Massive Bitcoin liquidation shake traders, after reports emerge JPMorgan Steps in with Blockchain Payment System
Bitcoin shorts worth $24 million were liquidated over a single day, resulting in substantial losses for traders. These liquidations affected 26,390 traders, totaling a liquidation value of $62 million. The largest single liquidation occurred on Bitmex, where a position valued at $5.15 million in Bitcoin was liquidated. This period saw the liquidation of both long […]
Decentralized Finance Protocol Zunami Falls Victim to Major Price Manipulation Attack
Blockchain security firm PeckShield has estimated that the Zunami Protocol suffered a loss of over $2.1 million in a recent attack on its stablecoin pools. The exploit was discovered by PeckShield on August 13th, with Zunami confirming the attack shortly after. The attack was attributed to a price manipulation issue. Ironblocks, another blockchain security firm, […]