THORChain Halts Network After Suspected $10 Million Exploit
- Emergency Halt Reason: THORChain halted its network after on-chain investigator ZachXBT flagged suspicious activity involving approximately $10 million, prompting validators to trigger an emergency shutdown to prevent further losses.
- Trading Activity Suspended: The halt freezes all protocol activities, meaning traders cannot execute cross-chain swaps, liquidity providers cannot add or withdraw funds, and pending transactions are effectively paused, impacting user liquidity.
- User Fund Security: Despite the halt, funds in THORChain liquidity pools are not necessarily compromised, as the emergency measures are standard protocol aimed at limiting losses and ensuring user asset safety.
- Recovery Plan Ahead: THORChain's recovery process will involve investigating the exploit, patching vulnerabilities, auditing affected funds, and a phased network restart, with users advised to monitor official channels for updates.
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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 8 technical signals, shows that 4 indicators are flashing buy, while 4 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 | 0.000216 | 0.000222 | 0.000228 | 0.000234 | 0.000239 | 0.000245 | 0.000251 |
| Fibonacci | 0.000222 | 0.000226 | 0.000229 | 0.000234 | 0.000238 | 0.000241 | 0.000245 |
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