Web3 Security Incidents Have Caused at Least About $24 Million in Losses in the Past Week

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Today’s Cryptocurrency Headline

According to security firm SlowMist’s monitoring, the Web3 ecosystem suffered losses of approximately $23.8 million in the past week due to malicious activities. These security incidents include Atlantis Loans ($1 million loss due to governance attack), Ben Armstrong (no reported losses but Twitter account compromised), TrustTheTrident ($95,000 loss due to contract vulnerability), FPG ($20 million loss due to security vulnerability), Sturdy ($770,000 loss due to price manipulation), Pawnfi ($630,000 attacker profit with unknown attack method), Move VM (no reported losses but Stack Overflow vulnerability), Hashflow ($600,000 loss due to authorization attack), DEP/USDT and LEV/USDC ($105,800 loss with unknown attack method), and Midas Capital ($600,000 loss due to contract vulnerability). The total reported losses amount to $23,795,800.

BingX’s Bitcoin Chart

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Bitcoin has been consolidating within a range, with a recent high touching $26,600 before experiencing downward pressure. The overall trend has seen BTC fluctuating within this range. On the 4-hour chart, the Bollinger Bands are expanding upwards, with the price action hovering around the middle to upper band. The bullish momentum has decreased, as indicated by the shrinking energy of the bullish candles and the bearish crossover in the KDJ indicator. In the short term, there is a demand for a bearish retracement, and the focus should be on the critical support level at $26,000 during the day.

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