Social Tokens Crash After a Reported Hack at Roll Wallet
A number of social tokens, or cryptocurrencies supporting online communities, tanked early Sunday after a reported security breach at Roll.
Tokens like WHALE, RARE and PICA tanked more than 50% during the early European hours, according to data provider CoinGecko. Meanwhile, the RLY token of competing social money platform Rally spiked to all-time highs.
The founder of WHALE, a social coin underpinned by a basket of non-fungible tokens (NFTs), confirmed the hack on Twitter, stating that 2.17% of the coin’s supply has been compromised and the rest is secure in the cold storage.
Roll facilitates the sending and receiving of social money from Ethereum blockchain and within the Roll network.
According to MyCrypto.com, the malicious entity that executed the Roll hack is now sending 100s of ether (ETH, -2.51%) to Tornado Cash, an Ethereum-based privacy tool used by hackers to cover tracks and withdrawn funds.
Recommended News
-
While current top GameFi’s users are leaving the game,where will they go next? METAEASE rises as a game changer!
The natural anti-monopoly attributes, ultra-high topicality and liquidity nature of GameFi make it an object of pursuit for the rich. The sector as a whole remained on a downward trend this week, with the overall decline in the sector being severe, the trading volumes are maintaining a downward trend and the number of users is also falling to varying degrees. There is no doubt that the GameFi industry is in a downturn, the unprecedented market environment and the fall of many socialites are undoubtedly a big blow to the market. While the overall…
01/03/2022 -
An open global transactionand settlement network protocol
The digital currency represented by Bitcoin is being recognized by mainstream investment institutions, and the core technology behind it, blockchain technology, is also widely received due to the changes brought to the industry during the process of integration with traditional fields. Attention and research. As an emerging technology, blockchain technology has been a hot topic widely discussed both inside and outside the industry from the beginning to the present and to the future. As an emerging technology, the first and largest application scenario of blockchain technology is in the fields…
03/15/2021 -
Why Bitcoin Is a Better Risk Bet Than a Stack of Penny Stocks
Bitcoin is getting boring at a time when annualized 30-day volatility as of Thursday’s close has seen a sharp downward dip, in a March with its own type of (weather) volatility. Source: CoinDesk Bitcoin Price Index To emphasize the point, have a look at the chart above, which shows the volatility of bitcoin daily returns for the past month. To be fair, I’m employing a little chart crime here, starting the y axis at 40% in order to accentuate the drop between March 24-25, as all but the last days of February have…
03/26/2021 -
Bitcoin Steadies Near $54K After Biggest Drop in a Month
Bitcoin stabilized near $54,000 early Tuesday after posting its worst daily loss in almost a month. Bitcoin (BTC) was trading around $54,680 as of 12:50 UTC (8:50 p.m. ET), after falling late Monday to around $53,715, the lowest since March 16. The largest cryptocurrency fell 5.8% over the previous 24 hours, for its largest daily decline since Feb. 23, according to Bitstamp exchange data. Bitcoin’s 24-hour range: $53,795.15-$58,407.62 (CoinDesk 20). BTC’s 4-hour chart shows seller volume has been building alongside a falling price, a bearish signal for market technicians. BTC 4-hour…
03/22/2021 -
World Leading Crypto Currency Exchange, CoinW, makes its debut in the popular Soccer League, La Liga
CoinW is the first Crypto exchange company which supports Spanish Football League. RoadTown, The British Virgin Islands – CoinW, a well-known old crypto-asset exchange in the business, revealed that it is entering, the Spanish Football League, La Liga with a robust approach. On the club side, Espanyol faced Valencia on May 15th 20202, CoinW took a tumble on the sidelines of the La Liga match, allowing world fans to witness its unique brand strength in the global crypto exchange. What’s more, it is the crypto trading platform to debut in La Liga in the…
05/19/2022 -
Market Wrap: Bitcoin Rallies Near $58K, Stocks Soar to Record Highs
Bitcoin (BTC) trading around $57,572.97 as of 21:00 UTC (4 p.m. ET). Climbing 2.11% over the previous 24 hours. Bitcoin’s 24-hour range: $54,323.61-$57,632.81 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. bitcoin trading on CoinbaseSource: TradingView The bitcoin market is back in bull mode but for one key attribute, almost like a missing tooth: low trading volume. Bitcoin’s price on Thursday extended its winning streak to a seventh day as a renewed appetite for risk-taking in traditional markets sent U.S. stocks to…
03/11/2021 -
Rep. Gaetz of Blockchain Caucus Faces Investigation for Sexual Misconduct: Report
U.S. lawmaker Matt Gaetz (R-Fla.), a member of the Congressional Blockchain Caucus who has put his name to a handful of pro-blockchain bills and letters, is under investigation by the Department of Justice, which is looking into whether he had a sexual relationship with a minor, the New York Times reported Tuesday. According to the report, which cited “three people briefed on the matter,” Gaetz is also being investigated over whether or not he violated federal sex trafficking laws. He allegedly may have paid for a 17-year-old to travel with him. The investigation is part…
03/30/2021 -
Guild Master Recruitment Event for MosaicFantasy (3A card game on chain)
MosaicFantasy is a decentralized 3A card game with technical underpinning support for cross-chain and compatibility with zk-snarks. It is dedicated to combining the rich playability of traditional games with the economic model of on-chain P2E to bring a better experience to players. Currently, MosaicFantasy APP is also currently trying to establish its access to Google Play and App store, hoping to drive more users into the web3 world. In the future, MosaicFantasy APP will become the entrance-level product for users to enter the web3 game universe, and the APP ecological board will…
06/19/2022 -
GTMOBlob: Ein Blockchain-basiertes Ökosystem für die medizinische Versorgung
Derzeit werden alle medizinischen Informationssysteme mit Blick auf medizinische Einrichtungen verwaltet und betrieben. Um die Privatsphäre der Patienten zu schützen, ist die Weitergabe und der Austausch von Informationen außerhalb medizinischer Einrichtungen grundsätzlich nicht erlaubt, mit Ausnahme von Patienten, die den Zugang und die Einsicht in ihre persönlichen Daten beantragen. Ein solches einrichtungsorientiertes System zur Verwaltung medizinischer Patienteninformationen führt unweigerlich zu einer Fragmentierung medizinischer Daten zwischen verschiedenen Krankenhäusern, und die Fragmentierung medizinischer Daten verringert die Qualität medizinischer Dienstleistungen. Der steigende Bedarf an medizinischen Informationen im Bereich der medizinischen Forschung und der…
04/02/2021 -
Distributed password authentication systems may be the dark horse of the out-of-the-loop circuit in the future DPAS first in the world is about to see a new wave
On April 25, core members of the DPA community stated in the community that the distributed password authentication track, as a future hotspot, can only bring a new wave of boom if there is innovation at the application level. DPA (Distributed Password Authentication) is the world’s first decentralized distributed cryptographic identity authentication system in line with digital financial standards and distributed blockchain, with reference to the architecture standard decentralized public blockchain ecosystem, fully considering the technical characteristics of identity authentication and network ecological construction needs, in user credit identity management,…
04/29/2021