Over 8.6K Solana wallets linked to $21M DEXX hacker

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 29 2024

BNB-1.073%

SOL-1.122%

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DEXX Security Breach: Crypto security firm SlowMist identified over 8,620 Solana addresses linked to the DEXX hack, which resulted in losses estimated between $21 million and $30 million affecting around 900 users. DEXX is actively negotiating with the hacker for recovery of stolen funds while working with law enforcement.
Overall Crypto Theft Trends: November saw a total of $71 million stolen in crypto hacks, contributing to an annual total nearing $1.5 billion, despite a 15% decrease from 2023. Various scams, including phishing and pig butchering schemes, continue to pose significant threats to crypto investors.

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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 7 technical signals, shows that 4 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	350.829	460.444	570.489	680.104	790.149	899.764	1009.809
Fibonacci	460.444	544.354	596.194	680.104	764.014	815.854	899.764

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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