Farcana’s FAR wallet was hacked, causing FAR price to drop 56%

The latest tweet from blockchain gaming studio Farcana on X states that one of its FAR wallets has been leaked.
All CEX deposits are currently frozen until the issue is resolved.
Farcana is working with external networks to investigate affected victims in the process.

As of the time of writing, Farcana’s native token FARUSDT fell from 0.0372 to 0.0160 within a few hours after the FAR wallet was hacked, a drop of 56%.

What is Farcana

Farcana is a shooting game with a battle royale mode backed and invested by Animoca Brands. Players seek to start a new life on a terraformed Mars and earn Infilium, the most powerful resource in the galaxy, to create disruptive technologies and Mine Bitcoin with extra speed.
Farcana is powered by a patented deflationary Play-to-Hash economic model based on real Bitcoin mining power.

Farcana Financing Status

Farcana raised $10 million in seed funding.
This financing was led by Animoca Brands, Polygon Ventures, Fenbushi Capital, and Merit Circle, and Rarestone Capital, MMPro Trust, Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, and Dravus Investment also participated in this round of financing.

Farcana team introduction

Ilman Shazhaev is the founder and CEO of Farcana and the executive chairman of OneBoost.
Past Experience:

• From 2011 to 2012, Ilman worked as an engineer and researcher at Grozny State Oil Technical University.
• From 2013 to 2014, he served as the assistant to the rector at Grozny State Oil Technical University.
• In 2015, Ilman graduated from Moscow State University of Civil Engineering with a bachelor's degree in Informatics and Computing.
• In 2014, Ilman received the Russian Presidential Scholarship; in 2015, he was awarded the Chinese Government Scholarship; and in 2017, he received the Shanghai Government Scholarship.
• From 2015 to 2017, he studied Mechanical Engineering at Harbin Institute of Technology in China. Since 2017, Ilman has been a PhD candidate in Engineering Management at Shanghai Jiao Tong University in China.
• In 2019, he co-founded Acoustery.
• In 2022, he founded MetaDeSci, a decentralized scientific metaverse platform connecting scientists, gamers, and investors.
• In 2022, he also created the Farcana Gaming Metaverse and Farcana Labs.