CVX Token Surges 23% After Exploit Resolution, Trading Volume Hits $52.98M on Binance
CVXUSDT experienced a significant price increase of 23.09% over the last 24 hours, rising from 4.001 to 4.925 on Binance. The primary driver of this surge appears to be strong bullish momentum following the resolution of a recent exploit affecting a Convex/Yearn subDAO, which restored market confidence and allowed trading to resume. Additionally, technical breakouts and increased trading activity have contributed to the upward movement, with traders focusing on volume confirmation and key resistance levels.
Currently, CVXUSDT is trading at 4.925 with a 24-hour trading volume of approximately $52.98 million and a market capitalization of around $462.69 million. The asset has shown notable volatility and strong upward momentum, supported by positive sentiment and robust market participation.
Security Breach at Seychelles-Based Cryptocurrency Exchange! Millions Stolen from Hot Wallet! Details Here.
BigONE announced that it lost $27 million worth of digital assets as a result of a security breach today.
Seychelles-based cryptocurrency exchange BigONE announced that it lost $27 million worth of digital assets following a security breach in the early hours of July 16.
Crypto Exchange BigONE Attacked for $27 Million: Funds Stolen in Hot Wallet Breach.
“We detected unusual activity in our hot wallet. Investigations confirmed that this was the result of a third-party attack,” the exchange said in an official statement released on Wednesday.
Details of the Attack:
BigONE is a total of four different blockchain networks:
120 BTC
350 ETH
1,800 SOL
It announced a loss of 8.54 million USDT. It was also reported that assets in eight other cryptocurrencies, including DOGE, SHIB, and CELR, were stolen.
Blockchain security firm SlowMist reported that the attack was carried out through the supply chain. In such attacks, hackers manipulate the operation of a system by injecting malicious code into the software infrastructure.
SlowMist stated that the attackers manipulated the operating logic of account and risk control servers to enable unauthorized withdrawals. Importantly, it emphasized that despite the attack, the wallets' private keys were not compromised.
The exchange stated that they had identified the attack vector and prevented further losses. BigONE also announced that they were tracking the hacker and the movement of funds in collaboration with SlowMist.
“BigONE will fully compensate for all losses arising from this incident,” the company stated, adding that internal security reserves have been activated to balance liquidity pools and that deposits and trading will reopen shortly.
This incident has once again brought to the fore the security measures of centralized crypto exchanges and the potential risks of hot wallets.
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Bitcoin Bulls: Don’t Blink Yet 🐂🔥 After tapping $119K, $BTC printed its biggest red candle this month — but this isn’t fear, it’s strategy.
📊 Glassnode shows $3.5B in realized profits — over half from long-term holders. Add in a 14-year-old whale moving 20K BTC, and it’s clear: OGs are locking in gains, not running for the exits.
Liquidity pockets got cleaned out fast 💧, dragging price back to ~$116K. Yet sentiment? Still greedy. Fear & Greed Index = 70. Spot inflows just hit yearly highs 🚀
This isn’t a top — it’s a reset.
🧠 Smart money sees this as a healthy cooldown. Funding rates are sane. No retail FOMO. Institutions are still in the driver's seat.
As Nic Puckrin said, “The real madness starts at $150K.” And with no rate cuts yet, true liquidity hasn’t even entered the game.
⏳ If BTC revisits $110K and holds, it might just be the launchpad for the next vertical leg.
Retail’s still sleeping. Institutions are loading. And this bull run? Far from over.