Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Akutars NFT Project
Akutars NFT Project Loses $34M to Smart Contract Blunder
The much-anticipated Akutars collection became a nightmare for its developers, losing $34 million after its launch this weekend. The incident occurred due to flaws in the Ethereum-based NFT project's smart contract, which resulted in freezing of assets. An Expensive Irreversible Mistake? The development team behind the anticipated Akutars collection might have just experienced the biggest nightmare launch. While there are cases of devs rugpulling coins and absconding, this might just be the opposite. Barely a day after the Akutar launch,…
3 years ago