The post Whitehat developer unlocks $2 million stuck in a 2016 Ethereum ICO contract for nine years appeared on BitcoinEthereumNews.com.
A security researcher who goes by 0xflorent worked with the team behind a 2016 Ethereum (ETH) ICO contract to unlock about $2 million in ether that had sat trapped for nine years, in a coordinated whitehat recovery that exploited an integer-overflow flaw the original developers had never patched. The contract belongs to HongCoin, a 2016 token sale that fell short of its funding goal and was supposed to auto-refund investors’ ether but failed to do so because of a bug in the refund function. 0xflorent’s path unfroze 1,003.62 ETH, with 48 original investors now eligible to claim. Two have done so, retrieving a combined 96.5 ETH worth roughly $193,000, he said in an X thread Sunday. First white-hat exploit on Ethereum: I unlocked 1,003.62 Ξ ($2,000,000) trapped in a 2016 ICO smart contract for 9 years. The 48 original investors can now claim their funds.
The post The Nine-Year Wait Ends: Stagnant ETH Unshackled from 2016 ICO appeared on BitcoinEthereumNews.com.
A forgotten trove of nearly $2 million in ether (ETH), trapped for nearly a decade after the ill-fated 2016 HongCoin Initial Coin Offering (ICO), has been liberated thanks to the expertise of a security researcher known as 0xflorent. By pinpointing and exploiting an integer overflow flaw in the outdated smart contract, 0xflorent facilitated the recovery […] Continue Reading:The Nine-Year Wait Ends: Stagnant ETH Unshackled from 2016 ICO Source: https://en.bitcoinhaber.net/the-nine-year-wait-ends-stagnant-eth-unshackled-from-2016-ico
The post BNB Pulls Well Ahead of XRP Market Cap appeared on BitcoinEthereumNews.com.
The current state of the top 10 HYPE flips DOGE BNB has pulled well away from its historical rival XRP to firmly entrench itself as the fourth-largest cryptocurrency by market capitalization. The current state of the top 10 Bitcoin maintains its absolute dominance at the apex of the market with a valuation of over $1.46 trillion. It is followed by Ethereum at $240.9 billion and the Tether (USDT) stablecoin at $187.9 billion. BNB has claimed a commanding lead with a total market capitalization of $93.99 billion, trading at $696.19 after a 6.1% weekly push. XRP has been left behind in the fifth-place spot. The Ripple-linked token boasts a market capitalization of $81.90 billion. This leaves a massive $12 billion gap between the two assets. Ripple Releases 1 Billion XRP, How Many Are Left? Another Shiba Inu (SHIB) Recovery Attempt, Bitcoin (BTC) Reaches ‘Oversold’ State, First Near Protocol (NEAR) Su
The post Markets Diverge: Nasdaq Soars to Records While Bitcoin (BTC) ETFs Bleed $2.97B appeared on BitcoinEthereumNews.com.
TLDR Spot Bitcoin ETFs in the United States experienced an unprecedented 10-day withdrawal period, shedding $2.97 billion from May 15 through May 29 Bitcoin dropped 4.6% across seven trading days, settling at $73,397; major altcoins including Ethereum, Solana, and Tron similarly retreated Equity markets reached unprecedented levels fueled by Nvidia’s expansion into portable computing and SoftBank’s artificial intelligence portfolio gains Crude oil surged past $93 per barrel as diplomatic negotiations with Iran stagnated and shipping route concerns intensified Hyperliquid’s HYPE token bucked the trend with an 18.7% weekly surge, supported by its newly launched ETF’s unbroken inflow streak Digital assets faced significant headwinds throughout the previous week as spot Bitcoin exchange-traded funds in the United States logged their most extended withdrawal period ev
The post Ethereum’s Subtle Strategies: Monitoring Key Levels in a Volatile Market appeared on BitcoinEthereumNews.com.
Ethereum has recently shown lackluster performance, recording a 12.5% decline against a backdrop of predominantly stable major cryptocurrencies. Notably, its current valuation hovers just under $2,010, reflecting a descent beneath the critical 100-hour simple moving average. Continue Reading:Ethereum’s Subtle Strategies: Monitoring Key Levels in a Volatile Market Source: https://en.bitcoinhaber.net/ethereums-subtle-strategies-monitoring-key-levels-in-a-volatile-market
The post Top 10 NFT Sales Of The Week, $X@AGI BRC-20 NFT Sold For $1.88M appeared on BitcoinEthereumNews.com.
The NFT sector keeps displaying diversity and resilience, with leading blockchains witnessing notable sales across digital assets and collectibles. Throughout the past week, Ethereum, Bitcoin, and Polygon have maintained their leading position in the NFT landscape. As per the data from CryptoSlam, irrespective of the fluctuations in sales, the buyer engagement has increased. This reportedly indicates sustained interest in the world of digital collectibles. #1a7dad…ae24i0 Dominates Weekly NFT Sales with $1,888,424 The latest market data discloses that the Bitcoin-based “$X@AGI BRC-20 NFTs” collection’s “#1a7dad…ae24i0” has emerged as the top NFT sale. The NFT sale resulted in the collection of $1,888,424 6 days ago. Additionally, the Ethereum-based NFT collection “Flying Tulip PUT” has effectively gained the 2nd position on the list of the week’s key NFT sales. Its NFT “#6595” w
The post Ethical Hacker Frees $2M in Ethereum Trapped Since 2016 ICO Failure appeared on BitcoinEthereumNews.com.
Key Points Security expert “0xflorent” successfully freed approximately 1,003 ETH (valued at roughly $2 million) from a 2016 HongCoin ICO smart contract after nine years An error in the contract’s refund mechanism prevented investors from withdrawing their ETH when the ICO failed to meet its fundraising target The researcher collaborated with HongCoin’s team to leverage an integer overflow flaw in an administrative function to release the locked assets 48 initial investors are now able to retrieve their ETH; two participants have already withdrawn 96.5 ETH (approximately $193,000) The researcher accepted no compensation — only voluntary “whitehat rewards” from grateful investors A cybersecurity expert has successfully released approximately 1,003 Ether valued at around $2 million that remained trapped in a 2016 ICO smart contract for almost ten years. The cryptocurrency bel
The post Ethereum Price Breaks $2,000 Support While Bearish Sentiment Drives ETH to Lower Targets appeared on BitcoinEthereumNews.com.
Ethereum ($ETH) has officially broken below its highly watched $2,000 psychological support zone. As the broader digital asset ecosystem faces renewed selling pressure, the second-largest cryptocurrency by market capitalization is struggling to find stable ground. While the drop past $2,000 represents a significant blow to short-term bullish momentum, historical chart structures suggest that a much stronger floor awaits lower on the horizon. Traders are now shifting their attention to the $1,800 level as the next key defensive zone for buyers. Technical Breakdown: Analyzing the ETH/USD Weekly Chart According to the weekly ETH/USD chart, Ethereum has entered a clear short-term bearish phase following a multi-week rejection from higher macro levels. 1. The Fall of the $2,000 Pivot Zone The $2,000 price point is more than just a horizontal support line; it
The post Ethereum (ETH) Price: Historical Trends Signal Potential Decline to $1,800 Before Recovery appeared on BitcoinEthereumNews.com.
Key Takeaways Ethereum has declined 12.5% over the last 30 days, underperforming the top 5 cryptocurrencies Historical data shows June has brought negative returns for ETH in 7 out of the past 10 years ETH faces difficulty maintaining the $2,000 level, with $1,800 identified as critical support Futures open interest reached an unprecedented peak of 15.98 million ETH on May 27 Technical analyst Ali Charts identifies $1,825 as a strategic entry zone with targets at $2,073 and $2,360 Ethereum has experienced significant downward pressure recently. Over the past month, ETH has shed 12.5% of its value, positioning it as the weakest performer among the five largest cryptocurrencies by market capitalization. Ethereum (ETH) Price As competing assets such as BNB and Hyperliquid capture market interest through fresh ETF product launches in the United States, Et
