NervosNetwork

Another serious security breach has shaken the crypto world. The Nervos Network has fallen victim to an exploit after attackers took control of its cross-chain bridge Force Bridge, leading to the theft of approximately $3 million in digital assets.

Attackers Took Over Force Bridge and Laundered the Funds
According to initial reports, an unknown attacker managed to seize control of the Force Bridge—used to connect different blockchains within the Nervos ecosystem. After gaining access, they moved the assets to Ethereum and laundered them through the privacy tool Tornado Cash.
This tactic made it nearly impossible to trace or recover the stolen funds—Tornado Cash is specifically designed to obfuscate transaction trails.

Magickbase and Cyvers Sound the Alarm
The first warning came from Magickbase, a developer of desktop wallets integrated with Nervos. In a post on X (formerly Twitter), the team reported suspicious activity on Force Bridge and immediately shut down related services as a precaution:
“We detected abnormal activity on #ForceBridge and proactively paused the service. Our team is investigating the situation.”

Blockchain security firm Cyvers Alerts followed up with a detailed analysis, confirming that a suspicious address had taken over the bridge and initiated unauthorized transfers from the Nervos network.

Tornado Cash Used as a Laundering Tool
The attacker moved the stolen assets to Ethereum and began funneling the funds through Tornado Cash—a crypto “mixer” that hides transaction origins and destinations. This method of money laundering has become increasingly common among cybercriminals, and once the funds enter Tornado, recovery becomes nearly impossible.

A Growing Threat Across the Blockchain Space
Unfortunately, this isn’t an isolated case. Cross-chain bridges—technologies meant to connect different blockchain ecosystems—have become one of the most targeted components in crypto infrastructure.
Just in the past year, we've seen similar exploits affect the Ronin Bridge, Binance Bridge, Orbit Chain, Socket, and more, costing users millions of dollars.
The Force Bridge was part of Nervos Network’s broader vision of secure and scalable blockchain interoperability. The network has long been praised for its hybrid model that combines Bitcoin’s UTXO system with smart contract functionality. In a 2024 report, Messari even named Nervos CKB a potential breakthrough platform in blockchain programmability.
However, this breach highlights the harsh truth: even technically advanced networks are only as secure as their weakest component.

Tornado Cash: Privacy Protector or Criminal Gateway?
This incident also reignites the ongoing debate around tools like Tornado Cash. While proponents argue it provides privacy benefits to regular users, criminals continue to exploit it to clean massive amounts of stolen funds.
Given the increasing frequency of such events, it's likely that regulatory pressure on privacy-focused tools will continue to intensify.

#Cryptoscam , #CyberSecurity , #NervosNetwork , #BlockchainSecurity , #TornadoCash

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Highlight: $MINA - $BAND - $AR

I’ve been diving into mid-cap cryptocurrencies (market cap $100–$500M) that are trading below their 200-day EMA but showing signs of climbing toward it. Each has a 7-day trading volume above $10M, so there’s real action here.
1. Chiliz (CHZ) – Fan Token Platform
I’m seeing CHZ bounce back, sitting ~26% below its 200-day EMA (~$0.075). It just broke past this resistance, which is exciting! Support is at $0.067, with the next resistance at $0.084. The trend feels cautiously bullish—RSI is neutral (~50), and volume’s picking up, hinting at new money flowing in. If CHZ holds above $0.075, I think it could push toward $0.084 soon.

2. Enjin Coin (ENJ) – Gaming/NFT Token
ENJ’s been stuck in a downtrend, trading below its 200-day EMA (~$0.11). It’s hovering around $0.08, with support at $0.07 and resistance at $0.09–0.10. RSI recently hit oversold (~28) but climbed to the 40s, suggesting a possible bottom. Volume’s average, so I’m waiting for a big spike to signal a move toward the EMA. A bullish MACD cross could spark some action.
3. Harmony (ONE) – Sharding Smart-Contract Chain
ONE’s about 25% below its 200-day EMA (~$0.014–0.015), but it’s grinding up from $0.010 support. Resistance is at $0.013, and the trend’s trying to turn neutral. RSI’s in the 40s, and MACD’s close to a bullish crossover. Volume’s rising slightly, which gives me hope. If ONE breaks $0.013 with strong volume, I’d bet on a run at the EMA.
4. Arweave (AR) – Decentralized Storage
AR’s stuck ~30% below its 200-day EMA (~$9), trading around $6. Support’s solid at $6, with resistance at $7.50. RSI’s at 34, hinting at oversold conditions, and MACD’s flattening, suggesting the downtrend’s weakening. Volume spiked during recent drops but calmed down. I’m watching for a higher low and RSI above 40 to signal a potential rally.
5. Mina Protocol (MINA) – Lightweight Blockchain
MINA’s down ~35% from its 200-day EMA (~$0.33), sitting at $0.20–0.21. Support’s at $0.20, with resistance at $0.25. The trend’s bearish, but RSI’s flat in the mid-30s, and MACD’s leveling off. Volume’s low, so I’m cautious. A volume spike and RSI above 40 could mean MINA’s ready to climb toward its EMA.
6. Mask Network (MASK) – Web3 Social Trading
MASK’s inching up toward its 200-day EMA (~$2.8–3.0), trading at $2.30. Support’s at $2, with resistance at $2.50. RSI’s in the 50–60 range, and MACD’s turned bullish, which I like. Volume surged recently, showing accumulation. If MASK holds above $2 and RSI stays strong, I think it’s got a shot at the EMA.

7. SKALE Network (SKL) – Ethereum Scaling Solution
SKL’s ~25% below its 200-day EMA (~$0.030), at $0.021. Support’s at $0.020, with resistance at $0.024. RSI’s near 50, and MACD’s nearing a bullish cross. Volume’s strong (~$10.9M daily), suggesting a bottom might be in. If SKL holds $0.020 and pushes past $0.024, I’d expect a move toward the EMA.
8. Nervos Network (CKB) – Layer-1 Blockchain
CKB’s at $0.0042, ~25% below its 200-day EMA (~$0.0056). Support’s at $0.0040, with resistance at $0.0048. RSI’s in the mid-40s, and MACD’s flat, showing consolidation. Volume’s decent (~$7.8M daily). A volume breakout and RSI above 50 could push CKB toward its EMA.
9. Reserve Rights (RSR) – Stablecoin Reserve Token
RSR’s grinding up from $0.007, ~22% below its 200-day EMA (~$0.009). Support’s at $0.0065–0.0070, with resistance at $0.0080. RSI’s in the 50s, and MACD’s bullish, backed by a recent volume surge (~$47.6M daily). If RSR stays above $0.007, I’m optimistic it could hit the EMA soon.
10. Band Protocol (BAND) – Oracle Network
BAND’s rallied to $0.70, close to its 200-day EMA (~$0.75–0.80). Support’s at $0.60, with resistance at $0.68. RSI’s in the 60s, MACD’s in buy mode, and volume exploded during the breakout. If BAND clears $0.68 with strong volume, I’d expect it to test the EMA and maybe even $0.99.
Final Take
These coins are all below their 200-day EMA, signaling long-term bearish trends, but I’m seeing short-term upward momentum in many. A high-volume close above the 200-day EMA could flip their outlook to bullish. I’m keeping an eye on RSI, MACD crosses, and volume spikes to spot which ones might break out. For now, I’d be cautious but optimistic—some of these could surprise us if the market turns! Please DYOR!