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sending 100s of ether (ETH, -2.51%) to Tornado Cash, an Ethereum-based privacy tool used by hackers to cover tracks and withdrawn funds.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
-
OTGS will blockbuster online global compliance exchange DGalaxy
According to the official news of OTGS global consensus community, on June 10, 2021, Beijing time, OTGS will blockbuster online DGalaxy. OTGS, unbounded touch NFT digital reality, makes the future virtual world become interrelated digital reality. These new fields will enable us to enjoy the digital world and create real world value at the same time. OTGS is initiated and promoted by Singapore luxury foundation. It is a blockchain system developed based on IPFS protocol for data storage of DeFi and NFT. It aims to create and integrate the next generation of NFT. …
-
Thousands help EGG Network as much-anticipated New-DeFi Autonomy Consensus Forum concludes in Haikou
In March of spring flowers, south of the motherland, the blockchain industry kicked off the year with a heavyweight event, the New-DeFi Autonomy Consensus Forum, held at the Luneng Hilton Hotel in Haikou. The forum was co-sponsored by the Blockchain Ecological Alliance Committee and the EGG Community Autonomy Committee, with joint support from EFTalk Crypto Social, Golden Finance, Non-Small, Fireball Finance and Coin World, and supported by nearly 100 partner communities and media. The forum was arranged to be live-streamed on four separate channels, with over 300,000 views, while the…
-
Galaxy’s Institutional Ethereum Funds Raise $32M at Launch – From a Select Few
Galaxy Digital’s institutional-grade ether (ETH) funds have raised over $32 million since their February launch, according to documents filed Friday with the U.S. Securities and Exchange Commission. Early returns – for an “onshore” $22 million fund and its Cayman-domiciled $10 million sibling – reveal a small but deep-pocketed clientele participated in the twin funds’ earliest days. Just five total investors have joined the funds since Galaxy unveiled them in late January. The funds debuted as ETH settled in the $1,500 range, well below highs set February when the native asset of the world computer…
-
European royal noble favorite essential oil workshop Estrella Choelus
“Estrella Choelus,” translated from ancient Greek as “Estrella Chœlus,” originally meant a star that was permanent, pleasant, and beautiful.In 1844, while refining essential oils, Galio di Vincenzo, a vegetable oil refiner, discovered that the fragrance they gave off when heated not only made people feel good, but also cured his perennial insomnia.For this reason, he opened an essential oil treatment workshop Estrella Chœlus in a small town to treat anxiety, insomnia and depression by heating essential oil.Guests could not only enjoy the fragrance treatment in the store, but also they could buy back home…
-
US Government Sues Decentralized Content Platform LBRY Over $11M in Token Sales
The U.S. Securities and Exchange Commission (SEC) is pursuing yet another case of a blockchain company allegedly selling unregistered securities. According to court documents filed Monday, peer-to-peer content distribution network LBRY is being accused of selling “millions of dollars worth of unregistered securities to investors” beginning in 2016. The securities regulator is seeking a permanent injunction against LBRY from selling further tokens in addition to a disgorgement of “ill-gotten gains” plus prejudgement interest. The SEC says the securities were sold in the form of LBRY Credits (LBC), which were communicated to investors as…
-
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…
-
The new DIEM (PER) value certificate has three mainstream public chain characteristics
The competition for public chain originated in 2018, and even this year was called the first year of public chain by the industry. Suddenly, hundreds of public chain projects emerged around the world to launch competition, but before the technology boom was ripe, it was brought into the long cold winter by the sudden bear market. In 2021, with the running entry of Gray Degree Capital, Musk’s extensive marketing on Twitter, the blockchain market ushered in an unimaginable big bull market. Although the market is stirred up hot by capital,…
-
Coinbase, Naval, Framework Ventures Back $19M Raise for a Capital-Efficient Stablecoin
Fei Labs, a project building a more capital-efficient decentralized stablecoin, raised $19 million from Andreessen Horowitz (a16z), Framework Ventures, Coinbase Ventures and AngelList founder Naval Ravikant, among others. The raise, disclosed Monday, is another sign competition is heating up among issuers of stablecoins. These cryptocurrencies are designed to hold their value against some mainstream asset, usually (as in Fei’s case) the U.S. dollar. Stablecoins play a linchpin role in the crypto ecosystem, allowing traders to quickly move fiat currency (or the next best thing) between global exchanges to take advantage of…
-
A Right Way for Investors – From Traditional Investment to DeFi Mining in Encryption Market
Abstract: To offer a best option for all investors from traditional securities to cryptocurrency investment. Berkshire Hathaway, a Magnate Unequal to Retail Investors Birth of Berkshire In 1956, Warren Edward Buffett, who was 26 years old, established an investment partnership to acquire small and medium-sized enterprises and take shares in large enterprises. In 1965, the partnership acquired control of Berkshire Hathaway Inc., a listed textile manufacturer at that time. Buffett’s partnership quickly dissolved and distributed Berkshire’s equity to its partners. Since then, Berkshire has acquired various businesses, including insurance, manufacturing,…
-
Major supporter of the world-class fighting championship, CoinW, witnessed the new champion of Kunlun Fight!
The Madinat Arena in Dubai was packed to the rafters at the night of June 25, 2022, as thousands of Kunlun Fight fans gathered to witness the most intense night of combat in the history of the Kunlun Fight. Sponsored by CoinW, the world’s leading cryptocurrency exchange, the Kunlun Fight & Chan FC World Fighting Championships, brought international fighters from France, Italy, Belarus, Turkey, Iran and many other countries to present a blood-curdling feast for the senses, to fight fans. The Fighting Championship CoinW witnessed the new champion of…
