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🚨Crypto news alert!🚨 Sam Kazemian, founder of Frax Finance, has pointed the finger at an inside job for the recent hack of the project's official account. The breach occurred on June 1, leaving the decentralized stablecoin protocol FRAX USD in the lurch. 😱 In a Telegram post, Kazemian claimed that the Frax Finance team is "reasonably sure" they've identified the culprit, a "serial scammer" known to blockchain investigator ZachXBT. "This was an inside job," Kazemian stressed, adding that the breach was not due to any security flaws or phishing attacks. 🕵️‍♂️ The drama unfolded when the Frax Finance account was compromised. Kazemian urgently reached out to his followers, seeking assistance to contact the platform's customer service. However, he claimed that the passwords were not tampered with and there were no internal security issues within Frax Finance that could have led to the breach. Instead, he pointed to potential social engineering and insider involvement. 😲 As of now, the account remains active but no new posts have been visible since the hack. Neither the platform nor its CEO, Elon Musk, has made any official comments addressing the breach. 🤐 This incident is the latest in a series of hacks targeting crypto projects, allegedly attributed to insider actions. In late May, a crypto trader reported a similar compromise of his account, suggesting that the attackers took control of his account through bribery and used it to promote a pump-and-dump scheme. 📉 Stay tuned for more updates on this developing story! 📰👀

🚨Crypto news alert!🚨 Sam Kazemian, founder of Frax Finance, has pointed the finger at an inside job for the recent hack of the project's official account. The breach occurred on June 1, leaving the decentralized stablecoin protocol FRAX USD in the lurch. 😱

In a Telegram post, Kazemian claimed that the Frax Finance team is "reasonably sure" they've identified the culprit, a "serial scammer" known to blockchain investigator ZachXBT. "This was an inside job," Kazemian stressed, adding that the breach was not due to any security flaws or phishing attacks. 🕵️‍♂️

The drama unfolded when the Frax Finance account was compromised. Kazemian urgently reached out to his followers, seeking assistance to contact the platform's customer service. However, he claimed that the passwords were not tampered with and there were no internal security issues within Frax Finance that could have led to the breach. Instead, he pointed to potential social engineering and insider involvement. 😲

As of now, the account remains active but no new posts have been visible since the hack. Neither the platform nor its CEO, Elon Musk, has made any official comments addressing the breach. 🤐

This incident is the latest in a series of hacks targeting crypto projects, allegedly attributed to insider actions. In late May, a crypto trader reported a similar compromise of his account, suggesting that the attackers took control of his account through bribery and used it to promote a pump-and-dump scheme. 📉

Stay tuned for more updates on this developing story! 📰👀

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🚀Hey BTC enthusiasts!🚀 Bitcoin's price is currently correcting, failing to make a new all-time high. But don't fret! The bull market might still be far from over.🐂 📉On the daily chart, BTC couldn't hold above the $66K level, indicating a fake breakout from a large descending channel. The RSI has also dropped below 50%, signaling bearish momentum. A decline toward the $60K support zone seems probable.😕 🔍But wait, there's more! The 4-hour chart paints a slightly brighter picture. BTC has been consolidating inside a horizontal channel. Despite a recent dip below the channel, it bounced back quickly.🔙 📈If BTC climbs back inside the channel, it could test the higher boundary around the $72K mark. But if the channel breaks down, a drop toward the $60K level could be imminent. So, keep your eyes peeled!👀 🤔Will the Bitcoin correction end soon? Is $60K possible? Only time will tell. Stay tuned for more updates!🔮
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📢Hey there, Bitcoin enthusiasts! 🚀 Let's talk about Ethereum for a moment. It's been struggling to break the $4,000 barrier, but don't lose hope just yet! 🤞 The daily chart shows a decrease over the past two weeks, with ETH/USDT being rejected from the $4,000 resistance level. But, the $3,500 level is acting as a safety net, preventing further drops. 📉 A bearish breakout could see a decline toward $3,000, but a drop lower could mean a shift in the overall trend. So, keep your eyes peeled! 👀 On the 4-hour chart, there's a glimmer of hope! 🌟 The price is starting to rebound from the $3,500 support zone, forming a falling wedge pattern and breaking above it - a classic bullish reversal sign. 📈 If the market can surpass the recent high around $3,650, a rally back to the $4,000 resistance zone could be on the cards. The RSI is also climbing back above 50%, making a bullish scenario more likely. So, hold onto your hats, folks! It's going to be a thrilling ride! 🎢 Remember, in the world of crypto, anything can happen. Stay tuned for more updates! 🚀🌕
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🚀🎉Hey there, Bitcoin enthusiasts! Let's dive into the crypto world and see what's happening. Ethereum (ETH) took a bit of a tumble this week, closing with a 4.4% loss. But don't fret! This could just be a normal retest after the ETF confirmation. As long as the price stays above $3,500, we're still in the game! 📈 Ripple (XRP), on the other hand, is having a tougher time. After being rejected by the 54 cents resistance, it's been on a downward trend. But keep your eyes on the prize, XRP could bounce back at the 43 cents key support. 🎯 Cardano (ADA) has had a rollercoaster of a year, peaking at 80 cents before entering a sustained downtrend. But there's hope! The key support at 37 cents could put an end to this slide. 🙏 Dogecoin (DOGE) also had a rough week, with a 7.4% loss. But the DOGE community is resilient, and the key support at 13.5 cents could be the lifeline it needs. 🐕 Lastly, Polkadot (DOT) mirrors XRP's struggle, failing to break the key resistance at $7.6. It's in a bearish trend, but with the right push, it could turn around. 🔄 Remember, the crypto market is a wild ride, but as long as we're in it together, we can weather any storm! Keep hodling, BTC fans! 🚀🎉
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📣Hey there, Bitcoin enthusiasts! 🚀 Here's some news that might pique your interest. Grayscale's GBTC, once the world's largest exchange-traded fund tracking Bitcoin's performance, has been dethroned! 😲 In a surprising turn of events, Fidelity's FBTC has taken the lead in outflows, marking the first time ever another ETF has outpaced GBTC in this regard. Data from FarSide reveals a week of significant outflows from the 11 Bitcoin ETFs, with a whopping total of over $550 million withdrawn. 😱 Interestingly, GBTC, which has seen more than $18 billion in outflows since its conversion, was not the top dog for two days - Thursday and Friday. Instead, Fidelity's FBTC saw a massive outflow of $106.4 million and $80.1 million on those days, respectively. 📉 As you might expect, this massive outflow has impacted Bitcoin's price movements. After a mid-week recovery where it challenged the $70,000 mark, Bitcoin was pushed down to $66,000 on Friday evening, its lowest price position in a month. 😔 Before this, the ETFs had a month-long streak of consecutive inflows, pushing Bitcoin's price from around $60,000 to about $72,000. So, let's keep our eyes peeled and see how this new trend affects our beloved Bitcoin! 👀📊
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🎉🚀 Bitcoin may have hit a speed bump on its journey to the moon, but brokerage firm Bernstein is still all in! Despite BTC struggling to rise above its recent all-time high of $73,000, Bernstein is upping the ante, predicting a whopping $200,000 by 2025! 🚀🎉 Bernstein's optimism is fueled by the expected growth of approved and regulated spot Bitcoin ETFs. They foresee heavyweights like BlackRock, Franklin Templeton, and Fidelity continuing to see massive inflows over the next few years. 📈💰 By 2025, Bernstein estimates these investment vehicles could hold around $190 billion in assets, a significant leap from the current $60 billion. They believe the launch of these funds will be a key event, driving traditional institutional capital into the crypto markets. 🌐💼 Bernstein also suggests that Bitcoin has entered a new bull market cycle, driven by the recent halving event. They expect new catalysts to emerge, driving demand for the asset. 🐂📊 But wait, there's more! After hitting $200,000 by 2025, Bernstein predicts BTC could reach a staggering $1 million by 2033! 😲💸 Institutional funds have been pouring into Bitcoin this year, with MicroStrategy leading the charge. The firm now holds a whopping 1.1% of Bitcoin’s total global supply. If it continues to accumulate BTC, Bernstein predicts that by 2025, the company’s holdings could represent 1.5% of Bitcoin’s total circulating supply. 🏦🔝 So, buckle up, Bitcoin enthusiasts! The ride may be bumpy, but the destination looks promising! 🚀🌕
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