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…
Fortress Protocol
Fortress Protocol Breached, Loses $3 Million
In the latest hours of May 8th, DeFi lending protocol Fortress Network got hit with a manipulation attack that drained most of its funds. According to the protocol's release, the stolen assets included 1,048.1 in Ethereum and 400,000 in stablecoin DAI. Although the theft surfaced this month, there are strong suggestions the process began much earlier. In fact, 19 days before the announcement went public. Fortress Network confirmed the attack in a tweet soon after it happened. A cry for…
3 years ago