Gnosis Pay Delay Module Hacked, Users Urged to Withdraw EURe and GNO
- Hack Warning Issued: On June 1, Gnosis co-founder Martin Köppelmann warned users of a hack linked to the platform's delay module, prompting an emergency response; while the company assured it would cover all user losses, the incident significantly undermines user confidence in the platform.
- Emergency Withdrawal Guidance: Users were urged to withdraw EURe and GNO while the issue was contained, with Gnosis Pay providing a direct withdrawal path that allows users to move assets from a Safe through a two-step process after a delay, ensuring funds can still be safely transferred even if account access becomes unreliable.
- Module Security Risks: The incident highlights a security vulnerability in Gnosis Pay's delay module, where attackers could initiate transactions from users' Safes, raising concerns not only about user experience but also about broader security implications in the DeFi space, where module-level execution failures can mimic wallet drains.
- Need for Follow-Up Updates: Gnosis must quickly provide updates on the number of affected users, the total losses incurred, and whether the vulnerable delay module has been fully neutralized, allowing users to take appropriate actions to secure their assets and prevent further losses.
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Technical Analysis for SAFE
Technical Sentiment Analysis for Safe (SAFE). As of , Safe (SAFE) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 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 | 0.0739 | 0.0806 | 0.0868 | 0.0935 | 0.0997 | 0.106 | 0.113 |
| Fibonacci | 0.0806 | 0.0855 | 0.0885 | 0.0935 | 0.0984 | 0.101 | 0.106 |
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