VeChain Suffers Hack Of BuyBack Wallet, Loses 1.1 Billion VET

VeChain suffered the misfortune of having its buyback wallet, containing a significant amount of VET tokens, hacked. The Vechain Foundation put the blame of the hack on “human error and the mismanagement of the private key” of the buyback wallet.

The VET tokens were transferred to another address, it’s key being The VeChain Foundation is currently keeping a close eye on the address, tagging the address itself, and all addresses associated with VeChainStats. The VeChain Foundation has been tracing the VET tokens every since it was stolen.

Timeline of Vechain