CrossCurve Suffers $3 Million Loss from Cross-Chain Exploit
- Loss Overview: CrossCurve has suffered an estimated $3 million loss due to a flaw that allowed spoofed cross-chain messages to bypass validation, prompting users to reassess their exposure across multiple affected networks.
- Attack Details: Blockchain security monitor Defimon Alerts traced the incident to a vulnerability in a contract linked to CrossCurve’s Axelar message handling, enabling malicious actors to forge data and call privileged execution functions, unlocking funds that should have remained secured.
- Protocol Response: CrossCurve is actively collaborating with security partners to assess the full extent of the damage and investigate whether additional contracts may be impacted, with no timeline provided for a potential fix or return to normal operations.
- Ecosystem Impact: Curve Finance has advised users to reassess their positions in CrossCurve-linked liquidity pools, emphasizing that while its core contracts remain unaffected, the incident highlights growing concerns regarding third-party risks in complex cross-chain systems.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000204 | 0.000249 | 0.000293 | 0.000338 | 0.000382 | 0.000427 | 0.000471 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
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