[ad_1]
“Your system hot wallet private key leak, you should change system hot wallet address and reduce the system hot wallet rate.”
Hackers accessed a Huobi hot wallet in late September, stealing 5,000 ETH. HTX announced a 5% white hat bonus to the hackers.
Sam Bankman-Fried Trial to Resume after a Bruising Start to Proceedings
Former FTX CEO Sam Bankman-Fried will return to court for the resumption of the US vs. Sam Bankman-Fried (SBF) trial.
Last week, FTX co-founder Gary Wang delivered damaging testimony. Under questioning, Gary Wang admitted committing crimes at FTX, naming Sam Bankman-Fried, Caroline Ellison, and Nishad Singh as co-conspirators. Significantly, Wang said they allowed Alameda Research to withdraw unlimited funds. Wang elaborated, saying that he wrote code, under the instruction of SBF, to grant Alameda Research access to FTX user accounts.
SBF lawyers will likely cross-examine Wang before the prosecution moves on to new witnesses. Former CEO of Alameda Research Caroline Ellison may testify against SBF this week. Ellison agreed to give testimony against SBF as part of a plea deal with the US Department of Justice.
As the trial progresses, the crypto community may attempt to distance themselves from SBF.
Amicus Curiae attorney John E. Deaton had this to say about SBF and SBF sympathizers,
“People who believe SBFraud is a good guy who made mistakes, and FTX grew too fast, and it all got away from him, should NEVER be in charge of other people’s money, and certainly, should never be interviewed by 60 Minutes or any other news outlet. And yes, his parents are 100% complicit.”
Technical Analysis
Bitcoin Analysis
BTC sat above the 50-day and 200-day EMAs, affirming bullish price signals. The 50-day EMA pulled further away from the 200-day EMA, reaffirming a bullish trend.
A BTC move through the $28,187 resistance level would support a run at the October high of $28,593.
However, a break below the EMAs would give the bears a run at the $26,755 support level.
BTC-spot ETF-related updates and SEC v Coinbase (COIN) and Ripple case-related news would offer direction.
The 14-Daily RSI reading of 61.14 indicates that BTC could move through the $28,187 resistance level before it enters the overbought territory.
[ad_2]
Source link
