Risk

Binance has published preliminary results of the investigation into the $6.34 billion hack. The attackers used malware, fake interviews, and access to the company's internal systems. The Ethereum EIP-7702 mechanism allowed the withdrawal of funds to continue after operations were suspended. The exchange reported that 98% of the affected reserves have been replenished.

Moody's Analytics has included the cryptocurrency market crash among the most likely economic shocks in the next 12-18 months, although it assesses the impact on the real economy as limited. According to the company, four other risks are deemed more severe. The warning came two days before the Fed's decision.

BIPOLAR launches on Pump.fun in September.