The cryptocurrency market is reeling from significant liquidations and security concerns. FTX and Alameda wallets have transferred $24 million in assets to exchanges. The KyberSwap exploiter has been linked to a $50 million movement in HXA tokens, raising serious security concerns. The HTX exchange, associated with Justin Sun, has suffered a $258 million net outflow following a $30 million exploit. In the past hour, the market has seen a liquidation of over $280 million in long positions, including $267M worth of longs and $76.23M of BTC longs, indicating an exodus of overleveraged bulls and leading to sharp market declines.
The cost of holding long positions in perpetual futures tied to major cryptocurrencies, including $BTC, has normalized, indicating an exodus of overleveraged bulls. Reports @godbole17. https://t.co/EZi97GIYO4
Crypto exchange @HTX_Global has witnessed some $258 million in net outflows in the weeks following a $30 million exploit on Nov. 22. https://t.co/XFfaqg2u0f
The crypto market has fallen sharply in the past hour, with ETH falling by more than 4%, and 24-hour declines such as FLOW CRO APETHETA XTZ NEO TON KAVA PYTH all falling by more than 10%. In the last hour, the total liquidation exceeded $283m, and the liquidation of long orders…
BREAKING: $281 million liquidated from crypto markets over the past hour. https://t.co/vFOKXXnRLM
$280M was liquidated in the past hour Don’t be that guy who panics and jeets out of their positions right before the biggest bull run we’ve ever seen scared money don’t make money https://t.co/k7YTi3VNtu
$280M liquidated in last 1 hour
JUST IN: OVER $280 MILLION WORTH OF #BITCOIN & CRYPTO LONGS HAVE BEEN LIQUIDATED IN THE PAST FEW MINUTES
BREAKING: $76.23M OF $BTC LONGS HAVE BEEN LIQUIDATED IN THE PAST HOUR https://t.co/aIslZ5Wipd
BREAKING: $267M WORTH OF LONGS ON CRYPTO HAS BEEN LIQUIDATED IN THE PAST HOUR https://t.co/8jKYDWMiH0
JUST IN: $150 million liquidated from the crypto market in the past 45 minutes.
The HTX exchange, a crypto trading platform linked to China-born industry mogul Justin Sun, has suffered a $258 million net outflow since resuming operations after suffering a major hack https://t.co/nEN1zJsJ9l
The HTX exchange, a crypto trading platform linked to China-born industry mogul Justin Sun, has suffered a $258 million net outflow since resuming operations after suffering a major hack https://t.co/qRYq4ZrVFl
The HTX exchange, a crypto trading platform linked to China-born industry mogul Justin Sun, has suffered a $258 million net outflow since resuming operations after suffering a major hack https://t.co/j1kC2Z5mRp
The KyberSwap exploiter is now linked to a $50M movement in HXA tokens. Cyvers reports these funds were spread across various accounts, raising significant security concerns in the DApp space. https://t.co/08RFKECnnK
$24 Million in Assets Transferred from FTX and Alameda Wallets to Exchanges https://t.co/OfTCADSwZD