Cryptocurrencies have taken huge losses this year (Getty)
trendy world Cryptocurrencies Towards a new and worse turn this year, after it was revealed that nearly $ 100 million in Binance coin was stolen, in the latest hack to strike digital assets This year, while some 12,100 encrypted codes have turned into a “zombie” after the heavy losses they suffered, as they were not dead and not fully alive, according to a report by the US agency Bloomberg.
Zhang Bingchao, co-founder and CEO of Binance, the world’s largest cryptocurrency exchange, said on Twitter on Friday that “a transition bridge between blockchains has been breached and the problem has been contained.”
But a technical source claimed that the hack included digital tokens worth between $ 100 million and $ 110 million, adding that at least $ 7 million of the stolen funds were frozen.
Cryptocurrency hacks have cost nearly $ 2 billion this year, and many of these hacks have been perpetrated by groups linked to North Korea.
The Binance ecosystem is among the most attacked and Zhao said on Twitter: “In any case, the cryptocurrency exchange Binance will hedge the money that hackers will be able to get away with.”
The cryptocurrency industry was hit in a row by hacks on the one hand and the massive collapse that wiped out nearly $ 2 trillion from the value of digital assets.
During the rapid rise in cryptocurrency prices last year, thousands of cryptocurrency startups issued new tokens to support these projects and the bullish sentiment meant that there was significant demand allowing the market to absorb most of them and that the increases prices continued.
But that all changed this year as macroeconomic conditions began to pull investors away from risky assets and token prices dropped dramatically.
Larger tokens, such as bitcoin and ether, collapsed before finding support. But for many currencies he has turned into a “zombie”, according to Bloomberg.
“During the 2021 bull market, there was a lot of money, interest and liquidity for new and existing projects, but in the current bear market, cryptocurrencies are struggling to maintain their operations and even lose the ability to raise capital and finance.
