The wallet private key leakage incident of MetaBit Capital has attracted widespread attention in the market.

1. MetaBit Capital issued an announcement confirming that the wallet private key used for subsequent withdrawals by IFCT users has been leaked. Due to the leakage of the private key, about 750,000 MBT (MetaBit Token) were thrown into the market, which is a huge amount and directly affected the market supply of MBT.

2. Due to the sudden influx of a large number of MBT into the market, the price of MBT has experienced a huge drop. This downward trend directly reflects the impact of increased market supply on prices. Market sentiment has been severely affected, and investors' confidence in MBT has been hit, further exacerbating the price drop.

3. MetaBit Capital stated that it will introduce corresponding remedial measures and compensation plans in the near future to reduce investor losses and restore market confidence. At the same time, the MetaBit Foundation will also introduce corresponding measures to push the MBT price back to normal as soon as possible. These measures may include repurchasing MBT and stabilizing market sentiment.

The wallet private key is a core component of the cryptocurrency wallet, which is used to control and manage digital assets. Once the private key is leaked or stolen, it will lead to asset theft and serious economic losses. The security of private keys is crucial for cryptocurrency investors. Therefore, investors should keep their private keys properly to avoid leakage and theft.