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FaucetPay announces major security incident

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Faucet Pay is a micropayment wallet and earnings platform of cryptocurrency enabling the instant deposit of cryptocurrency micro-payments from many faucets and GPT/PTC platforms that a Mainstream wallet or crypto-exchange might evaporate through the network transnational fees. The platform supports various cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Litecoin, Bitcoin Cash, DASH, DigiByte, Tron, TRC-20 USDT and the native token FEYORRA with more cryptocurrencies coming soon. The platform includes the following sections:

  • Coin swap section allowing the user to exchange any amount of cryptocurrency to any other supported cryptocurrency.
  • Immense list of 600+ faucets to claim cryptocurrency with a list for each supported cryptocurrency.
  • Earning section that includes a PTC program and third party Offerwalls, Surveys and Tasks.
  • Generous rewarding Affiliate and Loyalty Program.
  • Multiply gambling games such as Roll the Dice, Roulette, Limbo etc.
  • Availability of FREE scripts in the form of APIs allowing users to develop their own faucet platform and embed Faucet Pay payments in it.
    No interest is included for keeping the earnings in the platform apart from the staking of the native token FEYORRA with an astonishing 356% APY. The following table includes a detailed list of the withdrawal fees to any other cryptocurrency wallet.

On 14th March 2021, the platform announced a major security incident. Faucet Pay suffered a loss of around $600,000 after their hot-wallets were compromised and the hacker had access to their funds kept there. Faucet Pay Team s still investigating the situation and has shared all details with the local authorities. Moreover, it assures that Faucet Pay will cover the loss and no users will be affected from the hack.
In the meantime, Faucet Pay Team request the patience of Faucet Pay users as deposits and withdrawals have been deactivated and advises users not to send any funds to previous deposit addresses as they will be lost. New addresses will be generated soon. Faucet Pay Team is deeply sorry for the inconvenience caused.

According to Faucet Pay Team, this is a Breakdown of the hacked funds:

3.58932114 BTC ( USD 219,007.10 ) 1030271.94 TRX ( USD 54,365.38 ) 43072.2188 USDT ( USD 43072.21) 108.5992645 DASH ( USD 26,586.54 ) 4.00000000 BCH ( USD 2,355.08 ) 618,399.9256972 DGB ( USD 38,367.38 ) 280.65664095 LTC ( USD 62,680.42 ) 2,624,596.00000000 DOGE ( USD 164,144.85 ) 0.484382512238528 ETH ( USD 1905.63 )

= USD 612,523.21

Faucet Pay Team also provides a list of the addresses which were used for the withdrawal of the above mentioned funds from Faucet Pay hot wallets, as follows:

BTC: https://btc.com/1N3ASQGeSSN7rwDRz1ju2MoJKY1eUZTre3 TRX/USDT: https://tronscan.io/#/address/TBsuMspucGxiXPjp7TvovVqeRmJRiPR7EF ETH: https://etherscan.io/address/0xfebc57a58b9da077b7786b9c6c644c3c25b93b7e DOGE: https://dogechain.info/address/D5LYa1jPeNJFUqohxgfxJumq8AHveYAiwG LTC: https://chainz.cryptoid.info/ltc/address.dws?MSCx9tPL4Xd6v5VnjLSexNFZ6VKEaoLs66.htm DASH: https://chainz.cryptoid.info/dash/address.dws?XkLA7ZLK4RvRF4qCQ2448oddSrWunaNL2v.htm Bch: https://bch.btc.com/bitcoincash:qpcy0l0xctwg43ex335m57llvxjukjsmuqtupe9set DGB: https://chainz.cryptoid.info/dgb/address.dws?DBUjqE8cgc7s7jfcvoKQdMXbULbLTBV7j4.htm

In a later statement, Faucet Pay Team announced that on 17th March 2021, the website will be unavailable from 4.30 AM to 7.30 AM UTC as the Faucet Pay Team will make necessary security arrangements to restore the website. Faucet Pay Team is committed to restore the deposit and withdrawal system by 30th March.

More information about the incident can be found here: https://faucetpay.io/faucet/incident

Disclaimer: All information found on this article is for informational purposes only. I do not provide any personal investment advice so please make your own research before proceeding to any investment/trading action.

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