Ether fällt nach einem millionenschweren Hack eines dezentralen Finanzprotokolls um 7 %

tldr; Ether fell as much as 9%, dropping below $3,600, following a hack of the Ethereum-based decentralized finance protocol Balancer, which reportedly lost over $100 million. This event adds to recent bearish trends in the crypto market, including macroeconomic factors like U.S.-China trade tensions and Federal Reserve comments on interest rates. The hack and broader market volatility have led to a sell-off in digital assets, with related stocks like Coinbase also experiencing declines.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Hey. Crypto journalists. Put the fucking name of the coin that actually hacked in the title instead of throwing another more popular coin’s name in the dirt.

Balancer. That’s the coin that was hacked. It is on the Ethereum network, but Balancer’s entire locked value is $750million, and while the exploit did take $100million worth of Ethereum, that’s still significantly less than the -$10billion attached to Eth’s drop in the last 24 hours.