Cyber Attack on Aztec Network Results in Over $2 Million Loss
- Attack Overview: Aztec Network's private Rollup bridge protocol was targeted in a cyberattack, resulting in over $2.16 million in stolen digital assets, highlighting severe security risks faced by decentralized finance platforms.
- Details of Stolen Assets: The breach involved the theft of approximately 1,158 ETH, 150,000 DAI, and 0.47 renBTC, with total losses exceeding $2 million at current market values, underscoring the significant impact on the platform.
- Attack Methodology: The attacker funded their wallet with just 0.134 ETH through the HitBTC exchange, indicating a meticulously planned attack strategy, which is often scrutinized by researchers aiming to trace the origins of such breaches.
- Increased Security Concerns: This incident has heightened concerns regarding the safety of Rollup bridges, straining community trust in decentralized finance platforms, with experts warning that ongoing security breaches could permanently undermine user confidence.
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Technical Analysis for SAFE
Technical Sentiment Analysis for Safe (SAFE). As of , Safe (SAFE) 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 SAFE 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, SAFE 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 $-.
Safe (SAFE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0571 | 0.0685 | 0.0774 | 0.0888 | 0.0977 | 0.109 | 0.118 |
| Fibonacci | 0.0685 | 0.0763 | 0.0811 | 0.0888 | 0.0966 | 0.101 | 0.109 |
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