$VOW Plummets Over 50% Following Cyber Attack Report Uncovering Multi-Million Dollar Hack

In the last 24 hours, $VOW has suffered a dramatic 50% drop in value after Cyver Alert released a concerning report today.

The report revealed that on August 13, 2024, Cyver’s monitoring system detected several suspicious transactions involving the Vowcurrency (@Vowcurrency) network.

According to Cyver Alert, the attack was meticulously planned, with the malicious contract being deployed 112 days ago.

On August 13th, the attacker executed two hack transactions, resulting in the theft of 175 ETH, 595,970 USDT, and 5,801,632 $VOW. Cyver Alert’s system has traced every step of the attack, providing a detailed breakdown of the malicious activities.

The attacker initially funded the operation using Tornado Cash, a privacy-focused platform often associated with illicit activities. Following the successful hack, the attacker began moving the stolen funds back through Tornado Cash, already transferring 50 ETH. Despite these withdrawals, the hacker still holds 402 ETH at their address, indicating that further attempts to launder the stolen assets may be imminent.