Farcana, a blockchain-based shooter game featuring tournaments, has experienced a major security breach, leading to a drastic 60% drop in the value of its native token, FAR.
In a post originally shared on X and still accessible via the Turkish version of crypto.news, Farcana disclosed that “one of the FAR wallets has been compromised.” They further stated that deposits to all centralized crypto exchanges have been halted until the issue is resolved.
As of the latest update, Farcana has not provided a reason for deleting the post. In another communication on X, the team advised users to avoid clicking on any links and assured them that they are “working diligently to address the breach and safeguard your assets.”
The extent of the breach remains unclear, but it has had an immediate impact on FAR’s price, which plummeted by 60% to $0.015, according to CoinGecko.
Established in 2022, Farcana secured $10 million in seed funding from investors including Animoca Brands, Polygon Ventures, Fenbushi Capital, and Merit Circle. Powered by Unreal Engine 5, Farcana shares a visual style reminiscent of Overwatch, a popular team-based multiplayer first-person shooter by Blizzard Entertainment. The game operates on a free-to-play model.
