Force token a DeFI platform , was a victim of hackers that attacked it and the launching and in which 183 ETH was lost and in which presently they are recovering after an initial sell –off.
Furthermore, following a coordinated attack on DeFi platform ForceDAO on Sunday, hackers made away with 183 Ethereum (ETH) that is valued at $386,00. Capping off a high volatile 24 hours for the newly launched project, ForceDAO;s native, FORCE token was taken in recovery mode on Monday.
Also, in the initial attack an additional 14.8 million FORCE token were compromised, which have been taken back to the pool.
Force is both a protocol and decentralized autonomous organization or DAO, which is often decribed as a quantitative hedge fund. High yielding DeFi opportunities is the reason in which Force was designed.
Often described as a quantitative hedge fund, Force is both a protocol and decentralized autonomous organization, or DAO, that’s designed to produce higher-yielding DeFi opportunities for its community.
The FORCE token collapsed more than 99% on Sunday, from $2.21 to a low of just 2 cents, according to CoinGecko. The token has since recovered 173% in the last 24 hours.