FaceDAO: One of the Ethereum Chain-based Wallets Was Attacked and a Large Mount of $FACE Tokens Were Sold Off

FaceDAO officials tweeted that a large number of $FACE tokens were sold off on the Ethereum chain on the morning of April 16, 2022 Eastern Time, causing a huge impact on the token price. The cause of the incident was that one of the Ethereum chain-based wallets held by the team was hacked, and the $FACE tokens held within were transferred and sold by an unauthorized account. The FaceDAO team said that all transactions on the Ethereum chain and ERC-20 cross-chain $FACE transactions are currently suspended. Deposit/withdrawal options on the FaceDAO App are disabled temporarily. In addition, all $FACE tokens circulating on the ethereum chain will be transferred to BNB Chian, and the related smart contracts will be deactivated.