Pi Network Freezes Payment Requests After Over 4.4 Million Pi Tokens Lost
- Payment Request Suspension: Pi Network has paused all wallet payment requests after discovering that users were manipulated into approving transfers, aiming to prevent further losses, particularly as over 4.4 million Pi tokens have already been stolen, highlighting the critical need for user education.
- Attack Methodology Unveiled: This attack was not due to a technical flaw but exploited blockchain transparency, as attackers analyzed on-chain data to target high-balance wallets and sent seemingly routine payment requests, leading users to approve transfers unknowingly.
- Emergency Response Measures: The Pi Network team swiftly froze payment requests to cut off the primary entry point for the scam, while community leaders urged users to reject any unsolicited payment requests, regardless of how official they may appear.
- Ongoing Development Progress: Despite the setback, Pi Network continues to advance its development efforts, including implementing two-factor authentication to reduce risks during Mainnet migrations and utilizing AI-assisted KYC checks to expedite user qualification processes, ensuring the project's long-term viability.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0777 | 0.0855 | 0.0946 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.0751 | 0.079 | 0.0855 | 0.0919 | 0.0959 | 0.102 |
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