by Giorgi Kostiuk
2 years ago
The first quarter of 2024 witnessed a significant financial loss of over $502 million due to 223 onchain security incidents, as per CertiK's latest "Hack3d" security report. Out of this amount, private key compromises accounted for $239 million, which was more than half of the total losses recorded during this period.
Suggestions put forth by CertiK co-founder Ronghui Gu include the adoption of multisig wallets and multiparty computation within the community to strengthen security measures.
Bitcoin is currently trading below its 200-week moving average, which is being watched as a potential accumulation signal by traders amidst market volatility.
Dogecoin indicates a potential buying opportunity as it displays a TD Sequential buy signal on the daily chart.
A newly created wallet has received 18,361 ETH, valued at approximately 28.91 million, as traders monitor market stability after recent volatility.
Whales moved millions of LINK tokens to Binance in anticipation of the upcoming Pangea news.
Bitcoin has rebounded from the $58,000 area, indicating a potential stabilization in the market as whale selling pressure cools.
The report utilizes information gathered from Cardano community research materials, providing valuable insights and data for understanding Cardano's developments.
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