group of hackers who compromised some user wallets, including those of the platform’s contract administrators.

The platform’s developers, however, noted that they had moved all of the smart contract ownerships to new addresses, which will efficiently terminate the attack vector. They noted that NFP coins and several other virtual assets on the platform are now “SAFU”, that is, safe.

They also added that they have involved the FBI to assist in seizing the hackers responsible for the attack and have contacted major centralised exchanges to freeze any funds that can be traced to the platform. They urged CEXs and DEXes to pause deposits of coin pairs related to the platform’s native token, NFP, while the investigation is ongoing.

In addition to the FBI, the team wrote that they were working with prominent Web3 security companies like Chainalysis and SlowMist to monitor the attackers’ on-chain activities and track down token swaps that could disclose their identities and those of their affiliates.

Meanwhile, NFP has experienced a price dip of over 21.875% in the past 24 hours, from a high of $0.96 to a low of $0.75, according to CoinMarketCap data. However, at press time, it is trading at $0.79.

NFPrompt, which is short for “Nonfungible Prompt,” was launched in 2023 as an AI art-creating and NFT trading platform that enables users to create artificial intelligence art and claim ownership on-chain. The platform was one of the 12 projects in the sixth cohort of Binance Labs‘s recent incubation program, which began last September.

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