Crypto lender Polter Finance halts operations after $12M hack

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 18 2024

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Polter Finance Hack Incident: Polter Finance, a decentralized lending platform, paused operations after a hack drained $12 million from its total value locked (TVL), linked to a faulty oracle price-related flash loan attack on its new market. The founder reported the incident to Singapore authorities and attempted to negotiate with the hacker, who did not respond.
Community Skepticism and Response: Following the hack, community members expressed doubts about the incident possibly involving insider activity. In response to skepticism, Polter Finance announced a partnership with SEAL-ISAC to aid in tracking down the attacker.

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Technical Analysis for SD

Technical Sentiment Analysis for Stader (SD) As of , Stader (SD) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SD 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, SD 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 $-.

Stader (SD) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.055	0.0951	0.13	0.17	0.205	0.245	0.28
Fibonacci	0.0951	0.124	0.141	0.17	0.199	0.216	0.245

About SD

Stader is building key staking middleware infra for multiple PoS networks for retail crypto users, exchanges and custodians. Stader is building extremely modular smart contracts so third parties can leverage our components and build custom solutions.In the short term, Stader is building native contracts across multiple chains including Terra, Solana, Ethereum, Near, Avalanche, Fantom etc., and building an economic ecosystem to grow and develop solutions like yield redirection-style farming with rewards, liquid staking, launchpads, gaming and more.In the long term, Stader will focus on unlocking the platform approach and nurturing third parties to develop several staking applications with Stader infra.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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