BlockTower Capital Drained by Fraudsters
BlockTower Capital Hacking Incident:
- The main hedge fund of BlockTower Capital, a crypto investment firm, was hacked.
- The stolen money has not been recovered yet, and the firm is working with blockchain experts to investigate the incident.
- The exact amount of assets stolen has not been disclosed.
- BlockTower Capital previously acquired Gamma Point Capital in 2021 and launched a venture capital fund worth $150 million in October 2022.
- The firm faced hacking incidents before, including a $1.5 million hack in February 2023 and setbacks due to exposure to troubled cryptocurrency-friendly banks.
Crypto Hacks Industry-Wide Issue:
- Cryptocurrency hacks continue to be a significant problem in the industry.
- In 2022, hackers stole $4 billion, and in 2021, $2 billion was stolen.
- Notable victims of cryptocurrency hacks in 2023 include Mixin Network, Euler Finance, Multichain, Atomic Wallet, and Poloniex.
- UN experts reported that North Korea laundered nearly $150 million of stolen crypto in March 2023 alone.
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Technical Analysis for EUL
Technical Sentiment Analysis for Euler (EUL) As of , Euler (EUL) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for EUL 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, EUL 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 $-.
Euler (EUL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.1 | 0.368 | 0.737 | 1.205 | 1.574 | 2.042 | 2.411 |
| Fibonacci | 0.368 | 0.688 | 0.885 | 1.205 | 1.525 | 1.722 | 2.042 |
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