Futureswap Hacked Again, $74,000 Stolen in Second Attack
- Second Attack: Decentralized leverage trading platform Futureswap has been exploited for the second time in four days, with hackers stealing approximately $74,000, indicating ongoing vulnerabilities that could undermine user trust and capital inflow.
- New Vulnerability Exposed: Blockchain security firm BlockSec Phalcon revealed that the attack exploited a reentrancy vulnerability in the contract, highlighting a new attack surface that could lead to further financial losses and increasing concerns over DeFi platform security.
- Cumulative Losses Exceed $1 Million: Futureswap has suffered three attacks in the past month, with cumulative losses exceeding $1 million, including a previous exploit that resulted in a loss of $395,000, showcasing significant deficiencies in the platform's security measures that may affect its market position.
- Increased User Asset Risk: Despite Arbitrum's layer-2 blockchain holding over $3.1 billion in total value locked, frequent security breaches have led to recommendations for users to withdraw assets from older contracts, reflecting the fragility of the DeFi ecosystem and the need for enhanced security protocols.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 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 | 0.000197 | 0.000246 | 0.000294 | 0.000343 | 0.000391 | 0.00044 | 0.000488 |
| Fibonacci | 0.000246 | 0.000283 | 0.000306 | 0.000343 | 0.00038 | 0.000403 | 0.00044 |
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