Hyperbridge Exploit Losses Estimated at $2.5 Million
- Loss Estimate Revision: Hyperbridge has raised its exploit loss estimate to approximately $2.5 million after a comprehensive review across four chains, revealing that the damage was significantly greater than the initial report of nearly $237,000, indicating the extensive impact of the attack.
- Attack Details Unveiled: The attacker extracted around 245 ETH from the Token Gateway before minting about 1 billion unauthorized bridged DOT tokens, which were sold into decentralized exchange liquidity, exacerbating losses across supported chains and highlighting vulnerabilities in cross-chain security.
- Polkadot Impact Confirmation: Polkadot confirmed that only DOT bridged through Hyperbridge to Ethereum was affected, while native DOT remained secure, indicating that the broader ecosystem was not directly impacted, thus emphasizing the risks associated with bridged assets.
- Recovery Measures and Audit: Hyperbridge has paused all Token Gateway operations and is collaborating with Binance and law enforcement for fund recovery, planning to complete an independent audit and implement additional safeguards before resuming operations, demonstrating a commitment to user asset security.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00197 | 0.00216 | 0.00232 | 0.00251 | 0.00268 | 0.00287 | 0.00303 |
| Fibonacci | 0.00216 | 0.00229 | 0.00238 | 0.00251 | 0.00265 | 0.00273 | 0.00287 |
About TOKEN
About the author
