CLINKSINK Drainer Campaigns Swipe Nearly $1M Worth Of SOL

In a recent report released by Mandiant, a threat intelligence and cybersecurity company, alarming details have emerged about the widespread exploitation of Solana users through a campaign known as CLINKSINK.  The report sheds light on the nature of these drainer campaigns, which have resulted in the loss of nearly $1 million worth of SOL tokens. CLINKSINK Campaign Targets Solana Investors According to the report, The CLINKSINK campaign, identified by Mandiant, involves malicious actors leveraging drainers – malicious scripts and smart contracts – to steal funds and digital assets, including non-fungible…

Former FTX customers seek crypto repayment amid current market rally

A group of previous FTX customers urges a U.S. court to modify the proposed repayment approach in their bankruptcy case.  The former customers contend that the current proposal unjustly excludes them from the significant increase in Bitcoin and other cryptocurrencies over the past year. Bitcoin is up by nearly 170% in a year, reaching $49,000 today for the first time in almost two years after yesterday’s historic ETF approval by the SEC. Over 80 individuals with their crypto assets locked in FTX have submitted objections to the plan. This plan…

Is Bitcoin Near Top Yet? What Glassnode’s Price Multiplier Model Says

Glassnode’s model for tracking the “price multiplier” effect for Bitcoin could provide some hints about whether the asset is near the top or not so far. Bitcoin Is Observing A Multiplier Effect Of 4-5x Right Now In a new post on X, the lead on-chain analyst at Glassnode, Checkmate, has discussed the “price multiplier” effect of Bitcoin. This effect refers to the fact that the capital that flows into the cryptocurrency is not always (in fact, most of the time) the same as the change reflected in the market cap.…

Analyst Predicts 47% Surge After Price Breakout

With the recent approval of Bitcoin exchange-traded funds (ETFs) injecting new inflows and igniting a sense of bullish sentiment in the market, Solana (SOL) is emerging as one of the top gainers in the past 24 hours.  The cryptocurrency has experienced a 4.5% surge, trading at $99, aiming to reclaim the significant $100 milestone lost during a recent deep correction. Solana Bulls Targeting $150-$165 Price Range  Solana, holding the fifth position among cryptocurrencies by market capitalization, could undergo a substantial price surge if the current upward momentum continues and successfully…