“Feminist Metaverse” cryptocurrency fell 99% in hours

“Feminist Metaverse” cryptocurrency fell 99% in hours

A currency cryptocurrency called “Feminist Metaverse” has fallen 99% in the last few hours, showing worrying signs for investors in the project. The currency was created in December 2021 after a spike in interest in the metaverse market.

Many of these planned metavarses are themed, with platforms seeking to attract niche users to their ecosystems.

The sector has grown with many large technology companies showing interest in innovation. However, in the dispute over space are decentralized metaverses, associated with blockchain technology, NFT and crypto-currencies.

Feminist Metaverse Cryptocurrency Drops 99% in Few Hours

Following the height of interest in metaverses, the “Feminist Metaverse” cryptocurrency project has emerged as an alternative to bring more women into the digital currency market.

According to data from the Federal Revenue Service in Brazil, for example, women are a minority in the currency crypto market, and these investors are the ones who claim less of their possessions.

With more men present in the industry, the project said it will help women take the lead as investors, as currency cryptocurrencies are here to stay.

“It’s time for women to take the lead as investors, decision makers and executives and start sharing the market as cryptocurrencies are here to stay.”

This Wednesday (18), the project was the target of a cyber incident that drained 1,838 BNB from the return of those responsible for managing the currency. According to the company alert PechShieldThe amount was sent to Tornado Cash, a famous mixer in the market, provoking a project loss of R $ 2.66 million, according to the BNB quote today.

With the successful hacker attack, the value of the Binance Smart Chain network token has dropped by 99% in the last few hours, listed only on the PancakeSwap exchange.

The Chart Shows the Price of Feminist Metaverse Cryptocurrency Plumped After Incident
Chart shows the price of the Metaverso Feminist cryptocurrency plummeted after the incident. Reproduction.

What does the “Feminist Metaverse” say?

In a public note on the matter, the Twitter profile of cryptocurrency Feminist Metaverso confirmed the hacker attack and says it is investigating the case and promises to resolve the issue soon.

“FM has been attacked by some random scammers. We are investigating the problem. We will resolve this soon. Please be patient every friendly user.”

The Metaverso Feminist cryptocurrency profile confirms the hacker attack
Metaverso Feminist cryptocurrency profile confirms hacker attack. twitter

It is worth remembering that, regardless of whether the currency is thematic or not, the currency crypto market is an area that values ​​the security of projects. In the case of the project attacked on Wednesday, he promised to create a DAO for women and an equal metaverse.

An audit conducted by Certik already indicated certain risks of the “Feminist Metaverse”, such as its centralization, for example. It is unclear what caused the problem, but the market also reflects another unfortunate situation that puts investors at risk in unknown and unsecured currencies created in recent months.

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