Crypto Hack Weekly Report: $36M Whale Loss, dETH Crash, and the FBI’s Market Manipulation Sting

Quick Summary:

This week’s crypto hack news brings three rather important events, which demonstrate the weaknesses present in the sector.  A whale, overly enthusiastic about DeFi, lost $36 million through phishing, which led to the crashing of dETH prices.

The hacker further transferred out the stolen tokens almost instantly which caused a very sharp decline in the dETH market.

This week’s crypto hack news brings three rather important events, which demonstrate the weaknesses present in the sector.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: Hack News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-13 @ 06:01:43 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 365 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23014385

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 1 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #112

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