Lympo's hot wallet was compromised, resulting in the theft of 165.2 million LMT tokens worth $18.7M. The attacker transferred the stolen tokens across 10 project wallets before consolidating them into a single address and swapping them for ETH on Uniswap and SushiSwap. The LMT token price dropped 92% following the incident. Cold wallet reserves remained secure.

Sports NFT platform Lympo suffered a hot wallet security breach, losing 165.2 million LMT tokens worth $18.7 million in the hack. Ten different project wallets were compromised in the attack. Quotes show that the LMT price plummeted 92% to $0.0093 after hackers moved and sold the loot in the project’s hot wallet.