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- 😨 Atomic Wallet users Fall Victim to $35M Hack
😨 Atomic Wallet users Fall Victim to $35M Hack
🐳 Crypto Whale Drowns in $30M SUSHI Loss
DeFi God
June 05, 2023
Crypto is a roller coaster ride. Isn’t it? And it’s always fun to ride it with us 😎
🔥 What's hot today 🔥
😨 Atomic Wallet users Fall Victim to $35M Hack
🐳 Crypto Whale Drowns in $30M SUSHI Loss
🌍 Google searches for 'crypto' drop to the levels observed in 2020
⌛ Celsius Network's ETH Staking Shift Intensifies Ethereum Wait Time
🐦 Tweet of the day
🐸 Meme of the day
🧠 Wisdom of the day
😨 Atomic Wallet users Fall Victim to $35M Hack
A disastrous security breach at Atomic Wallet has seen user losses soaring past $35M 📈, says on-chain detective, ZachXBT. Tokens vanished, transaction histories wiped out, and complete crypto portfolios gone - the largest victim lost a jaw-dropping $7.95M in Tether USDT! The noncustodial wallet service is scrambling to identify the cause of the attack, while victims eagerly wait for answers.
🐳 Crypto Whale Drowns in $30M SUSHI Loss
Twitter-famous cryptocurrency whale, 9x9x9, confessed to losing over $30M in SushiSwap's native token, SUSHI 🍣. The whale disclosed this staggering loss after unstaking 2.46M SUSHI tokens on the decentralized platform, netting just $2.12M 😲. Analysts pointed out that 9x9x9's initial investment was around $20.64M, leading to an estimated loss of $18.52M. However, the whale's actual losses exceeded this estimate, considering additional SUSHI purchases from various centralized exchanges. Amidst all this, SUSHI has tumbled 96% from its March 2021 peak of $23.38, trading now at a mere $0.86 per token 📉
🌍 Google searches for 'crypto' drop to the levels observed in 2020
Google searches for 'crypto' plunge to 2020 levels, signifying a dropping interest in cryptocurrencies, including Bitcoin and Ethereum. Meanwhile, the buzz around artificial intelligence (AI) is heating up, signaling the new tech trend! 🤖
"Crypto" search trends are at the lowest point they have been since December 2020.
This also corresponds to exchange volumes which were at 32 month lows this past May.
Apathy?
— Coin Bureau (@coinbureau)
11:59 AM • Jun 4, 2023
⌛ Celsius Network's ETH Staking Shift Intensifies Ethereum Wait Time
Celsius Network's latest ETH staking move has added a significant wait time for Ethereum validators 🕰️. In just two days, the now-bankrupt crypto lender transferred an astonishing $813 million of staked ETH into staking contracts, after cashing in its stakes from Lido Finance. The aftermath? A stretched queue to activate new Ethereum validators, now standing at 44 days! As Celsius wallets still contain around $109 million in ETH, further movements are keenly anticipated in the crypto-verse.
Celsius just sent 222k $ETH from their $stETH withdrawal address to their own ETH Staking Pool
If they stake all 428k ETH via their staking pool, it will become the 7th largest entity in $ETH Staking with 586k ETH Staked, excluding unknown
Kudos to @etheraltog for the spot 🫡
— Tom Wan (@tomwanhh)
4:25 PM • Jun 1, 2023
🐦 Tweet of the day
Quick Rundown: Essential Know-How for Every Ordinals Collector
— Defi God (@_defi_god_)
11:40 AM • Jun 3, 2023
🐸 Meme of the day
🧠 Wisdom of the day
What is Ethereum staking?
Ethereum staking involves validating transactions by "staking" Ether, Ethereum's native coin, to secure the network and earn rewards. Beyond traditional investment, staking allows earning interest, participating in liquidity pools, and lending. However, stakes can be slashed if validators generate invalid blocks ⚠️. This process has made Ethereum more decentralized, paving the way for more dApps and users
Find out more about Ethereum staking in this article.