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Axion went to 0 after the hacker attack

On the 2nd of November 2020 at approximately 11:00 AM +UTC a hacker managed to mint around ~80 billion AXN tokens by utilizing the unstake function of the Axion Staking contract.

The attack utilized code that was deliberately injected prior to the protocol’s deployment. This incident bears no relation to the audits conducted by CertiK and the party responsible for the attack was a person that seemed to be involved with the deployment of the Axion Network contracts.

The hacker proceeded to then dump the tokens on the AXN Uniswap exchange for Ether, repeating this process until the Uniswap exchange was drained and the token price was driven to 0. Read the full report from cointelegraph.com

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