16 hours ago

Animoca Brands Founder’s X Social Media Account Hacked, Used To Promote Fake Solana Ecosystem Token

The co-founder of Animoca Brands, a leading firm in the blockchain gaming space, had their X social media account hacked and used to promote a fake Solana ( SOL ) token. In a new thread on the social media platform X, Animoca Brands – known for creating metaverse game The Sandbox ( SAND ) – says that founder and chairman Yat Siu’s X account was taken over by bad actors and used to endorse a fake token launch on Solana. “Unfortunately Yat Siu’s social media account has been compromised. There is no official token or NFT (non-fungible token) launch from Animoca Brands. The token launch on Solana as claimed in a post was made by the hacker. Please DO NOT engage with the account and stay vigilant. We will provide an update when the account is restored.” In a separate post on X, Mocaverse ( MOCA ) – the NFT collection of Animoca Brands that was said to be launching a token over SOL – says the ecosystem is safe and that better security measures are now in place. “We have confirmation that X has secured control of Yat Siu’s account and is now in the process of verifying true account ownership. The evidence seems to suggest that this was a case of stolen identity as the account had standard security implementations… There is no compromise on Animoca Brands, Moca Network or MOCA Foundation official handles, and there are strict security measures in place. As safety measures, all key members and official accounts have updated all authentications. No additional vulnerabilities or unauthorized activities were identified.” SAND and MOCA are trading for $0.561 and $0.327 at time of writing, respectively. According to blockchain investigator ZackXBT, Siu likely fell for the same phishing email scam that other blockchain executives were hit with earlier this week. “Update: Yat Siu (co-founder of Animoca) likely fell for the same phishing email a few hours ago as the scam token was deployed by the same address as the Kick and Vanar CEO ATOs.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Animoca Brands Founder’s X Social Media Account Hacked, Used To Promote Fake Solana Ecosystem Token appeared first on The Daily Hodl .

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Bitcoin Exchange Upbit Has Halted Deposits and Withdrawals in These Altcoins Due to Optimism Network Upgrade!

Upbit, a leading global cryptocurrency exchange, has announced the temporary suspension of deposit and withdrawal services for Metal (MTL), Lisk (LSK), Brett (BRETT), Carv (CARV), and Plian (PI) due to the upcoming Optimism network upgrade. Upbit Announces Temporary Suspension of Deposit/Withdrawal Services for MTL, LSK, BRETT, CARV, PI Due to Optimism Network Upgrade The suspension will begin at 22:00 KST on Thursday, January 9, 2025, and will remain in effect until the stability of the upgraded network is confirmed. The resumption of services will be announced in an official update. Affected Digital Assets and Services Deposit and Withdrawal: MTL, LSK, BRETT, CARV Withdrawal Only: PI (Note: PI is a delisted asset on Upbit and is only available for withdrawal). Reasons for Suspension The temporary suspension is necessary to ensure the security and stability of the platform during the Optimism network upgrade. Resumption of Services Once the network upgrade is complete and its stability is verified, Upbit will restore deposit and withdrawal services. Updates on the exact timing will be provided via official announcements. Important Notes for Users During the suspension period, deposit refunds for affected digital assets will be temporarily unavailable. Refunds will be processed sequentially once services resume. Deposits may experience delays due to network congestion. Additionally, discrepancies may occur between blockchain confirmations and deposit reflections. For any unforeseen wallet or network maintenance, transactions may experience delays and will only be processed after thorough post-maintenance verification. *This is not investment advice. Continue Reading: Bitcoin Exchange Upbit Has Halted Deposits and Withdrawals in These Altcoins Due to Optimism Network Upgrade! The Daily Hodl

Analysts warn Bitcoin will crash to $60,000

As it turned out by December 27, the trade-off for Bitcoin’s ( BTC ) 61% climb in November from about $67,000 to above $108,000 was an almost complete lack of a ‘Santa Claus’ rally ahead and during Christmas, which resulted in the coin changing hands at $96,273 at press time. BTC 6-month price chart. Source: FInbold Indeed, BTC performance in the last 7 to 10 days has been so lackluster that numerous cryptocurrency and on-chain analysts have started forecasting a significant plunge for the digital asset, even if many of them still see a longer-term rally. Analysts forecast Bitcoin flash crash as BTC rejects breakout above $100,000 A major trigger for the bearish prediction has been Bitcoin’s recent inability to find a stable footing above $95,000. The world’s premier cryptocurrency has spent much of the last week trading roughly in the range between $92,000 and $99,000 though most of the trading has been closer to the lower bound. Such a trend prompted Tone Vays, a derivatives trader and financial educator, for example, to forecast that, unless BTC manages to stably reclaim levels above $95,000, it could face a correction to $73,000. Peter Brandt, otherwise a staunch believer in Bitcoin’s strength, proved even more pessimistic as he hinted at a possibility the cryptocurrency’s next move could take it down toward $70,000. Hey trolls — this is not a prediction. Just always pointing out possibilities, not probabilities, not certainties. No screen shot is necessary $BTCA right angled broadening triangle could project back into the 70s and a test of the parabolic modality pic.twitter.com/n5sy6DxAMb — Peter Brandt (@PeterLBrandt) December 20, 2024 Brandt, however, reaffirmed his long-term optimism in the comments beneath the X post as he confirmed he still foresees an eventual rally above $130,000. Mark Newton, a director, and strategist at Fundstrat, similarly forecasted a retracement down to $60,000, though, again, the Wall Street analyst and advisory firm maintains a bullish 2025 price target for Bitcoin as the famous Tom Lee set it as high as $250,000 . Benjamin Cowen, the founder and CEO of ITC, mirrored the downturn prediction as he speculated BTC might mirror Invesco QQQ Trust and, thus, experience a flash crash to $60,000. Finally, Ali Martinez, the on-chain expert who compiled the other analyst forecasts for Bitcoin’s next move, opined that a significant short-term downturn is possible as the cryptocurrency is trading below ‘its most significant’ support zone at $97,300 and there are no logical stops between the support level $93,806 and $70,000. Bitcoin likely to set new records in 2025 despite December headwinds Despite the gloomy musings, the long-term picture remains generally optimistic for Bitcoin. Along with the aforementioned Peter Brandt – who believes in a long-term rally above $130,000 – and Tom Lee – who forecasted a climb to $250,000 in 2025 – the personal finance author Robert Kiyosaki estimated a surge to $350,000 and the digital assets lobbyist Perianne Boring opened up a possibility for a Bitcoin rocketing above $800,000 . Martinez himself, despite concurring that there is an imminent danger of a deep pullback, previously predicted that the most likely outcome of the current cryptocurrency market cycle is a BTC climb to approximately $220,000 before the next bear phase for digital assets. Featured image via Shutterstock The post Analysts warn Bitcoin will crash to $60,000 appeared first on Finbold . The Daily Hodl