Social Tokens Crash After a Reported Hack at Roll Wallet
A number of social tokens, or cryptocurrencies supporting online communities, tanked early Sunday after a reported security breach at Roll.
Tokens like WHALE, RARE and PICA tanked more than 50% during the early European hours, according to data provider CoinGecko. Meanwhile, the RLY token of competing social money platform Rally spiked to all-time highs.
The founder of WHALE, a social coin underpinned by a basket of non-fungible tokens (NFTs), confirmed the hack on Twitter, stating that 2.17% of the coin’s supply has been compromised and the rest is secure in the cold storage.
Roll facilitates the sending and receiving of social money from Ethereum blockchain and within the Roll network.
According to MyCrypto.com, the malicious entity that executed the Roll hack is now sending 100s of ether (ETH, -2.51%) to Tornado Cash, an Ethereum-based privacy tool used by hackers to cover tracks and withdrawn funds.
Recommended News
-
Panda Miner desenvolve ainda mais o Cloud Hashpower com a sua Maior Mina de Criptocracia no Cazaquistão Oficialmente Colocada em Operação
O mercado de touro de moeda criptográfica trazido pela Bitcoin é ainda forte, que está cheio de fundos, investidores, e vários projectos. No entanto, existe apenas uma escassez de pessoas que trabalham arduamente para o desenvolvimento. A Panda Miner é exactamente um dos poucos intervenientes pragmáticos no mercado de touros. Ao contrário dos impetuosos participantes no mercado secundário, a Panda Miner opta por se desenvolver mais no campo do “cloud hashpower” em que é melhor. Aproveitando a tendência mineira, aumenta continuamente o investimento para conquistar o mercado, expandir os negócios,…
-
Former US Senator Joins Binance as Policy Adviser and Government Liaison
Cryptocurrency exchange Binance has hired former U.S. senator and ambassador to China Maxwell Baucus as a government relations adviser. The exchange announced Thursday in a press release it had hired the long-term government official to provide guidance and advice to the firm and work with U.S. regulators. The move could signal a shift in Binance’s approach to the U.S. market, which it currently doesn’t serve directly. Baucus was an ambassador to China under former President Barack Obama between 2014 and 2017. Prior to that, he served in the U.S. Senate and…
-
Duke University’s Early Coinbase Investment Could Now Be Worth $500M: Sources
The endowment fund of Duke University, the alma mater of Coinbase co-founder Fred Ehrsam, was one of the fortunate few to have made an early investment in the soon-to-list cryptocurrency exchange, CoinDesk has learned. Two people familiar with the matter said the $3.9 billion Duke Endowment was included early on in the cap table of Coinbase, which is expected to command a price tag of around $100 billion when its shares debut on Nasdaq. Those shares are now worth a small fortune, on the order of nine figures, the sources…
-
US Inflation Rate Accelerates in February, Could Go Higher as Economy Reheats
The U.S. Consumer Price Index (CPI) rose 0.4% in February, leaving it up 1.7% over the last 12 months, in line with economists’ expectations, a Labor Department report Wednesday showed. The 12-month rate represents an acceleration from January’s 1.4% clip, a pickup partly driven by higher gasoline prices, which rose 6.9% in February, accounting for over half of the seasonally adjusted increase in the all-items index, according to the Labor Department’s Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose 0.1% in February, the report showed. That level was…
-
Hayek’s public chain
Hayek’s public chains are open-source public chains independently developed Hayek team based on the blockchain technology. To salute the Nobel Economics Prize winner Hayek, it is named Hayek. Hayek’s public chains apply the unique blockchain data structure and virtual machine design, apply the on-chain upgrading system and off-chain channel technology to realize expandability, high efficiency, usability, and interoperability of Hayek’s public chains, maximize protection of community completeness, solve the impossible trinity problem of the blockchain, and turn into the global top-notch public chains covering different fields including DeFi, payment,…
-
HOKK Cup – LBank Arena of Valor Competition
[Arena of Valor] The glorious horn blares in this hot July, waiting for the brave warriors to answer its call! No battle, no youth! Hosted by LBank and title sponsored by Hokkaidu Inu (HOKK Finance), the first HOKK Cup – LBank Arena of Valor Competition is about to start fighting with warmly sponsorship supporting from DeFi STOA, Gorilla Diamond, Kaka NFT World，DFG，CDI，Basics Capital and LBank loud. This highly anticipated competition has also attracted lots of strategic media partners like Golden Finance, ChainNews, ODaily Vernacular Blockchain, Deep Chain Finance, Chain to Finance, and Ostrich Blockchain, etc. In this hot July,…
-
Bitcoin Gains Ahead of $6B Options Expiry After Market Finds $50K Floor
Bitcoin rose for the first time in three days as traders looked past Friday’s record $6 billion expiration of option contracts to a stronger market next week as April begins. “Returns after prior bitcoin options expiration dates have tended to be positive,” David Grider, strategist at Fundstrat, told clients in an email. “The market is calm based on bitcoin VIX [a volatility index] falling, with room to fall further.” BTC was changing hands at roughly $52,700 as of 12:03 UTC (8:04 a.m. ET), up 2.9% on the day. An oversold signal on Thursday…
-
Digital currency mining is an inevitable trend in the next five years, CoinFans Mining analysis, mining is getting easier and easier
In 2021 marks the first year of institutionalized mining, which brings both benefits and challenges. CoinFans Mining’s analysis shows that the institutionalization of digital currency mining is an inevitable trend in the next five years, mining will become easier and easier, and everyone will be able to mine, and the mining industry will become an industry. Few investments offer the upside with venture capital-style upside and the downside with infrastructure-style downside case. Combining energy arbitrage with hoarding bitcoin onto a company’s balance sheet can make this happen. Which is why…
-
Will islandswap lead the future of gamefi on OEC?
With the rise of the metaverse concept, GameFi has become the most popular topic in the crypto circle. With more and more players and a continuous influx of capital, each token in blockchain games is also rising and constantly breaking the highest record. A large number of mainstream public chains, including OEC and Solana, have emerged in the market, providing more choices and a better environment for blockchain games. At present, several good GameFi&metaverse blockchain games have been planned to be on OEC, from Crypto Gladiator to Celestial, and then to…
-
Lingose: Empowering Wed3’s GameFi Players
With the awakening of self-awareness of a new generation of netizens, people begin to realize the value of their actions, and when these lines are recorded and accumulated enough, big data is formed. At present, major companies use big data to make countless profits, but the contributors of the data themselves have nothing to gain. When people really realize this, then web3 will be one step away from us. The most notable feature of Web3 is that the ownership and control of the digital content created by the user belong…
