Hackers Steal Over $300 Million of Crypto in August

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 01 2024

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Cryptocurrency Theft Overview: In August, hackers stole $313.86 million in digital assets through over 10 cyberattacks, primarily using phishing methods which accounted for 93.5% of the stolen funds. Notable incidents included significant losses from Bitcoin and Dai thefts, as well as exploits on the Ronin Network and Nexera.
Security Response and Impact: The ongoing risk in the crypto sector is highlighted by a report indicating $1.21 billion lost to hacks this year, prompting the formation of an elite unit called SEAL to address security issues. Additionally, nearly 80% of cryptocurrencies do not recover their value post-hack, leading to long-term damage beyond immediate financial losses.

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Technical Analysis for NXRA

Technical Sentiment Analysis for Nexera (NXRA) As of , Nexera (NXRA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for NXRA 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, NXRA 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 $-.

Nexera (NXRA) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-0.00185	0.000109	0.00145	0.00341	0.00475	0.00671	0.00805
Fibonacci	0.000109	0.00137	0.00215	0.00341	0.00467	0.00545	0.00671

About NXRA

‍Nexera’s powerful omnichain technology is built on principles of standardization and interoperability through the ERC-7208, streamlining the digitization of RWAs and opening access to trillions in liquid, transferable tokenized assets. ‍ Nexera enables builders and businesses to easily enter regulated markets and integrate their existing systems, facilitating smoother transitions and driving the broader adoption and expansion of RWAs. With products registered as a Virtual Asset Service Provider (VASP) and memberships in key regulatory organizations like the Qatar Financial Centre Authority (QFCA) Regulatory Sandbox, Nexera leads innovation in regulatory compliance. ‍ Nexera also strengthens its community and the broader ecosystem by enhancing the utility of the $NXRA token. Its commitment to governance, open-source development, and community-driven innovation fosters collaboration and growth across the network and beyond.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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