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Post

GoldMedalLecturer

2026-10-29 22:14:56

Gold Medal Finance🎖️The major crash arrived as expected

‼️Reason for the crash: A major exchange’s hot wallet was allegedly hacked
On-chain analytics platforms flagged abnormal outflows from multiple hot wallets belonging to the exchange, totaling $2.77 billion to $3.5 billion
The outflows involved 5 blockchains and more than 60 tokens, with funds flowing to new addresses linked to the mixer Tornado Cash
The exchange has not officially confirmed this yet, which is key
The news triggered panic selling as it spread, and the market saw cascading liquidations

View Original

This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.

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Comment

MacroShell

21 minutes ago

New address linked to Tornado, a textbook hacker operation

00View Original

LatencyMonk

2 hours ago

The hot wallets of leading exchanges sound like a dark joke

00View Original

SolidityBookworm

2 hours ago

Can every hot wallet be stolen? Is this risk management made of paper?

00View Original

ArbitrumResident

2 hours ago

Waiting for an official announcement; for now, it’s all on-chain sleuths speculating.

00View Original

BearishObserver

2 hours ago

Five public chains had incidents at the same time—this was an outsourced job by insiders, right

00View Original

CrossChainMailman

2 hours ago

Panic selling is hitting harder than my ex

01View Original

BlurBidder

2 hours ago

$2.7 billion just vanished like that, and suddenly the three digits in my wallet don’t hurt so much

01View Original

CommunityWatchman

2 hours ago

More than 60 tokens wiped out in one fell swoop—this exchange might as well rename itself the Leaky Sieve

01View Original

0xLateBreakfast

2 hours ago

Tornado Cash is back on the scene, and I know this script by heart

01View Original

uhjhsoshs

2 hours ago

Waiting for more updates 🍿

01View Original

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