The cyberattack on New Gold Protocol led to a significant loss, with the attacker transferring 443.8 ETH to TornadoCash, triggering a dramatic token price drop.
New Gold Protocol (NGP) was hit by a cyberattack that caused losses of approximately $2 million. The price of NGP's token plunged by 88% within an hour of the exploit. The attacker transferred 443.8 ETH into TornadoCash, a privacy-enhancing service on the Ethereum network, following the incident.