Crypto Whale Suffers $38M Loss Due to Multisig Vulnerability
Crypto Whale Loss: A crypto whale lost approximately $38 million after an attacker compromised a multisig wallet, draining its funds and retaining control of a leveraged DeFi position linked to the wallet.
Private Key Compromise: The breach occurred due to the exposure of a private key, likely during wallet setup, which allowed the attacker to switch the signer to their own address and execute a massive outflow of funds shortly after the wallet was created.
Ongoing Security Threats: This incident highlights a broader trend of private key theft and social engineering attacks in the crypto sector, with hackers increasingly targeting human trust rather than exploiting smart contract vulnerabilities.
Potential Market Risks: The attacker's control over the victim's leveraged position on Aave poses additional risks, as market fluctuations could lead to forced liquidations, exacerbating the financial losses from the breach.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
