Farcana FAR experiences a substantial 60 drop following reports on a compromised wallet

In a recently deleted post on X, the blockchain game Farcana revealed that one of its crypto wallets had been compromised, leading to a drastic 60% drop in the value of the FAR token.
Farcana, a blockchain-powered shooter game featuring competitive tournaments, appears to have fallen victim to a major security breach, resulting in a significant decline of over 60% in the price of its own cryptocurrency, FAR.
Although the original X post has been removed, it is still accessible on the Turkish version of crypto.news. Farcana disclosed that “one of the FAR wallets has been compromised,” and stated that deposits to centralized exchanges have been suspended until the issue is resolved.
Despite the lack of an official explanation for the post’s deletion at the time of writing, Farcana has issued another X post advising users to refrain from clicking on any links and assuring them that efforts are being made to rectify the breach and safeguard their assets.
The extent of the breach remains uncertain, but the immediate consequence has been a sharp drop in FAR’s value, plunging by 60% to $0.015, as per data from CoinGecko.
Established in 2022, Farcana secured $10 million in seed funding from prominent investors such as Animoca Brands, Polygon Ventures, Fenbushi Capital, and Merit Circle. Powered by Unreal Engine 5, Farcana boasts a visual style reminiscent of Overwatch, a popular team-based first-person shooter game developed by Blizzard Entertainment. The game is reportedly operating on a free-to-play business model.
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