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As the cryptocurrency segment is recovering from another nine-digit hack of the bridge infrastructure, malefactors are already trying to scam its victims for the second time. Despite Elon Musk allegedly cracking down on Twitter bots, they managed to activate thousands of accounts to promote scams.
A significant vulnerability has been exploited in the Multichain Fantom Bridge, resulting in the theft of millions of dollars worth of crypto assets. Hackers used a smart contract vulnerability to dump various cryptocurrencies, including WBTC, USDC, DAI, and WETH.
Bitcoin (CRYPTO: BTC) moved lower, but the cryptocurrency prices remained above the $30,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $1,900 mark this morning.
Fantom (FTM) price has been experiencing a dip in the past few days. This fall appears to have worsened in the last 24 hours due to FUD (fear, uncertainty, and doubt) spreading amongst investors.
BeInCrypto looks at the five biggest crypto losers in the entire crypto market this week, specifically from June 30 to July 7.
“It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain,” developers said early Friday.
Key Points: Fantom Foundation has provided reassurance to FTM token holders, addressing concerns related to Multichain's issues. The foundation stated that FTM tokens, including those on wFTM, FTM ERC-20, and Opera, have never been released or managed by Multichain, ensuring their immunity from any potential impact.
A hacker posted false information about an airdrop after compromising the Twitter accounts of Aptos Network and its CEO. Aptos has asked users to be wary and not interact with any suspicious posts.
On Thursday, July 6, the multichain bridge witnessed abnormally large outflows in what seems to be a multi-million dollar exploit of the platform. A few hours later, Multichain protocol announced that they have suspended the operations.
Tens of millions of dollars of tokens have been withdrawn from the Multichain bridge on the Fantom network in a possible exploit.
LayerZero Labs introduces USDC, USDT, WETH, and WBTC to Fantom with support from the ecosystem, bringing stability and longevity for projects, bridging available via Stargate Finance.
LunarCrush named Fantom [FTM] as the coin of the day based on its social and market performance. However, traders may still need to stay cautious despite all indicators in favor of the altcoin.
A widely followed crypto strategist thinks that Ethereum (ETH) competitor Fantom (FTM) is primed for a significant move to the upside. Analyst Michaël van de Poppe tells his 659,600 Twitter followers that Fantom looks bullish as long as it is trading above $0.30.
A widely followed crypto analyst is breaking down Bitcoin (BTC) and altcoins after a week of sideways price action for crypto. Crypto trader Michaël van de Poppe tells his 659,500 Twitter followers that BTC is now moving into a “potential scenario for a long trigger.” “Well, we got the sweep for Bitcoin.
As the crypto market enters a new phase, the stage is set for a potential bull run driven by the increasing wave of institutional adoption. The recent surge in interest from major financial players has infused a renewed sense of optimism among crypto enthusiasts.
The prospects for high potential cryptos remain impressive offering significant returns for the discerning investor in the future
Fantom (FTM) has been underperforming in the past few months, shedding virtually all the profits gained at the beginning of the year. However, the bulls seem to be back in control, as the cryptocurrency price indicates increased buying pressure.
The Fantom (FTM) price has increased over the past 11 days and staved off a drop to a new yearly low.
Despite a weakening market, these three cryptos could be saved due to a surge in interest around artificial intelligence.
Introduction This report provides an analysis of Fantom (FTM/USD) based on the latest data as of 19 June 2023. The analysis includes a review of the current price, volume, bid/ask prices, day's range, technical indicators, and moving averages.
In a video update published on 3 June 2023, popular crypto market commentary show “Altcoin Daily” said these are the best six crypto tokens to buy “for an easy 10x”: and $AVAX, $SOL, $FTM, $ADA, $ETH, $CAKE.
Developers will get a 15% cut of the fees they generate, but only if their app has done more than 125,000 transactions and has existed for three months.
Fantom (FTM), a leading Layer 1 (L1) blockchain platform, has launched a new Gas Monetization program to incentivize high-quality Decentralized Applications (dApps) and attract top talent to the ecosystem. With the recent announcement of the long-term vision for the protocol by Andre Cronje, co-founder of the blockchain platform, the community is buzzing with excitement for the future of Fantom.
The move is enabled by a governance vote passed earlier this year, approving a proposal to use 15% of network fees to incentivise developers.
