The cryptocurrency market downturn seen over the weekend, which saw the price of bitcoin plunge from a near $57,000 high to under $43,000 overnight, may be tied to institutional selling. Bitcoin’s price has since recovered to trade at $48,250.
Centralized cryptocurrency exchange Bitmart lost $196 million in various cryptocurrencies in what the CEO confirmed was a “security breach.” One of Bitmart’s addresses shows outflows of entire token balances to an address labeled by Etherscan as the “Bitmart Hacker.”
Cryptocurrency lender Celsius Network has confirmed it lost funds in the recent hack of decentralized finance (DeFi) platform BadgerDAO. During an ‘Ask Me Anything’ (AMA) session, the firm’s CEO Alex Mashinsky acknowledged that the heist affected Celsius.
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Top stories in the Crypto Roundup today:
- Institutions Took Crypto Profits Ahead of Market Downturn
- Crypto Exchange Bitmart Hacked for Nearly $200 Million
- Celsius Network Loses Millions in BadgerDAO Hack
- Crypto Market Movers – LUNA, ROSE, STX
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