Arbitrum DeFi Protocol Thala Labs Recovers $25M After Exploit on Nov. 15
Security Breach at Thala Labs: On November 15, 2024, Thala Labs experienced a significant security breach due to a vulnerability in its v1 mining contract, resulting in the theft of $25.5 million in liquidity pool tokens. However, with swift action and collaboration with law enforcement and recovery groups, Thala managed to recover $25 million within six hours.
Impact on Users and Future Security: Affected users will have their positions restored without needing to take any action, while Thala's operations remain paused for a thorough review of its codebase to prevent future vulnerabilities. The incident highlights ongoing security concerns in the cryptocurrency space, where losses from hacks continue to be a major issue despite some decrease in exploit-related losses.
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Technical Analysis for RDNT
Technical Sentiment Analysis for Radiant Capital (RDNT) As of , Radiant Capital (RDNT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for RDNT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, RDNT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Radiant Capital (RDNT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00278 | 0.00397 | 0.00522 | 0.00641 | 0.00766 | 0.00885 | 0.0101 |
| Fibonacci | 0.00397 | 0.0049 | 0.00548 | 0.00641 | 0.00734 | 0.00792 | 0.00885 |
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