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Today in crypto, blockchain investigation firm PeckShield revealed that September crypto hacks exceeded $120 million, with centralized exchanges accounting for more than half of the total losses. Crypto exchange Gemini has informed its Canadian users it is set to close all customer accounts by the end of the year. Meanwhile, EigenLayer’s token unlock is scheduled to take place at 5:00 am UTC on Oct. 1 — and analysts predict it will be a bullish debut for the token.
September crypto hacks surpass $120 million, centralized exchanges hit
Cumulative losses from cryptocurrency hacks exceeded $120 million in September, marking 2024’s second-lowest monthly loss from hacks after April, according to PeckShield.
Centralized exchanges remain frequent targets for crypto hackers, leading to significant losses month after month. In September, crypto exchanges BingX and Indodax accounted for more than half of the losses.
September saw a 61.7% decrease in losses from hacks compared with August, when the crypto ecosystem lost nearly $314 million. Of the two crypto exchanges hacked in September, BingX recorded the highest loss of $44 million, while Indodax lost $21 million.
Crypto exchange Gemini to close all customer accounts in Canada
Winklevoss-founded crypto exchange Gemini is set to close all customer accounts in Canada by the end of 2024.
In a Sept. 30 email sent out to Canadian users of the exchange, Gemini said it would close all accounts in Canada by Dec. 31 and told users they had 90 days to withdraw assets from the platform.
“Effective December 31, 2024, Gemini will close all customer accounts in Canada with limited exceptions. As a result, we will be closing your Gemini account,” wrote the exchange in its email.
EigenLayer token unlock looms
The token unlock for Ethereum restaking protocol EigenLayer is scheduled to take place at 5:00 am UTC on Oct. 1.
EigenLayer’s native token, known as EIGEN, has been nontransferable since its launch in May. Futures markets imply an opening price of around $4 per token, which signals a bullish debut for the token.
“Most likely scenario is airdrop farmers dumping weighs on the price for a bit, but I think there will be a lot of interest in picking up cheap EIGEN for the rest of the cycle,” said Alpha Please’s pseudonymous founder Aylo.
With a total token supply of 1.67 billion, EIGEN’s fully diluted value could reach $6.7 billion during its debut.
As of Sept. 30, EigenLayer had nearly $12 billion in total value locked, according to DefiLlama data.
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