Security Breach at SwapNet Leads to Asset Theft
- Security Incident Impact: Matcha Meta disclosed a security breach involving SwapNet that resulted in approximately $16.8 million in cryptocurrency theft, although users with 'One-Time Approval' were unaffected, highlighting potential vulnerabilities in crypto protocols.
- Contract Disablement Response: The SwapNet team swiftly disabled its contract after being contacted by Matcha Meta to contain the damage, underscoring the importance of rapid responses in decentralized systems, even as market reactions remained limited.
- Attacker Behavior Analysis: Blockchain security expert PeckShieldAlert reported that the attacker drained around $16.8 million in cryptocurrency, exchanging approximately $10.5 million in USDC for 3,655 ETH, primarily on the Base chain, reflecting community concerns over security.
- Stablecoin Market Performance: Despite security issues, USDC remains stable at $1.00, with a market cap of $72.41 billion and a trading volume of $10.49 billion, indicating a continued demand for enhanced security as the cryptocurrency ecosystem expands.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) 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 X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000591 | 0.00000889 | 0.0000115 | 0.0000144 | 0.000017 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000889 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000166 | 0.0000179 | 0.00002 |
About X
About the author
