The Escrowed Illuvium (SILV) token price on decentralized cryptocurrency exchanges has plummeted 99% due to a liquidity pool hack. At 11:35 Moscow time on January 5, the cost of the altcoin is $ 6, writes RBC Crypto.
Pool attack reported the developers of the Illuvium token. They also noted that Escrowed Illuvium is an unofficial pool of liquidity and urged not to buy SILV tokens.
⚠️ Please DO NOT buy in the $sILV pool. We have discovered a security flaw and are working to rescue the $sILV pool. Attackers were able to steal some of the funds but not all of them as we executed a swap of our own. (1/3)
— Illuvium (@illuviumio) January 4, 2022
The Illuvium creators admitted that the attackers managed to steal part of the funds from the SILV liquidity pool. The developers promised to indemnify all SILV token holders.
The Illuvium project positions itself as a decentralized gaming studio that develops projects for earning cryptocurrency. Escrowed Illuvium is a token for the Illuvium Project Coin (ILV).
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