Bugs in Gains Network fork let traders profit 900% on every trade: Report
- Security Flaws in Gains Network Forks: Two bugs in a fork of the Gains Network leveraged trading protocol allowed traders to profit 900% on every trade, regardless of token price.
- Vulnerabilities Identified: Zellic discovered and reported the vulnerabilities to developers of Gains forks Gambit Trade, Holdstation Exchange, and Krav Trade to address the issues.
- Exploits in Trading Orders: The bugs allowed users to manipulate stop-loss and take-profit prices, resulting in automatic profits on buy and sell orders.
- Prevention Measures: The protocol had checks to prevent exploits, but Zellic found ways to bypass these checks, leading to potential draining of funds from the protocol.
- Communication and Patching: Zellic informed affected parties about the security flaws, and the Gains Network claims to have patched the vulnerabilities in the current version.
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Technical Analysis for GMT
Technical Sentiment Analysis for GMT (GMT) As of , GMT (GMT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GMT 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 stock.
Support, Resistance & Moving Averages From a structural perspective, GMT 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 $-.
GMT (GMT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00617 | 0.00824 | 0.0106 | 0.0127 | 0.0151 | 0.0172 | 0.0195 |
| Fibonacci | 0.00824 | 0.00995 | 0.011 | 0.0127 | 0.0144 | 0.0155 | 0.0172 |
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