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The Arbitrum-based Jimbos Protocol has been exploited for 4090 ETH worth $7.5 million three days after its version 2 launch. PeckShield reported the hack was enabled by the protocol's lack of control over slippage for the tokens under its control.
Arbitrum price analysis is bullish, with the ARB/USD pair rising to the $1.17 level. The price action recently created a bullish engulfing candlestick pattern, which indicates that the token is in an uptrend.
Arbitrum (ARB) has been making waves in the crypto world as it recently became the 4th largest ecosystem in the market. Despite experiencing a sharp decline of 70% since its airdrop, Arbitrum's native token has continued to gain attention from investors, currently trading around $1.158, down from $1.1808 on April 18th.
The Arbitrum network witnessed a massive liquidity surge, setting a new daily record. However, ARB struggled to surpass the $1 price range.
Here are three top performing cryptos long-term investors should consider on any dips in the crypto market in the months to come.
Ripple, Litecoin, and Arbitrum have added the most value from the top 50 alts today.
Arbitrum price analysis shows that the cryptocurrency has seen a downward trend in recent days, with ARB prices slipping back to $1.11. This comes amid a broader market selloff which is seeing a bearish sentiment on crypto assets across the board.
WOOFi, a leading staking platform, has announced the launch of its highly anticipated WOOFi Stake 2.0, incorporating advanced cross-chain staking technology powered by Arbitrum and LayerZero.
The largest whale cohort in the Arbitrum ecosystem now taking bearish positions, how far will the ARB price drop?
Arbitrum price analysis reveals a bearish trend, as a steady downtrend can be observed for the past 24 hours. The Arbitrum token has broken below the $1.3355 resistance level, and it is currently trading around the $1.13 level.
In the rapidly evolving world of decentralized finance (DeFi), one platform has been making waves and capturing the attention of users and investors alike: Arbitrum. As a layer-two scaling solution for the Ethereum network, Arbitrum has emerged as a key player, providing faster and more affordable transactions that have propelled it to prominence within the DeFi landscape.
Activity on the Arbitrum network begins to influence the market cap of ARB. Activity on the network starts to decline, price of ARB gets affected.
The Arbitrum price analysis reveals that the uptrend has been intact as the bulls have been trying to maintain their lead despite a very low price oscillation.
A decentralized exchange (DEX) built on Arbitrum (ARB) burned its investors and made off with $3 million worth of crypto, according to the blockchain security firm PeckShield. Swaprum (SAPR) bills itself as “a next-generation decentralized exchange with a range of trading tools and potential earnings of up to 100% APY.
Decentralized exchange (DEX) Swaprum, built on Arbitrum, has reportedly performed a rug pull, and nearly $3 million has been pilfered from the platform.
Arbitrum price analysis is on the bullish side today. The bulls have recovered a good range from the recent support level of $1.15, and momentum is growing stronger.
Chainlink is a web3 services platform and a decentralized Oracle network. On Saturday (May 20), the protocol joined forces with Arbitrum, an Ethereum layer two scaling solution, to reveal the launch of Chainlink VRF (Verifiable Random Function) on Arbitrum One. That will offer developers access to a widely-recognized random number generator (RNG).
Chainlink, a decentralized blockchain oracle network and an industry-standard Web3 services platform, and Ethereum Layer 2 scaling solution Arbitrum announced the launch of Chainlink Verifiable Random Function (VRF) on Arbitrum One. This enables developers to access the leading random number generator (RNG) in the blockchain industry.
Swaprum, a project on Arbitrum, scammed its users and caused huge losses for many holding its token.
The team behind Swaprum appears to have disappeared with $3 million in customer funds.
Arbitrum price analysis shows that the ARB/USD pair is currently in a bearish trend. The market has been in a downtrend since the beginning of today.
Crypto News: In the world of cryptocurrencies, built upon the foundations of trust and transparency provided by blockchain technology, the prevalence of crypto hacks and scams has cast a dark shadow over the industry. Recently, another alarming incident has shaken the faith of many users as Swaprum, a decentralized exchange operating on the Ethereum Layer
Swaprum, a decentralized exchange on Ethereum Layer 2 network Arbitrum, appears to have absconded with $3 million in user deposits.
In a landscape as vibrant and volatile as the crypto market, today's top performers comprise of Mask Network (MASK), Render Token (RNDR), Ripple (XRP), Injective Protocol (INJ), Conflux (CFX), and Nexo (NEXO). On the flip side, we see a few heavyweights and a couple of upstarts grappling with the market's downward pull, including Lido (LDO), Axie Infinity (AXS), Optimism (OP), Sui (SUI), Arbitrum (ARB), Immutable X (IMX), and Chainlink (LINK).
