A platform nurtured by Binance Labs, NFPrompt has encountered a severe security breach, resulting in substantial losses of user funds and treasury assets. This incident has led to a notable decline in the value of NFP tokens, prompting interventions from authorities such as the FBI to track down the perpetrators.

Following the hack, NFPrompt swiftly responded by securing assets, reassuring users, and collaborating with exchanges to mitigate further risks. The platform transferred all smart contract ownerships to new addresses to enhance security measures, ensuring the safety of NFP tokens and assets.

Despite these efforts, the market reacted to the breach, causing a 13.8% drop in the value of NFP tokens within 24 hours. Despite the setback, NFP tokens still maintain a 21% increase over the past 30 days, trading at $0.79 from its previous peak of $0.96 on March 14.

In response to the incident, NFPrompt issued cautionary measures to users, advising against accepting NFPs from untrusted sources and recommending trading only on reputable centralized exchanges (CEX). The platform collaborated with partner CEXs to pause deposits during the investigation and urged decentralized exchanges (DEX) to temporarily halt liquidity pool activities involving NFP. Additionally, transactions associated with the hackers were frozen, with a commitment to mark and forfeit NFP tokens linked to them.

The involvement of the Federal Bureau of Investigation (FBI) highlights the seriousness of the situation, as efforts are made to identify and apprehend the hackers. However, the full extent of the losses incurred by NFPrompt remains undisclosed at this time.

Established in 2023, NFPrompt gained recognition as an AI-driven art creation and NFT trading platform, selected for incubation by Binance Labs. Despite the setback, the platform’s proactive measures and collaboration with authorities demonstrate a commitment to protecting user interests and restoring confidence in its security protocols.