Cysic pauses its cross-chain bridge after an attacker minted tokens and transferred $727,000 to Ethereum
After a security incident, prices typically go through three stages:
1) Immediate reaction: As the news spreads, selling pressure is at its strongest;
2) Digestion: How large the loss is relative to market cap, and whether the stolen funds will enter the market;
3) Cleanup: The team’s response determines whether confidence returns.
$ETH is currently reported at 2369.71, down 1.59% in 24 hours. Don’t rush to buy the dip; wait until stage 2 becomes clearer.
After a security incident, prices typically go through three stages:
1) Immediate reaction: As the news spreads, selling pressure is at its strongest;
2) Digestion: How large the loss is relative to market cap, and whether the stolen funds will enter the market;
3) Cleanup: The team’s response determines whether confidence returns.
$ETH is currently reported at 2369.71, down 1.59% in 24 hours. Don’t rush to buy the dip; wait until stage 2 becomes clearer.