Blockaid Flags Smart Contract Exploit Draining $132,700 from ShapeShift
- Incident Overview: Blockaid reported that ShapeShift's FOX Colony on Arbitrum suffered a smart contract exploit, draining approximately $132,700, as the attacker exploited the executeMetaTransaction function to redirect funds to a malicious contract.
- Escalating Losses: Shortly after the initial attack, a second related exploit drained an additional $50,000, bringing total losses to around $182,700, highlighting the severity of the vulnerability and its threat to the DeFi ecosystem.
- Security Warning Issued: Blockaid warned that all Colony Network deployments exposing executeMetaTransaction on top of EtherRouter may face the same attack risk, underscoring the challenges of DeFi security.
- Historical Context: This incident occurs against a backdrop of severe DeFi security issues, with Blockaid previously flagging multiple significant exploits, including a $5 million attack on Wasabi Protocol and a $6.7 million exploit on TrustedVolumes, emphasizing the ongoing security vulnerabilities in the DeFi space.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000662 | 0.00000918 | 0.0000117 | 0.0000142 | 0.0000167 | 0.0000193 | 0.0000217 |
| Fibonacci | 0.00000918 | 0.0000111 | 0.0000123 | 0.0000142 | 0.0000161 | 0.0000173 | 0.0000193 |
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