NFPrompt, a cutting-edge art and NFT trading platform powered by AI and backed by Binance, has recently experienced a significant breach in its security. The FBI has taken charge of the investigation into this matter.
An official statement has confirmed that the attackers successfully infiltrated the platform, resulting in unauthorized withdrawals from the NFPrompt treasury, user accounts, and administrator wallets. However, NFPrompt has swiftly taken action to protect its digital assets. By transferring control of its smart contracts to new and secure addresses, NFPrompt has assured all stakeholders that their assets are now safe.
In the aftermath of the breach, the NFP token, which was launched just three months ago around Christmas, experienced a 10% decline as numerous users swiftly liquidated their assets. However, prior to the breach, the token had been showing positive growth in recent weeks. Despite the setback caused by the breach, the NFP token has still managed to achieve a remarkable increase of over 20% in just one month, as reported by CoinGecko.
To prevent further risks, NFPrompt has taken proactive measures. This includes collaborating with central exchanges to temporarily suspend deposits and advising decentralized exchanges to cease any liquidity pool activities involving the NFP token. Additionally, specific exchanges have been instructed to freeze any transactions linked to the parties involved in the breach.
NFPrompt, established in 2023, provides users with the ability to create and register AI-generated art as NFTs on the blockchain. In September of last year, NFPrompt was chosen by Binance’s venture arm, Binance Labs, to participate in its sixth season of the highly regarded incubation program.
In other news, Bitcoin has recently pulled back from its record high amidst warnings from analysts of a potential 20% market correction.