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GMGN Denies Hacking Rumors, Confirms User Funds Secure

GMGN co-founder Haze says a phishing attack affected over 100 accounts but was resolved, with full compensation promised to impacted users.

Summary

GMGN co-founder Haze announced that an external phishing attack targeted approximately 107 accounts through fake token websites. The incident has been fully resolved, affected accounts have been secured, and GMGN will provide 100% compensation to impacted users on October 28. This update follows the company’s earlier denial of hacking rumors and its assurance that all user funds remain secure.

Terms & Concepts
  • Security Review: A comprehensive assessment of a system’s infrastructure, processes, and software to identify potential vulnerabilities and ensure protection against threats.
  • User Funds: Assets deposited by customers, including cryptocurrencies or fiat, held within a platform’s custody.
  • Phishing Attack: A cybercrime method where attackers deceive users into revealing sensitive information through fraudulent websites or communications.