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sending 100s of ether (ETH, -2.51%) to Tornado Cash, an Ethereum-based privacy tool used by hackers to cover tracks and withdrawn funds.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
-
Carbon Pathfinder KAU is available for global subscription, come and participate!
In order to improve the quality of global environmental protection, drive the combination of blockchain technology + environmental protection, and establish a unified global carbon policy and carbon market, the Ministry of Environmental Protection of South Korea and the International Environmental Protection Organization (WWF), Singapore, the United States, Australia, France, etc. jointly initiated the establishment The main body of carbon emission operation, launched the carbon pather KAU, a global ecological civilization construction system that uses blockchain technology to solve the pain points of the current environmental protection and health industry….
-
Market Wrap: ‘Elon Candle’ Effect Fades Quickly as Bitcoin Retreats Below $55K
Bitcoin (BTC) trading around $54,771.18 as of 20:00 UTC (4 p.m. ET). Slipping 0.63% over the previous 24 hours. Bitcoin’s 24-hour range: $53,577.33-$57,225.30 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians. Bitcoin trading on Coinbase.Source: TradingView The “Elon Candle” effect on bitcoin appears to be short-lived. The market jumped early Wednesday after Tesla CEO Elon Musk announced the electric vehicle maker plans to now accept bitcoin as a payment option, and that it won’t convert any receipts of the cryptocurrency back into…
-
SIGNAL, the Blockchain for 5G Network
SIGNAL has designed a blockchain around a self-verifying network of gateways that provides message provenance, microtransactions, and open access to anyone. A technology that uses blockchains and tokens to incentivize user and businesses to run 5G version of its network. It is expected to meet the needs of high throughput and serve complex, decentralized, high-performance 5G inter-connectivity, creating environments that will enable the next era of technological innovation, products, and services — the Internet of Things (IoT), Smart Cities, Smart Manufacturing, Cloud VR/AR, and Healthcare. Besides that, SIGNAL…
-
After August 30, 2022, the reward rules for users participating in TSwap node PK will be changed
According to the latest news from the TSwap official website: The LAX+USDT liquidity pool will be tested globally from June 1 to June 6, 2022. If the liquidity pool is tested to be functional, it will be officially launched. The users can obtain the token of ecological value TJC by adding liquidity. In fact, most of the community users are expecting the LAX+USDT liquidity pool, and they want to participate in the liquidity pool plan, which will accelerate the development of TSwap ecology. With the rapid ecological development, the consensus…
-
Much Wow: Slim Jim Has a Dogecoin Strategy. News of It Sends DOGE to a New ATH
Smoked meat stick vendor Slim Jim has an actual official dogecoin (DOGE, +97.74%) strategy. And it appears to be working, big time. News of this tie-up, which CoinDesk broke earlier Thursday, sent the price of DOGE to a new record. The social media-savvy snack food saw its Twitter follower count increase 160% and tweet impressions soar to the moon (35 million impressions in 25 days) after it began engaging in Shiba Inu meme coin content last quarter, according to the CEO of parent company Conagra Brands. “We’ve seen a marked uptick in audience…
-
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…
-
The Beginnings of Institutional Ethereum: Recapping the First Few Weeks of CME Ether Futures
On February 8, CME Group officially launched Ether futures. ETH futures went live just a little more than three years after CME Group began offering Bitcoin futures. In this interview, CME Group Global Head of Equity Index and Alternative Investment Products Tim McCourt discusses the origins of ETH futures, what convinced them that the time was right for the product to go live, how institutional investors’ attitudes towards Ethereum (and crypto as a whole) have changed, and how the response from the market has been. When did you start thinking…
-
DeFi Major Aave Working With Polygon to Bypass Ethereum Congestion
Decentralized finance (DeFi) firm Aave is working with Ethereum layer 2 Polygon to address the congestion currently experienced on the second-largest public blockchain. Announced Wednesday, Aave will be exploring scalable sidechains with Polygon (formerly known as Matic) to escape the high transaction fees that currently exist on Ethereum. Aave says it will use a soon-to-be available smart-contract bridge that will seamlessly port assets from one network to the other. The “DeFi Summer” of 2020 has not really slowed down, with close to $43 billion currently locked within DeFi lending platforms. Built…
-
Announcement of TCOW contract address
According to the official twitter report of cowlab, TCOW has passed the torn distributed open source protocol,TCOW will establish a low threshold, high transparency, strong accessibility and inclusive point-to-point decentralized financial system. In order to prevent fraud, the TCOW contract address is officially announced: TAp5LFZL32A62LnPEv8n7GmxceKSyLEKNM, with a total amount of 2100 million, 70% of which is used for DAPP application developer award, 15% for community incentive, 10% for global institutional investment, and 5% for technology operation and maintenance team award.
-
KHC — a new generation of high performance private financial public chain has officially launched
With the appearance of blockchain technology, services in the financial industry have made great progress. The blockchain brings extra vim to the cryptocurrency industry, and the emergence of DeFi on the blockchain has empowered more projects in the industry. From 2019 to 2020, the DeFi market has developed rapidly from nothing. Only one year later, the total lock-up volume of DeFi in 2020-2021 has approached $100 billion, rising more than 240 times. The popularity and drawbacks of DeFi DeFi is so popular which has become one of the hottest topics in the crypto…
