Massive losses in the crypto market due to cyber attacks

According to published reports, the cryptocurrency market has suffered

significant losses due to multiple cyber attacks

which included more than 20 different attacks across platforms

and protocols. According to reports, these attacks included

liquidity withdrawals and smart contract exploitation.

Losses have reached more than $127 million

in September alone.

UXLINK was the platform most affected,

with losses exceeding $44 million, followed by SwissBorg,

which suffered significant losses exceeding $40 million,

followed by the Venus Protocol, which lost more than $13 million.

Despite the heavy losses, Bitcoin has risen sharply over the past few days.

It is currently trading near $119,907.

The digital currency is expected to witness a strong rise in the coming period.

Therefore, it is recommended to look for buying opportunities 

in the event of a downward correction.