tl;dr
The Ronin Network bridge, securing over $850 million in cryptocurrency assets, has been temporarily paused due to a $9 million whitehat hack, raising concerns about DeFi platform security. The hack, reportedly exploiting a potential Miner Extractable Value (MEV) exploit, resulted in the extraction o...
Ronin Network bridge paused after $9M whitehat hack, raising concerns about DeFi platform security.
The Ronin Network bridge, securing over $850 million in cryptocurrency assets, has been temporarily paused due to a $9 million whitehat hack, raising concerns about DeFi platform security.
White hat hackers exposed a vulnerability, leading to the suspension of Ronin’s $850M-secured bridge.
The Ronin bridge has been temporarily paused following reports of a potential MEV exploit. This exploit, reportedly exploited by whitehat hackers, resulted in the extraction of nearly 4,000 Ethereum.
Despite the breach, Ronin’s RON tokens increased by 7.4% amid broader market rise.
Despite the security breach, Ronin’s RON tokens increased by 7.4% over the past 24 hours, indicating resilience amid broader market movements.
The incident highlights ongoing vulnerabilities in blockchain infrastructure and the need for continuous security upgrades.
The suspension of the bridge has left many users unable to access or sell their holdings, sparking widespread concern among crypto investors and users.
This latest incident has sparked widespread concern among crypto investors and users about the safety of DeFi platforms, with many users currently unable to access their holdings due to the bridge’s suspension.
Blockchain analytics firm PeckSheldAlert confirmed the $9 million theft from the Ronin bridge, with ongoing investigations into the exact method of the hack.
Reacting to the breach, the Ronin bridge promptly suspended services to prevent further losses, inconveniencing many users and causing frustration and concern.
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Technical Analysis Report: Navigating Market Trends
In the current market, the S&P 500 index has exhibited a strong bullish trend, with the RSI indicating overbought conditions. This suggests potential for a short-term pullback. The index is approaching a key resistance level at 3,000, where a breakout could signal further upside potential.
The stock of XYZ Company has formed a classic head and shoulders pattern, indicating a potential trend reversal. The neckline support at $150 is crucial, and a breakdown below this level could lead to further downside.
The moving average convergence divergence (MACD) indicator for the technology sector ETF is showing signs of a bearish crossover, hinting at possible downward movement. However, the long-term support at $100 presents a critical level to monitor for a potential trend reversal.
Gold futures have established a strong support level at $1,800, indicating a bullish trend. The RSI is approaching overbought territory, suggesting a potential consolidation phase in the near term.
Overall, while bullish momentum persists in the broader market, it's essential to remain cautious of overextended conditions and key support levels. Technical indicators provide valuable insights, but prudent risk management remains paramount in navigating market fluctuations.
More about Banco De Chile
Banco De Chile, Banco de Chile, provides banking and financial products and services to clients in Chile. The company is headquartered in Santiago, Chile.
Industry: FINANCE, COMMERCIAL BANKS
Sector: NEC
Market Cap: 11858396000
Current Price: 7.9
EPS: 8.08
P/E Ratio: 2.9
Volume: 5702.8
Dividend Yield: 0.485
Market Cap (in currency): 2880381125000
Stock Price Change: 25.07
Change Percentage: -0.027
Change Ratio: -0.007
More about LTC Properties Inc
LTC Properties Inc (LTC) is a real estate investment trust (REIT) that invests in senior housing and healthcare properties primarily through back-lease sales, mortgage financing, joint ventures, and structured finance solutions including preferred equity and mezzanine loans.
Sector: Real Estate & Construction
Industry: Real Estate Investment Trusts
Timestamp: 1563512000
Current Price: $16.27
Price Change: 2.28
Percentage Change: 2.21%
Market Cap: 4.643 billion
EPS: 0.479
Volume: 196,069,000
P/E Ratio: 33.5
Dividend Yield: 2.003%
Beta: 0.024