Prisma Finance is Facing a $10 Million Hack Attack

The decentralized finance protocol Prisma Finance faced a $10 million hack attack on March 28. Blockchain security company Cyvers was among the first to notice the incident and quickly revealed the extent of the attack. Large Fund Transactions Detected The Prisma Finance team announced that the protocol was paused to investigate the incident. According to DeFiLlama data, the protocol has a value of over $222 million. The attacker started converting the stolen funds to Ethereum. PeckShield announced that the attack is ongoing and losses have reached $11.6 million. Users were urged to pay attention to official announcements and be vigilant against scammers. Scammers are on the Lookout Beneath Prisma Finance’s official announcement, there are fake accounts attempting to mislead users with deceptive links. It was determined that these accounts have no connection to Prisma Finance. Hack attacks in the crypto sector continue to negatively impact the industry’s credibility. By 2024, […]

editorby 28 March 2024 1 Min Reading Time 266 Read Times

Prisma Finance is Facing a $10 Million Hack Attack

Large Fund Transactions Detected

The Prisma Finance team announced that the protocol was paused to investigate the incident. According to DeFiLlama data, the protocol has a value of over $222 million. The attacker started converting the stolen funds to Ethereum.

PeckShield announced that the attack is ongoing and losses have reached $11.6 million. Users were urged to pay attention to official announcements and be vigilant against scammers.

Scammers are on the Lookout

Beneath Prisma Finance’s official announcement, there are fake accounts attempting to mislead users with deceptive links. It was determined that these accounts have no connection to Prisma Finance.

Hack attacks in the crypto sector continue to negatively impact the industry’s credibility. By 2024, a total of $200 million has been lost in 32 different hack and rug-pull incidents. There is a significant increase compared to previous years, and a significant portion of these thefts are carried out by the North Korean Lazarus Group.

Token Lock Releases and the Market Impact of ID Token

News 4 weeks ago

The cryptocurrency ecosystem closely monitors token lock release events, especially with great attention. Within the next week, it is indicated that token lock releases worth approximately $45.80 million will take place. These events can significantly affect market fluctuations. Particularly, ID, the local token of the Space ID platform that provides domain services in blockchain networks, is one of the key tokens that investors keep an eye on. ID Token Lock Release The lock release of the ID token, which will show an increase in supply of approximately 4.29%, will take place on April 22 at 03:00. This event can affect the market value of the ID token and the interest of investors in this token. Currently, the token is trading at $0.849 level and investors are closely monitoring this process. ID Chart Analysis According to the four-hour chart analysis of the ID token, an exit from the falling channel formation […]

Analysis of XRP Coin on SEC Lawsuit and Market Impacts

News 4 weeks ago

The ongoing legal process with the SEC has been affecting the market evaluations of XRP coin. Lawyers are set to present their appeals on Monday. Experts indicate that the increase in circulation supply will make it difficult for XRP to reach its former highs. Nevertheless, the recent short-term recovery in its price is promising. Market Dynamics and Price Movements Following recent losses, XRP has risen by 5.55% to $0.53. While its losses were greater compared to other cryptocurrencies, it is currently showing signs of recovery. Legal evaluations, court documents, and other details may positively or negatively impact XRP’s price in the future. Throughout 2024, the market has been on the rise while XRP has been lagging behind other altcoins. It lost 15% this year, while Bitcoin showed a 35% increase. This underperformance of XRP has prevented its growth even in high-risk appetite days. Investor Interest and Expectations Some investors may […]

The Strong Structure of Cardano (ADA) Treasury and ADA Coin Price Predictions

News 4 weeks ago

Cardano’s (ADA) treasury holds 1.5 billion ADA, which accounts for more than 4% of the circulating supply and is worth around $720 million with the current market value. These funds in the treasury are used to support the ecosystem and finance new projects. The Cardano ecosystem aims to create a self-sustaining structure using this balance. Features of the Cardano Ecosystem Cardano has a decentralized structure and allows ADA owners to vote democratically. This structure strengthens decentralization and democratic governance. The funds in the treasury increase through network activity, and a portion of transaction fees and block rewards accumulate in the treasury. The community votes on the use of these funds to finance projects. However, despite the expansion of Cardano’s smart contract capabilities, the number of applications that attract a significant and large user base on the network remains insufficient. The Future of ADA Coin According to technical analysis expert Ali […]

Prisma Finance is Facing a $10 Million Hack Attack

Large Fund Transactions Detected

Scammers are on the Lookout

Recovery Expected in LTC Price

Rising Market Value of Shiba Inu (SHIB)

Token Lock Releases and the Market Impact of ID Token

Analysis of XRP Coin on SEC Lawsuit and Market Impacts

The Strong Structure of Cardano (ADA) Treasury and ADA Coin Price Predictions

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