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sending 100s of ether (ETH, -2.51%) to Tornado Cash, an Ethereum-based privacy tool used by hackers to cover tracks and withdrawn funds.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
-
ONP national roadshow is fully started initiation
On March 25, 2021, ONP Xi ‘an Road Show was successfully set up. The event was attended by outstanding community leaders from across the country. Veteran blockchain industry consultants and dedicated evangelists were invited to share the wealth of the current era and the important role of ONP in the blockchain prophecy field. On March 27th, the ONP Shanghai Roadshow was opened up smoothly, which was organized by the ONP Shanghai Community. The meeting was centered on the core values of ONP. Participants and analyzed the current status of the Predictor. At the same…
04/03/2021 -
Behold, the journey of SmallDogCoin dominance is beginning.
The most hype discussion recently in Crypto(maybe even beyond crypto ) is not Btc reaching $60k or $2500 Eth, but Dogecoin which was abandoned by the founder, but went crazy on Reddit with over 1 million active users. Dogecoin as the synonymous to“pathway to financial freedom”went up hundreds times within months and hit record daily rise of 150% shocked everyone that read news. This was the use-to-be crypto market and draws many Bitcoin holder to switch position to Dogecoin. It is hard to imagin crypto without hard cap could…
04/20/2021 -
Market Wrap: Bitcoin Slips to $52K; All Eyes on Friday’s $6B Options Expiry
Bitcoin (BTC) trading around $52,184.38 as of 20:00 UTC (4 p.m. ET). Slipping 4.77% over the previous 24 hours. Bitcoin’s 24-hour range: $50,458.10-$54,762.75 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on CoinbaseSource: TradingView Bitcoin traders urged caution as prices for the cryptocurrency slid toward $50,000 for the first time in two weeks while the options market braced for volatility ahead of a record $6 billion contract expiration Friday. “This is a time to make sure that you…
03/25/2021 -
Completing an important ecological footprint, the MSA Foundation is incorporated in the US
On 12 February 2022, the Meta Space Alliance Foundation (MSA Foundation) was incorporated in North America to complement the last ecological footprint of the MSA Meta Space Alliance and to take full responsibility for the MSA’s global operations and outreach. The Foundation is focused on the meta-universe related industries and its business and development path is decided by a vote of the MSA DAO, to whom the Foundation team is elected and accountable, with a rotating CEO. In addition to the immediate impact of the new crown epidemic, which has…
Digital Currency 02/07/2022 -
Layer’s Lending Agreement System Offers Limitless Market Potential
The invention of the blockchain has brought new possibilities to the field of finance. Whether we’re talking about countless new applications of blockchain finance or the emergence of DeFi (Decentralized Finance), this new ecosystem based in the native virtual currency community has been overwhelmingly positive in its impacts. Moreover, it shows the new innovations that blockchain technology provides to the global economic system. The conventional financial system has created huge volumes of wealth, but due to its practices of centralized management, and opaque system management practices, a number of…
04/22/2021 -
Lingose: Empowering Wed3’s GameFi Players
With the awakening of self-awareness of a new generation of netizens, people begin to realize the value of their actions, and when these lines are recorded and accumulated enough, big data is formed. At present, major companies use big data to make countless profits, but the contributors of the data themselves have nothing to gain. When people really realize this, then web3 will be one step away from us. The most notable feature of Web3 is that the ownership and control of the digital content created by the user belong…
08/10/2022 -
1 million Chaingers, let the world hear your voice!
The total locked-in value of decentralised finance is now a staggering 310 billion and the market keeps on growing as more and more investors are starting to shift towards DeFi; which is great news because the blockchain industry can’t possibly grow without the support of its world wide users, and at the same time, traffic is the main thing that will keep projects going in the long run. As the DeFi industry continues to evolve, Chainge, a coded financial platform customised for both institutional and individual investors, is in full swing…
03/14/2021 -
The world premiere of FIL II is bound to be a rising star
With the rapid development of 5G, Internet of Things, and artificial intelligence, it is estimated that by 2023, about 40% of storage systems will be distributed storage architectures. Although the realization process of large-scale applications continues, the potential advantages of distributed storage accelerate the transformation of the new data era. FIL II is a distributed file storage network based on blockchain technology, a network transmission protocol for distributed data storage and shared files. FILII is the only incentive layer for FIL II, a decentralized distributed storage network….
02/04/2021 -
Thales: We’re building a whole new economic system
Thales, the first lightweight, high-performance parallel chain in the Polka ecosystem, has received a $10 million investment from ZKfund, Holo Capital, and Digital Assets Investment, which will be used for the development of Thales’ economic system layer Hayek, DAO governance layer Plato, and storage network layer IPS (IPS-Thales). Introduction to Thales The Thales project is made up of Hayek, an economic system layer, Plato, a DAO governance layer, and IPS, a storage network layer (IPS-Thales). Although the consensus mechanism of Thales is NPOS, unlike Poca, Thales rewards not only…
03/30/2021 -
Gold farming studios’ new favorite: Savior!
Studio: Orchha Guest: Jaipur (Orchha’s partner) Could you tell us what this studio is? Jaipur: Orchha is a game society focused on the metaverse ecosystem. It helps investors pool assets and bet on NFT games to make profits and share them with the community of supporters. The current focus of Orchha is gaming NFTs. It offers hardware and software technical support and is a pioneer in in-game earnings. It was established in India and will incorporate North American and Eastern European communities the team members come from. Why was this…
11/15/2021