In today’s digital financial sector, a shocking incident has once again shocked people’s vision. Another well-known cryptocurrency platform, Dexx, was ruthlessly attacked by hackers. What is jaw-dropping is that precious digital assets worth millions of dollars disappeared in this catastrophe.
The detailed report released by the Mist tracking platform pointed out that the stolen funds were cleverly distributed among many different addresses that were firmly controlled by the hackers, as if they were carefully planned. This situation made it extremely difficult to track and recover the funds, as if they were trapped in an intricate maze.
After receiving this bad news, users were urgently told that they must decisively abandon potential dangers and transfer their personal assets to safe and reliable wallets as soon as possible, as a stern warning to the entire network security situation.
However, up to now, the specific method of this catastrophic invasion is still shrouded in mystery. Despite in-depth investigations and analysis by all parties, the ins and outs of the matter are still not fully understood. However, according to speculation and research from many parties, it is believed that this invasion is most likely due to the database being attacked fiercely by hackers, resulting in the defense line being breached in one fell swoop. However, another worrying possibility cannot be ruled out, that is, theft by internal personnel, or perhaps someone misappropriated a huge amount of cash for personal gain.
From a historical perspective, this is not the first time that the cryptocurrency sector has encountered such a crisis. Similar events in the past have made people realize that this emerging field, while bringing huge opportunities, is also accompanied by risks that cannot be ignored. At the social level, such events have triggered widespread public concerns about the security of digital assets, and have also prompted relevant regulatory authorities to step up efforts to improve regulations to protect the legitimate rights and interests of investors. From a cultural perspective, it reflects the relatively weak awareness of risk prevention when pursuing innovative and efficient financial models.
In short, this Dexx platform intrusion incident not only caused huge losses to users, but also sounded the alarm for the entire cryptocurrency industry, prompting all parties to pay more attention to network security and strengthen preventive measures to avoid similar tragedies from happening again.
Is this the end of the 100,000 Bitcoin price?
Bitcoin plummeted in the short term, and the 100,000 mark became the focus of attention. Is this the end of the bull market?
After experiencing a sharp rise, the market has fallen into a stalemate, and seems to have fallen into the embarrassing situation where all the good news has been exhausted. Whether it can break through the 100,000 mark has become the core focus of the market!
The counterfeit coins have been making efforts one after another, showing a state of blooming. The day before yesterday, the squirrel coin PUNT made a strong effort and was listed on the Korean exchange, with a single-day increase of more than 300%, which once again fulfilled the dream of a group of people to get rich. Recently, there have been many stories of crossing classes in the currency circle, and several of them came from our community, which was very lively.
According to the information I have collected so far, including the movements of some institutions, retail investors hold very few coins, and most of them have already sold them. In addition, few retail investors buy or hold a large amount of coins at this price. This may be because they have lost confidence in the market, or because they can no longer bear the market fluctuations.
Looking back, whenever the market is full of good news, the outcome is often contrary to expectations, and the market will experience a sharp decline. Just like when the last bear market started, there was almost no negative news in the market, presenting a false prosperity, but the bubble burst at the first touch. Such phenomena are common in the long river of history, and every time the market bubble bursts, it brings extremely heavy losses to investors.
At the same time, the bullish sentiment in the futures and options markets is intense, and the funding rates are abnormal. Even at such a high level, the rates are still positive. If the data is correct, many people will face liquidation. This time, not only the options and futures markets, but also a large number of loans will face liquidation. Everyone still remembers the last large-scale liquidation, when many big investors had to sell assets to pay off their debts. It was a huge shock in the financial market, and many investors suffered heavy losses.
SHIB and PEPE are both breaking through! ACT and PNUT have increased by dozens of times!
Benefiting from Musk's call, the market value of Dogecoin exceeded 60 billion US dollars, driving the meme sector to another climax. Shib exceeded 15 billion US dollars, Pepe also exceeded 10 billion US dollars, and other second-tier meme coins also easily reached a market value of 1 billion US dollars.
ACT and PNUTS launched on Binance increased by dozens of times in just a few days, and their market value even exceeded 2 billion US dollars.
Recently, the FOMO sentiment in the market has been extremely high, especially in the Meme sector. Coins such as Pepe, Doge, Floki, Wif, Act, Punt, etc. have sucked away a lot of liquidity in the market.
Many long-running projects are far inferior to a newly launched Meme coin. This is the general trend. After all, there are too many projects at present, and they are full of traps and sickles.
However, Meme exists in a completely different way, driven entirely by FOMO emotions, with its popularity continuing to rise and liquidity constantly pouring in. Although there are many wild dealers during this period, the main driving force is still the accumulation of retail investors!
