TAC Recovers Majority of Stolen Funds After $2.85M Bridge Exploit
- Recovery Progress: The TAC team successfully recovered most of the $2.85 million stolen in the May 11 exploit, demonstrating effective crisis management and enhancing user trust in the project.
- Attack Method Revealed: The attacker bypassed the bridge's code hash verification by deploying a counterfeit contract that tricked the system into processing fake USDT deposits, exposing vulnerabilities in cross-chain bridge security.
- User Compensation Commitment: TAC pledged to use its foundation treasury to cover any remaining losses, ensuring all affected users are fully compensated, which not only protects user interests but also enhances the project's credibility.
- Security Audit Measures: Following the exploit, TAC decided to conduct external audits and peer reviews before gradually reactivating the bridge's sequencer, indicating a strong commitment to improving security and preventing future incidents.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000209 | 0.000217 | 0.000224 | 0.000232 | 0.00024 | 0.000247 | 0.000255 |
| Fibonacci | 0.000217 | 0.000222 | 0.000226 | 0.000232 | 0.000238 | 0.000241 | 0.000247 |
About DEFI
About the author







