Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, the fallout from yesterday’s Balancer exploit continues as onchain data appears to suggest a months-long sophisticated attack, market sentiment took a dive on Tuesday as Bitcoin dipped, and crypto exchange-traded products saw $360 million in outflows last week.
The onchain transactions of the exploiter behind the $116 million Balancer hack point to a sophisticated actor and extensive preparation that may have taken months to orchestrate without leaving a trace, according to new onchain analysis.
The decentralized exchange (DEX) and automated market maker (AMM) Balancer was exploited for around $116 million worth of digital assets on Monday.
