Lykke Exchange Compelled to Liquidate Following $23 Million Cryptocurrency Theft
Lykke Exchange Liquidation: Lykke Exchange, a UK-registered crypto platform, was liquidated after suffering a $23 million hack attributed to North Korea's Lazarus Group in June 2024, leading to significant losses in BTC and ETH.
Regulatory Scrutiny: The incident has raised concerns about regulatory gaps and the need for stricter oversight of cryptocurrency exchanges, especially given Lykke's lack of FCA licensing in the UK.
User Impact and Legal Issues: The hack forced Lykke to cease operations by the end of 2024, resulting in over 70 claims from users and stakeholders, highlighting widespread financial distress.
Security Concerns: The attack reflects ongoing vulnerabilities in crypto security, with the Lazarus Group's tactics mirroring previous exploits, prompting calls for improved regulations to protect against similar threats.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) 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 MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0534 | 0.0566 | 0.0598 | 0.063 | 0.0662 | 0.0693 | 0.0726 |
| Fibonacci | 0.0566 | 0.059 | 0.0605 | 0.063 | 0.0654 | 0.0669 | 0.0693 |
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