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Hacked Cryptocurrencies Forever Stuck in Vortex of Eternal Pricelessness

Crypto NewsHackRegulation/Negotiation 4 Doug Martinez August 22, 2024

An illustration of an endless spiral vortex with various cryptocurrencies trapped inside it at different levels. The currencies are depicted as colorful balls that have lost their shape and size due to being stuck for so long. Some of them appear broken or fragmented while others seem intact but frozen in time, unable to escape the gravitational pull of the vortex. In the center of the spiral is a large void where one can see fragments of tokens with negative price impact scattered around it.

The crypto bros are at it again! They can’t even secure their own little toys. It’s like they expect us all to just sit back and watch as they recklessly throw our money around like confetti.

Source: cointelegraph

Nearly 80% of hacked cryptocurrencies never recover in price — Immunefi
https://cointelegraph.com/news/crypto-hacks-price-declines-report-2024
The majority of hacked cryptocurrencies are unable to recover from the exploit in terms of pricing, according to the latest onchain security report. Over 77.8% of hacked cryptocurrencies suffered sustained negative price impact six months after the hack. Moreover, 51.1% of hacked tokens saw over 50% price declines six months after the protocol was hacked, according to an Immunefi report shared with Cointelegraph. However, hacked protocols sustain most of the […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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