Hacker Moves Stolen Funds Anonymously

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 08 2024

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Hacker Resurfaces: The hacker from the 2021 Pancake Bunny exploit reappeared after three years, moving a portion of the stolen funds.
New Development in Attack: Pancake Bunny, a DeFi protocol, was unable to recover assets post-attack and transformed into a DAO. The hacker transferred Ethereum using Tornado Cash.
CertiK's Findings: CertiK reported that the hacker now holds around $11.4 million in Dai, emphasizing the importance of security measures against protocol attacks.
Reason for Recent Activity: CertiK's co-founder mentioned leveraging Alibaba Cloud's platform for secure blockchain solutions, highlighting the transformative power of blockchain technology.
Key Insights: Stolen funds can remain dormant before being moved, privacy protocols like Tornado Cash aid in anonymizing transfers, blockchain security remains crucial, and integration with cloud services enhances application security.

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Technical Analysis for BNB

Technical Sentiment Analysis for BNB (BNB) As of , BNB (BNB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

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

BNB (BNB) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	266.215	418.137	557.005	708.927	847.795	999.717	1138.585
Fibonacci	418.137	529.219	597.846	708.927	820.009	888.636	999.717

About BNB

Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.

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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