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Can you please clarify something for me?
Last night my balance was $122.00, today it is $125.00.
So I made a profit, right?
But the coins are still there, I haven't sold them, so to realize that profit of $3 I have to sell them or have I already made a profit?
In summary: should I sell everything and buy back at a lower price or leave it there?
Last night my balance was $122.00, today it is $125.00.
So I made a profit, right?
But the coins are still there, I haven't sold them, so to realize that profit of $3 I have to sell them or have I already made a profit?
In summary: should I sell everything and buy back at a lower price or leave it there?
Legal
Cointelegraph
Jun 7
Bitcoin DeFi platform Alex Protocol loses $8.3M to exploit
Alex Protocol, a Bitcoin decentralized finance (DeFi) platform on the Stacks blockchain, suffered an exploit on June 6, resulting in $8.3 million in digital asset losses.
In an X announcement, Alex Protocol said the breach was caused by a vulnerability in its self-listing verification logic. The attacker used the flaw to drain liquidity from several asset pools.
The Bitcoin DeFi platform said the attackers siphoned about 8.4 million Stacks (STX) tokens, 21.85 Stacks Bitcoin (sBTC), 149,850 in USDC (USDC) and USDt (USDT), and 2.8 Wrapped Bitcoin (WBTC). The incident is one of the largest exploits in the Stacks ecosystem to date.
In response to the incident, Alex Lab Foundation, the organization supporting the protocol, pledged to fully reimburse affected users using its treasury reserves.
Cointelegraph reached out to Alex Protocol through its X account but did not receive a response by the time of publication.
Alex Protocol to reimburse affected users post-exploit
According to Alex Lab, compensation will be issued in USDC tokens. The protocol will base its reimbursement calculations on the average onchain exchange rates between 10:00 am UTC and 2:00 pm UTC on the day of the attack.
Alex Lab said wallets affected by the attack will receive an onchain notification by June 8, including a personalized claim form. Users must submit the completed form with a receiving wallet address by June 10.
The team said it will verify submitted claims and distribute USDC payments within seven days. Users who do not receive a form were urged to contact the team via email.
The team did not reveal the technical mechanisms behind the exploit but is expected to release a post-mortem report.
Alex Protocol hit by another hack in May 2024
This is not the first security incident in which Alex Protocol has lost millions. In May 2024, the DeFi platform suffered an exploit involving its crosschain bridge infrastructure. The incident led to the unauthorized withdrawal of $4.3 million in crypto from the platform.
The DeFi protocol said the May exploit was likely linked to the North Korean cybercrime group Lazarus. The team pointed to three wallets used in the attack and said they worked with blockchain analyst ZachXBT to trace the stolen assets.
Magazine: China to ban owning Bitcoin? Gate.io to pay $30M over liquidations: Asia Express
In an X announcement, Alex Protocol said the breach was caused by a vulnerability in its self-listing verification logic. The attacker used the flaw to drain liquidity from several asset pools.
The Bitcoin DeFi platform said the attackers siphoned about 8.4 million Stacks (STX) tokens, 21.85 Stacks Bitcoin (sBTC), 149,850 in USDC (USDC) and USDt (USDT), and 2.8 Wrapped Bitcoin (WBTC). The incident is one of the largest exploits in the Stacks ecosystem to date.
In response to the incident, Alex Lab Foundation, the organization supporting the protocol, pledged to fully reimburse affected users using its treasury reserves.
Cointelegraph reached out to Alex Protocol through its X account but did not receive a response by the time of publication.
Alex Protocol to reimburse affected users post-exploit
According to Alex Lab, compensation will be issued in USDC tokens. The protocol will base its reimbursement calculations on the average onchain exchange rates between 10:00 am UTC and 2:00 pm UTC on the day of the attack.
Alex Lab said wallets affected by the attack will receive an onchain notification by June 8, including a personalized claim form. Users must submit the completed form with a receiving wallet address by June 10.
The team said it will verify submitted claims and distribute USDC payments within seven days. Users who do not receive a form were urged to contact the team via email.
The team did not reveal the technical mechanisms behind the exploit but is expected to release a post-mortem report.
Alex Protocol hit by another hack in May 2024
This is not the first security incident in which Alex Protocol has lost millions. In May 2024, the DeFi platform suffered an exploit involving its crosschain bridge infrastructure. The incident led to the unauthorized withdrawal of $4.3 million in crypto from the platform.
The DeFi protocol said the May exploit was likely linked to the North Korean cybercrime group Lazarus. The team pointed to three wallets used in the attack and said they worked with blockchain analyst ZachXBT to trace the stolen assets.
Magazine: China to ban owning Bitcoin? Gate.io to pay $30M over liquidations: Asia Express
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I like to see these people demanding a position because cryptocurrency x or y that you “indicated” dropped in price, my brother, you are in a casino market! A market where the president of the world's largest power created a meme Coin, where whales manipulate the market as they please. The logic of these people is, if it went up in price it's not a scam, if it went down in price it's a scam. I hope the whales sweep these people out of the market as soon as possible, because what I teach in this damn channel is exactly how to enter this market doing everything to not serve as liquidity.
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Michael Saylor doesn't think the self-custody of $BTC is important, why is that?
https://youtu.be/ReuEJ7f0TtQ?si=pDqInM9ohQCSEQgG
https://youtu.be/ReuEJ7f0TtQ?si=pDqInM9ohQCSEQgG
See original
Hey guys! There are thousands of cryptocurrencies, so how do you filter through this junk?
- I avoid using marketcap sites that list any old junk. If you use CoinGecko, for example, you'll come across more than 14,000 tokens, instead of CoinMarketCap's 25 million.
- Cryptocurrencies that don't have trading volume don't deserve investment. Give priority to cryptocurrencies with daily volumes of at least $1 million.
- The more centralized exchanges, the better. If the token is only on a few exchanges or only on dex, run away!
- Cryptocurrencies with social, religious, political or sports appeal. Have you ever heard that this subject is not discussed? Yes, in the crypto world, we don't invest money.
- Brazilian cryptocurrencies, none of them have taken off so far
- Very old cryptocurrencies with a drop in ATH (historical high) in each cycle.
- Very new cryptocurrencies recently launched on the market.
- Cryptocurrencies with a very high or infinite supply, if I were to suffer from inflation I would stay in the real.
- Cryptocurrencies without a defined purpose, such as meme coins.
- I avoid using marketcap sites that list any old junk. If you use CoinGecko, for example, you'll come across more than 14,000 tokens, instead of CoinMarketCap's 25 million.
- Cryptocurrencies that don't have trading volume don't deserve investment. Give priority to cryptocurrencies with daily volumes of at least $1 million.
- The more centralized exchanges, the better. If the token is only on a few exchanges or only on dex, run away!
- Cryptocurrencies with social, religious, political or sports appeal. Have you ever heard that this subject is not discussed? Yes, in the crypto world, we don't invest money.
- Brazilian cryptocurrencies, none of them have taken off so far
- Very old cryptocurrencies with a drop in ATH (historical high) in each cycle.
- Very new cryptocurrencies recently launched on the market.
- Cryptocurrencies with a very high or infinite supply, if I were to suffer from inflation I would stay in the real.
- Cryptocurrencies without a defined purpose, such as meme coins.
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SWG comes with a proposal to implement blockchain solutions in transport and infrastructure complexes, and bring the world's first decentralized marketplace with 0% commission.
https://youtu.be/UF7nmmisVRI
🔵SIGN UP FOR PRE-SALE AND AIRDROP
https://account.swg.io/auth/signup?ref=SSHKZ
#SWGT
https://youtu.be/UF7nmmisVRI
🔵SIGN UP FOR PRE-SALE AND AIRDROP
https://account.swg.io/auth/signup?ref=SSHKZ
#SWGT
See original
The idea of differentiating humans from AI on the internet is excellent, but access to this verification should be easier, nowadays we already have digital devices that could help with this, or even some resource via web cam
There are many coins in the supply that will be unlocked with great strength in the following years, and creators and investors have a high % of these 10 billion tokens.
The project makes the same mistake as others related to AI of not having its own network and is at the mercy of a terrible network like eth, the optmism network helps but doesn't solve it, a serious project has to be in control if a problem happens with the blockchain.
There are many coins in the supply that will be unlocked with great strength in the following years, and creators and investors have a high % of these 10 billion tokens.
The project makes the same mistake as others related to AI of not having its own network and is at the mercy of a terrible network like eth, the optmism network helps but doesn't solve it, a serious project has to be in control if a problem happens with the blockchain.
See original
These are some cryptocurrencies that I believe will perform 10x in the next cycle.
Today we will have a special live on Binance live
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Next week, the U.S. House of Representatives will hold votes on three major crypto-related bills as part of “Crypto Week” (July 14–18):
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