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Arbitrum-based project Concentric.fi hacked, price drops 51%. Blockchain security firm PeckShield, which has an altcoin project called Concentric.fi based on Arbitrum, announced that the infrastructure of Concentric.fi had been attacked.
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— PeckShieldAlert (@PeckShieldAlert) January 22, 2024
PeckShield posted the following on X (Twitter):
Concentric.fi has reported being attacked and abused.
The local token CONE fell by 51% after this announcement.
The amount of stolen assets is as follows:
- $1.72 million worth of cryptocurrencies
- The stolen $1.72 million worth of cryptocurrencies were converted to 716 Ethereum (ETH).