Aethir Successfully Contained Bridge Attack with Minimal Losses
- Attack Detection and Response: Aethir confirmed a malicious attack on its ATH bridge contracts but successfully contained the exploit by promptly disconnecting compromised contracts, ensuring the main ATH supply on Ethereum remains intact, demonstrating robust security response capabilities.
- User Loss Control: The attack resulted in user losses of under $90,000, with Aethir committing to announce a comprehensive compensation plan next week, reflecting its accountability to users and commitment to community support.
- Collaborative Efforts to Trace Attackers: Aethir is working with authorities and partner exchanges to trace the attackers and freeze associated funds, crediting platforms like Binance and Upbit for quickly blacklisting identified wallets, which helped limit the damage and showcasing industry collaboration.
- Escalating Security Concerns: According to PeckShield, total losses from recent crypto security breaches have approached $52 million, highlighting the rising trend of “shadow contagion,” with Aethir's incident underscoring the interconnected risks and impacts among DeFi platforms.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 2 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0548 | 0.0576 | 0.0602 | 0.0629 | 0.0655 | 0.0683 | 0.0708 |
| Fibonacci | 0.0576 | 0.0597 | 0.0609 | 0.0629 | 0.065 | 0.0662 | 0.0683 |
About MAJOR
About the author
