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DeFi Hedge Fund Force DAO Attacked; FORCE Token Plunges

The price of Force DAO's native token is now down more than 80% in the last 24 hours.

Apr 4, 2021 at 3:05 p.m. UTC
Updated Sep 14, 2021 at 12:35 p.m. UTC

A decentralized finance (DeFi) hedge fund suffered an attack early Sunday morning that one analyst said was caused by five attackers.

  • The price of Force DAO's native token FORCE plunged on the news and is now down more than 80% in the last 24 hours, according to CoinGecko.
  • According to a chain of tweets by Mudit Gupta, blockchain team lead at blockchain software company Polymath, there were five attackers, one of whom later returned his share of the stolen funds. The others, however, made off with FORCE tokens worth about US$376,000.

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