Crypto Hacker's Millions Vanish as Project Erases Stolen Tokens
Recent Crypto Hack: Yearn Finance experienced a significant security incident on November 30, resulting in a loss of approximately $9 million, primarily from its stableswap pools.
Hacker Communication: Following the hack, Yearn Finance attempted to engage with the hacker, warning them about the risk of their stolen tokens being burned and offering to discuss terms privately.
Token Burning: On December 1, Yearn Finance burned $2.4 million worth of stolen tokens from the hacker's balance, while minting an equivalent amount to their multisig wallet to stabilize the ecosystem.
Previous Exploits: This incident marks the third significant exploit for Yearn Finance, which previously lost $11 million in two separate breaches in 2021 and 2023.
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Technical Analysis for BAL
Technical Sentiment Analysis for Balancer (BAL) As of , Balancer (BAL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BAL 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, BAL 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 $-.
Balancer (BAL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.197 | -0.0212 | 0.106 | 0.282 | 0.409 | 0.585 | 0.712 |
| Fibonacci | -0.0212 | 0.0946 | 0.166 | 0.282 | 0.398 | 0.469 | 0.585 |
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