Token network protocol hacked, Ethereum briefly plummets 9%
According to ChainCatcher, citing Jinse Finance, Ethereum dropped by 9% on Monday, falling below the key support level of $3,600, and is down about 25% from its August 22 high of $4,885. Before the sharp decline, the Ethereum-based decentralized finance protocol Balancer suffered losses that may exceed $100 millions in a hacker attack. This vulnerability is the latest in a series of bearish events over the past few weeks, causing digital asset investors to feel uneasy. Stocks related to digital assets are also under pressure, with one exchange falling nearly 4% and Strategy dropping more than 1%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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