Avalanche swiftly resolved a Discord breach, highlighting the growing cybersecurity threats within the crypto community.
Despite a Discord hack, AVAX shows resilience, breaking out of a descending triangle and rallying on strong buying interest.
ZkSync and Polygon also faced Discord hacks, with users warned to avoid suspicious links amid rising crypto security threats.
Avalanche's official Discord server faced a severe security breach, sparking concern among its community. Hackers compromised the server, prompting warnings from the Avalanche team. Users were advised to avoid interacting with accounts or clicking on any links.
https://twitter.com/avax/status/1827758804471288125 Swift Response to Discord Breach
However, Avalanche’s team acted swiftly, regaining control and re-securing the server. The Community Lead, Ben Well, assured users that the issue was resolved. The team is now focused on restoring normal operations, with efforts underway to recover deleted channels and roles.
Besides Avalanche, other notable networks have also faced similar attacks. ZkSync’s Discord server was compromised shortly after Avalanche’s breach. Hackers shared links to a fake “round 2 airdrop” scheme, aiming to deceive users into participating.
Following a breach of Polygon's Discord, a member allegedly lost $150,000 worth of Ethereum, leading to this round of attacks. Chief information security officer at Polygon, Mudit Gupta, verified the breach and advised customers to stay away from dubious websites until the issue was fixed.
https://twitter.com/Mudit__Gupta/status/1827235421979603352 AVAX Shows Resilience Amid Market Uncertainty
On the market front, Avalanche (AVAX) is showing positive momentum despite these security challenges. The AVAX/USDT pair on Binance's 4-hour chart reveals a breakout from a descending triangle pattern.
The price initially moved upwards, supported by strong buying interest. Additionally, Fibonacci retracement levels suggest key areas of support and resistance. The most recent advance was supported by the 0.5 retracement level, or about $25.58.
In addition, the 50-period Exponential Moving Average (EMA) suggests a dynamic level of support. At $26.48, the price is in a consolidation phase slightly above this mark. A possible upward advance is indicated by this consolidation phase, particularly if the price can stay above the 50 EMA. In the event that the price drops below this level, a retracement or trend reversal can take place.
Strong purchasing interest is shown by the higher volume during the breakout, which adds credence to the optimistic assessment. As a result, a move toward the $27.33 resistance level or higher appears plausible if AVAX maintains its current level of support.
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