Espresso Co-Founder Reveals $30,000 Cryptocurrency Theft Due to ThirdWeb Contract Flaw
Incident Overview: Jill Gunter, co-founder of Espresso, reported the theft of over $30,000 in USDC from her crypto wallet due to a vulnerability in a legacy Thirdweb contract that allowed unlimited token approvals.
Details of the Theft: The funds were drained on December 9 and routed through the privacy protocol Railgun, while Gunter was preparing for a presentation on cryptocurrency privacy.
Vulnerability Background: Thirdweb acknowledged the vulnerability in the bridge contract, which had not been properly decommissioned after being discovered in April 2023, leading to the theft.
Community Response: Gunter expressed uncertainty about reimbursement and plans to donate any recovered funds to the SEAL Security Alliance, while Thirdweb faced criticism for its disclosure approach regarding the vulnerabilities.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI 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, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00933 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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