VeChain Loses $6.6M in VET Tokens to Hacker in Attack on Buyback Wallet

VeChain token slips over 4% after an unknown hacker has redirected $6.6 million from the VeChain Foundation’s buyback wallet.

Note: This story is breaking and will be subject to updates.

VeChain Foundation’s wallet has been compromised in a hacker attack targeting funds earmarked for the foundation’s buyback program.

Per a VeChain Foundation announcement on Dec. 13, an unknown hacker has redirected 1.1 billion VET tokens — valued at approximately $6,600,000 at press time — from the VeChain Foundation’s buyback wallet to a personal wallet address.

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