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Cryptocurrency Market: Bitcoin Reaches $60,000 While Altcoins Struggle

Aug 29, 2024
  1. Current State of Cryptocurrencies
  2. WazirX Bankruptcy
  3. Kylian Mbappe’s Account Hacked

The cryptocurrency market experienced numerous events in the past 24 hours. In this review, we will look at the key ones, including Bitcoin's recovery to $60,000, WazirX's bankruptcy, and the hacking of Kylian Mbappe's account.

Current State of Cryptocurrencies

In the last 24 hours, the cryptocurrency market has seen several significant events. WazirX, a popular crypto exchange, announced filing for bankruptcy postponement. The U.S. Securities and Exchange Commission (SEC) has expanded its activities to the NFT sector. Additionally, the social media account of famous footballer Kylian Mbappe was hacked.

WazirX Bankruptcy

WazirX employees, a well-known cryptocurrency exchange based in Singapore, filed for bankruptcy postponement. Due to a $280 million attack, customers are unable to withdraw their funds. It is expected that withdrawals may begin no earlier than 4-6 months. In the coming days, a bankruptcy court hearing will take place where a final decision on this matter will be made.

Kylian Mbappe’s Account Hacked

Hackers continue to attack the accounts of famous individuals. The latest victim was Kylian Mbappe, whose social media account was hacked. The attackers managed to extract around $1 million from investors. One of the victims spent 7156 SOL Coin on a fake token, equivalent to $9200 at the time of the transaction.

The situation in the cryptocurrency market remains tense. The trends of recent days show that investors need to be vigilant and assess all possible risks.

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