The token network protocol was hacked, causing Ethereum to plunge on Monday
2025-11-03 21:26:56
On November 4th, Ethereum fell as much as 9% on Monday, falling below the key support level of $3,600 and down about 25% from the high of $4,885 set on August 22nd. Before the ethereum crash, Ethereum-based decentralized financial protocol Balancer lost possibly more than $100 million in a hack. The breach is the latest in a series of bearish events over the past few weeks that have put digital asset investors on edge. Some digital asset-related stocks are also under pressure, with Coinbase down nearly 4% and Strategy down more than 1%.
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