Phemex hackers exploit $FIDA on TRON to liquidate funds, causing a price collapse.

The Phemex hacker used $FIDA to liquidate funds on the TRON network, causing a 43% drop in $FIDA. According to monitoring by PeckShieldAlert, the address flagged by the Phemex hacker executed a transaction on the TRON network, exchanging approximately 1.30 million $TRX (worth about $320,000) for about 61 million $FIDA, making it the second-largest holder of $FIDA. The issuer of $FIDA has removed liquidity, resulting in a 43% price decline for $FIDA.