“I alerted Nischal of WazirX Hack, He didn’t believe first”: Cyvers VP
WazirX Hack Details: Michael Pearl from Cyvers revealed that he alerted WazirX co-founder Nischal Shetty about a significant hacking attempt on July 18, which resulted in the theft of $234.9 million from their multi-signature wallet. Despite initial disbelief, WazirX's response was delayed, and Pearl emphasized that proactive security measures could have prevented the hack.
Impact on Crypto Security: The incident highlights a 900% increase in attacks on centralized exchanges, with many still relying on internal security instead of specialized cybersecurity firms. Pearl noted that recovering stolen funds is challenging, with only about 25% success in bounty programs, underscoring the importance of preventive measures against hacks.
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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 | - | - | - | - | - | - | - |
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