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sending 100s of ether (ETH, -2.51%) to Tornado Cash, an Ethereum-based privacy tool used by hackers to cover tracks and withdrawn funds.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
-
Start9 Labs to Build on Its Self-Sovereign, Private Internet Solutions With $1.2M in Funding
Most people never even see the server that runs the internet network in their houses. But Start9 Labs is working to change that with its latest upgrades to the Embassy Server, a self-sovereign, private internet server and operating system for your home. It’s an ambitious project to make self-sovereign computing viable for consumers, but one that offers a way out of the centralized internet people know. To expand on their efforts, Start9 Labs recently closed a $1.2 million funding round spearheaded by Collider Ventures, Ten31 and Erik Voorhees, CEO of…
03/11/2021 -
Tesla’s Elon Musk Wants Coinbase to Become DOGE-Friendly
Tesla CEO and unabashed dogecoin fan Elon Musk wants the Coinbase exchange to end its “No DOGE Allowed” policy and list the meme-based cryptocurrency. Musk tweeted an exclamatory “Yes” on Saturday after a Twitter user asked the billionaire investor whether Coinbase should enable the Shiba Inu-represented cryptocurrency on its platform. Musk’s Twitter reply.Source: https://twitter.com/elonmusk/status/1370557948494233604 A listing on Coinbase would expose dogecoin to a whole new breed of investor and thus unleash its potential. That’s because the U.S.-regulated exchange is considered synonymous with institutional investors and high net worth individuals. Tesla bought bitcoin worth $1.5 billion…
03/14/2021 -
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 -
Cryptocurrency Fund Flows Now at Lowest Since October 2020
Flows into digital asset investment products declined by roughly $79 million to $21 million during the seven-day period through March 26, the lowest since October, according to a new report by CoinShares, a digital asset investment firm. Slowing investor appetite for cryptocurrency funds reflects sideways price action in bitcoin (BTC). The cryptocurrency has traded between $50,000 and $60,000 over the past week. “Investor appetite for digital assets has waned in recent weeks as volatility remains high and the price trades sideways,” CoinShares wrote in the report. “We have recently witnessed a significant reduction…
03/29/2021 -
Since ONP launched the liquidity mining policy on January 21, 2021,
Since ONP launched the liquidity mining policy on January 21, 2021, the 48-hour-accumulated liquidity-pool pledge volume has exceeded USD 1,000,000. According to the latest news, the entire aggregated decentralized oracle network – ONP (Oracle Network Protocol) has kicked off the liquidity mining policy upon Uniswap Exchange on January 21, 2021. And the total 48-hour accumulated liquidity pool has been more than USD 1,000,000. ONP (OracleNetworkProtocol) is an aggregated decentralized oracle network based on the theories of Chainlink and Bandprotocol, which can realize safe, smooth and high-efficiency information-data interconnections between block-chain and the reality, as well…
Business 01/25/2021 -
Neorder DAO, a SocialFi Under the Governance of DAO
The rapid development of the Internet has connected the world into a “Global Village”, and our social way is also evolving from previous letters to mobile text messages, and then to today’s social platforms such as WhatsApp, Twitter and Facebook. According to the 2020 data report, the total number of active users of social media in 2019 was 3.484 billion. People spend 2 hours and 23 minutes browsing and transmitting information on social media every day, which is still growing this year. However, in the era of Web…
04/14/2022 -
KHC — Redefining Finance
Looking back to 2020, traditional industries have been inflicted heavy losses and the development of global economy has come to a stalemate, even suffered a sharp recession by the pandemic. Therefore, as the representative of a favourable turn, the emergence of DeFi will inevitably become the new star to attract everyone’s attention. Decentralized Finance, DeFi, enables users to access financial services like debit and credit sides, trading and so on without relying on centralized entities such as banks and stock exchanges. DeFi is currently the fastest growing area in blockchain and cryptocurrency…
Business 04/20/2021 -
Bitcoin Price Falls $8K to 3-Week Low, Altcoins Crash
Bitcoin nosedived to three-week lows early Sunday, puncturing the frenzied speculative bubble built into several alternative cryptocurrencies (altcoins) in the wake of Coinbase’s recent debut on Nasdaq. The biggest cryptocurrency by market value dropped from roughly $60,000 to $52,148 in 15 minutes during the Asian session, liquidating almost $4 billion worth of positions in the derivatives market, according to Messari’s Ryan Watkins. While the exact reason for the sudden crash is unknown, the market mood may have soured due to rumors that the U.S. Treasury is planning to charge several financial institutions for money laundering using…
04/18/2021 -
Resurgence, WODEX exchange platform currency platform token WMT is listed on Binance Smart Chain
At present, the digital financial market represented by NFT meta universe has developed into the main battlefield of more and more investors. Under the unpredictable market background, more users need more professional NFT meta universe platform and more investment value. Mainstream value currency. Based on this, the WODEX exchange token, WMT, has attracted attention from all walks of life once it came out. NFT is generally considered to be the most imaginative asset type in the future in the crypto world, and it is also an important part of…
Business 11/12/2021 -
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…
03/24/2021