Fantom Coin is Going to Zero After Multichain Bridge Hack but Crypto Whales are Accumulating This Other Coin Instead – Just 10 Days Left
The price of Fantom Coin (FTM) has dived by 11% in the past 24 hours, after a hack of Fantom's Multichain bridge resulted in a loss of cryptocurrencies worth upwards of $126 million. At $0.266907, FTM is now down by 14%...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
At $0.266907, FTM is now down by 14% in a week and by 10% in the last 30 days, with the altcoin remaining up by 33% since the beginning of the year....
Read More: Fantom Coin is Going to Zero After Multichain Bridge Hack but Crypto Whales are Accumulating This Other Coin Instead – Just 10 Days Left
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Meta Tests Prediction Markets, DOJ Moves on $1.2 Billion in Binance Hack Funds, and Ancient Bitcoin Stirs
Meta tests a points-based prediction-market app, the DOJ moves to seize $1.2 billion from the Binance hack, and 16-year dormant Bi...
US spot Bitcoin ETFs bleed $185 million as outflow streak hits seven days
Institutional caution and Bitcoin volatility may drive a shift in crypto investment strategies, impacting market dynamics and inve...
Coinbase Institutional says Fed rate expectations, not the Binance hack, sank Bitcoin
Bitcoin's sensitivity to Fed rate expectations highlights its growing correlation with macroeconomic factors, overshadowing isolat...
US seizes $1.2 billion frozen after North Korean Binance hack
The US Department of Justice (DoJ) yesterday announced the seizure of $1.2 billion in cryptocurrency stolen from Binance last mont...
MSCI Cuts Strategy From Global Indexes, Putting Bitcoin Treasury Model Under Pressure
Key Takeaways: Under new classification rules instituted by MSCI, Strategy will be phased out of the global equity index. The chan...
U.S. Targets $1.2 Billion From Binance Hack—Where Is the Rest?
The Binance hack recovery has reached a significant milestone: U.S. authorities say more than $1.2 billion in stolen cryptocurrenc...