CoinEx Hacked: $54 Million In Crypto Lost; What Next for $ETH, $XRP, and $DOMI?

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The web3 industry is no stranger to cyberattacks, and the most recent victim is CoinEx, a major crypto exchange. Analysts are trying to predict the damage of these attacks on the crypto industry. Ethereum ($ETH) and Ripple ($XRP) seem to have sustained their bullish trajectory. However, investors say the best crypto to buy for reliable ROI is Domini.art ($DOMI). Keep reading to see expert opinions and forecasts on these tokens.  

Hackers Steal $ETH Tokens in CoinEx Exploit

On September 12, CoinEx (one of the world’s best cryptocurrency exchanges) suffered a cyberattack that resulted in $54 million of missing funds. The exchange posted on X saying, “Our risk control system detected anomalous withdrawals from several hot wallet addresses used to store CoinEx’s exchange assets.”

According to reports from Cyvers alerts, about $18.12 million worth of $ETH tokens were stolen in this hack. However, $ETH still recorded a 6.40% price surge within this period. On September 11, the token traded at $1,578. By September 18, $ETH was trading at $1,658.

CoinEx has offered a generous bug bounty to the hackers, and analysts say $ETH may remain bullish if they decide to negotiate instead of dumping the tokens. Ethereum is the undisputed leader of top altcoins with a market cap of approximately $200 billion, and some experts have argued that a $18 million dump is unlikely to affect the token’s price.

Experts Predict a Ripple-SEC Settlement

Recently, Zach Rector, a crypto expert on X, gave reasons why the Ripple vs. SEC case may likely be settled instead of going to trial. In a three-minute video tweet on X on September 18, Rector explained that the SEC would like to avoid a scenario where Ripple calls a witness like Steven Nerayoff to testify.

According to reports, Neyaroff is an ‘Ethereum ICO insider’ who claims to have first-hand knowledge of the commission’s bias. Other crypto investors also share Rector’s view, and as a result, $XRP surged in September.

On September 11, $XRP traded at $0.4728. The token surged 7.10% a week later and is trading at $0.5034 on September 18. Analysts say $XRP will surge in Q4 2023 due to a growing positive sentiment in its investor community.

$DOMI Emerges as the Best Crypto Investment in 2023

Domini.art is an innovative art marketplace that leverages blockchain technology to allow democratized ownership of prestigious artworks. The platform tokenizes blue-chip artworks into popular NFTs and lists them on Domini.art’s marketplace. As a result, art investors can own fractionalized shares in multiple high-end artworks by purchasing these tokenized NFTs.

You can choose the artwork yourself or follow personalized recommendations on the platform. Domini.art offers expert guidance to investors by providing in-depth market research, enhanced customer support, and due diligence on emerging artworks.

$DOMI is in its first presale stage, and the token is selling for $0.002625. When all presale stages end, the token will list on major crypto exchanges and sell for $0.015400. This price action will deliver a massive 487% ROI to early investors.      

For Info about $DOMI, visit the Domini presale or Join the Community

*This article was paid for Cryptonomist did not write the article or test the platform.