Social Tokens Crash After a Reported Hack at Roll Wallet
A number of social tokens, or cryptocurrencies supporting online communities, tanked early Sunday after a reported security breach at Roll.
Tokens like WHALE, RARE and PICA tanked more than 50% during the early European hours, according to data provider CoinGecko. Meanwhile, the RLY token of competing social money platform Rally spiked to all-time highs.
The founder of WHALE, a social coin underpinned by a basket of non-fungible tokens (NFTs), confirmed the hack on Twitter, stating that 2.17% of the coin’s supply has been compromised and the rest is secure in the cold storage.
Roll facilitates the sending and receiving of social money from Ethereum blockchain and within the Roll network.
According to MyCrypto.com, the malicious entity that executed the Roll hack is now sending 100s of ether (ETH, -2.51%) to Tornado Cash, an Ethereum-based privacy tool used by hackers to cover tracks and withdrawn funds.
Recommended News
-
NFT killer project on the horizon as capital buzzes
MGS, the world’s largest platform for online game virtual commodity traders, is creating a blockchain protocol called the Worldwide Asset eXchange (MGS). It can be used for an unlimited number of trading platforms controlled by individuals or small business owners to buy, sell and trade virtual goods with just a few clicks. The MGS platform offers the opportunity to trade virtual goods using global tokens while de-neutralising transactions as a virtual property trading platform. Combined with a distributed trust mechanism and a reliable and preferential settlement network, this repository…
Business 05/10/2021 -
While current top GameFi’s users are leaving the game,where will they go next? METAEASE rises as a game changer!
The natural anti-monopoly attributes, ultra-high topicality and liquidity nature of GameFi make it an object of pursuit for the rich. The sector as a whole remained on a downward trend this week, with the overall decline in the sector being severe, the trading volumes are maintaining a downward trend and the number of users is also falling to varying degrees. There is no doubt that the GameFi industry is in a downturn, the unprecedented market environment and the fall of many socialites are undoubtedly a big blow to the market. While the overall…
01/03/2022 -
Reddit Forum WallStreetBets Allows Crypto Conversation, Immediately Re-Bans It
The Reddit forum famous for making GameStop’s (GME) stock price a household topic has banned all discussion of cryptocurrencies less than 24 hours after tentatively allowing a daily discussion thread, with restrictions. WallStreetBets, a subreddit that describes itself as “like 4chan found a Bloomberg terminal,” has long banned cryptocurrency discussion. It lifted this ban on three cryptocurrencies – bitcoin (BTC, -1.74%), ether (ETH, -0.45%) and dogecoin (DOGE, +87.45%) – though it continued banning “crypto spam” on Wednesday, after Coinbase’s direct public listing. On Thursday, the ban was reinstated, citing the deleterious effects of a Bloomberg article. “Due to the article that…
04/15/2021 -
CoinFans (bi-fans.com) Shenzhen Digital Mining Summit 2021 successfully concluded
On the afternoon of March 17, Beijing time, CoinFans (bi-fans.com) held the “2021 Digital Mining Summit” entitled “Win-win for the future” in Shenzhen. At the meeting, CoinFans CEO James Cao and many other executives attended the meeting. In addition, more than 50 industry elites, customers and strategic partners, including BTC.COM CEO Zhuang Zhong, Antpool co-founder Tian Xin, Shanghai Wayi co-founder Li Peicai, and Guihua Technology co-founder Xiao Guihua, gathered at the summit. At this 500-person summit, James Cao and other well-known companies delivered live speeches and shared the…
03/18/2021 -
Crypto Must Apply Safety Lessons of the Existing Financial System
There is a revealing, albeit slightly morbid, maxim that “safety standards are written in blood.” Humans and human-created systems generally tend to be reactive rather than proactive when it comes to developing protective rules. Nevertheless, today’s construction workers and consumers are more shielded from danger than those of the past because we’ve learned from prior mistakes. Rick McDonell was the executive secretary of the Financial Action Task Force from 2007 until 2016. Prior to that, he was chief of the United Nations Global Program against Money Laundering at the UNODC. He…
03/25/2021 -
Coinbetter: Transcript of the ETHDenver Conference
The 10-day ETHDenver2022 has ended on February 20th . ETHDenver is the world’s largest Web3 and blockchain conference, bringing blockchain projects and companies from around the world to Colorado’s capital every year for days of hackathons, project builds, keynotes and panel discussions, and exchanges. In addition to Ethereum itself, the event also invited a group of chain-agnostic projects, including Alogrand, Near, Polygon, and Polkadot. Notably, this year’s attendees included state Jared Polis, South African entrepreneur (and Elon’s brother) Kimbal Musk, and Ethereum co-inventor Vitalik Buterin also made a surprise appearance. This…
02/21/2022 -
Bitbase The rising star of the blockchain trading platform track
The digital economy is an intelligent stage characterized by the deep mining and integrated application of blockchain, artificial intelligence and big data. In the face of new social conditions, the digital economy is booming, giving full play to the benefits of technological innovation and changing the current technology The way of application is to give play to the empowering role of technology to society. Under the wave of blockchain technology, the breakthrough in the financial field is epoch-making. Various forms of “blockchain+” applications have been launched. Blockchain technology has accelerated…
03/23/2021 -
European royal noble favorite essential oil workshop Estrella Choelus
“Estrella Choelus,” translated from ancient Greek as “Estrella Chœlus,” originally meant a star that was permanent, pleasant, and beautiful.In 1844, while refining essential oils, Galio di Vincenzo, a vegetable oil refiner, discovered that the fragrance they gave off when heated not only made people feel good, but also cured his perennial insomnia.For this reason, he opened an essential oil treatment workshop Estrella Chœlus in a small town to treat anxiety, insomnia and depression by heating essential oil.Guests could not only enjoy the fragrance treatment in the store, but also they could buy back…
04/13/2021 -
IPFS Mining Tides, MEM Middle East Mining will build one of the world’s largest information storage service industrial parks
According to the Middle East News Agency, nine consortia including Saudi Sidra Capital, Olayan, Abu Dhabi’s sovereign wealth fund and UAE real estate company Al Ain Properties have jointly created a MEM-IPFS storage service industrial park, which can be called one of the world’s largest information storage service industrial parks. It is understood that MEM Middle East Mining was jointly built by nine consortia including Saudi Sidra Capital, Olayaan, Abu Dhabi sovereign wealth fund, and UAE real estate company Al Ain Properties, with a total investment of US$800 million…
Business 05/18/2021 -
Recap of Heroland Community Conference
Heroland Community Conference has successfully ended! Now let’s have a review about the whole conference! Introduction Metaease aims to gather the builders, designers, producers and users of the Metaverse through decentralized autonomous communities and further innovate on the basis of blockchain technology and game production technology, thus build a virtual world that blends with the real world, making it a Metaverse with complete economic cycle and social application value – Metaease will help individuals and organizations stand at the forefront of the future, establish the ultimate expression of the…
Digital Currency 01/20/2022