Why Fantom's Cryptocurrency Is Crashing Today

Fantom's (CRYPTO: FTM) FTM token is seeing big sell-offs in today's trading. The cryptocurrency was down roughly 16.5% over the previous 24-hour period as of 2:45 p.m. ET on Saturday.

Nearly every non-stable coin token among the top-100 cryptocurrencies has seen substantial sell-offs over the past day, but FTM has been the cohort's biggest loser across the stretch. In addition to sell-off momentum that's affecting the crypto market at large, Fantom's cryptocurrency appears to be losing ground because of the exploitation of a decentralized finance (DeFi) application that runs on its blockchain.  

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Source Fool.com