TAC Protocol Reclassifies Hack as White Hat Incident
- Hack Reclassification: TAC Protocol has reclassified the $2.8 million hack from May 12 as a white hat incident after the hacker agreed to return 90% of the stolen funds, demonstrating the protocol's flexibility and transparency in crisis management.
- Impact on Funds: The incident caused TAC token prices to drop over 21% within a week, with market capitalization falling from $91 million to $79 million, reflecting market concerns over security and its detrimental effect on investor confidence.
- Total Value Locked: As of May 14, TAC's total value locked (TVL) stands at approximately $2.74 million, nearly equal to the exploit's losses, indicating severe liquidity issues that necessitate urgent restoration of user trust.
- Legal Action Suspension: The TAC team has opted not to pursue legal action and has paused investigations, promising a 10% white hat bounty, indicating a desire to rebuild relationships with users through cooperation and transparency.
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Technical Analysis for TAC
Technical Sentiment Analysis for Talkcoin (TAC). As of , Talkcoin (TAC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TAC 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, TAC 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 $-.
Talkcoin (TAC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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