A widely followed cryptocurrency analyst and trader is saying that Bitcoin’s (BTC) technicals are suddenly looking bullish. The analyst pseudonymously known as Rekt Capital tells his 500,300 followers on the social media platform X that Bitcoin appears to be setting up for bigger moves to the upside. “Bitcoin is performing all the right technical steps […]
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Pseudonymous analyst Rekt Capital says that one benchmark indicator is signaling that Bitcoin (BTC) is currently undervalued, with more upside to be captured. In a new video update, the analyst takes a look at the Pi Cycle top indicator, which has been used on Bitcoin for nearly a decade. The Pi Cycle top indicator uses […]
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A widely followed crypto analyst says that if Bitcoin (BTC) convincingly breaks above a key level the king crypto would likely eliminate the risk of a macro bearish reversal. Pseudonymous crypto trader Rekt Capital tells his 361,000 followers on the social media platform X that BTC needs to remain above $31,000 to invalidate a bearish […]
The post Bearish Thesis for Bitcoin Nearly Invalidated As BTC Breaks $31,000, Says Crypto Analyst – Here’s Why appeared first on The Daily Hodl.
The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023.
Crypto exploits, exit scams, and flash loan attacks saw little signs of letting up in April, with more than $103 million of funds stolen from crypto projects and investors in the month.
On April 30, crypto security and auditing firm CertiK posted an April roundup of crypto exploits, scams, and hacks, revealing total funds lost in April was $103.7 million, bringing the year-to-date total loss to $429.7 million.
The month was particularly marred with major crypto exploits, such as $25.4 million lost due to an exploit of several MEV trading bots on April 3, $22 million stolen in a hot wallet exploit at the Bitrue exchange and the hack of South Korean GDAC exchange leading to a loss of $13 million.
The total lost to crypto and DeFi exploits in the month amounted to $74.5 million, making up around half of the total $145 million exploited in the first four months of the year, according to CertiK.
The month also saw around $20 million lost to flash loan attacks, led mainly by Yearn Finance after a hacker exploited an old smart contract on April 13.
The blockchain security firm noted that total funds lost to exit scams reached $9.4 million in the month, with the top exit scam for the month being Merlin DEX which lost $2.7 million. On April 26, CertiK reported that it was investigating a “potential private key management issue” at the exchange.
Furthermore, the exit scam occurred after the protocol was audited by CertiK which warned about centralization issues. CertiK launched a compensation plan following the attack in which it urged the rogue developer to return 80% of the stolen funds with a 20% white hat bounty offered.
Related: One crypto wallet launched 114 dodgy memecoins in two months
According to De.Fi’s Rekt Database, there were over 50 crypto exploits, scams, hacks, and rug pulls in April. Moreover, a large portion of them was memecoin rug pulls.
The most recent was the Polygon-based Ovix protocol which lost $2 million in a flash loan attack on April 28.
Magazine: US enforcement agencies are turning up the heat on crypto-related crime
A closely followed crypto strategist known for making long-term assessments on Bitcoin (BTC) believes that the king crypto has entered bull territory. Pseudonymous analyst Rekt tells his 341,800 Twitter followers that Bitcoin has concluded its 16-month long bear market after ending March on a high note. According to the crypto strategist, Bitcoin has managed to […]
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A closely followed crypto analyst says major technical signals are pointing towards a big breakout for Bitcoin (BTC). Pseudonymous analyst Rekt tells his 340,000 Twitter followers that BTC’s monthly candle has broken through a major resistance. According to Rekt, Bitcoin’s recent breakout looks similar to other moves in the past that historically preceded longer-term rallies. […]
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On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on […]
Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart Chain Dapps – $167 […]