How $300 Million Disappeared in Seconds
In an event that shook the world of cryptocurrency, more than $300 million of the cryptocurrency ethereum evaporated in mere seconds. And it was all at the hands of a single developer named “devops199.”
This incident is not the first-time cryptocurrency has been lost, hacked, or stolen, and it certainly won’t be the last. Here’s what went down. Back in July of this year, there was a theft of $32 million in ether from just three multi-signature wallets, which the community responded to by a marathon of coding and hacking efforts to secure another $208 million against further theft. The developer Parity had been fixing that bug, but in doing so left a flaw in its systems that allowed a single user, devops199, to take control of every single multi-signature wallet—by accident.
When devops199 realized what they had done, they immediately attempted to undo the damage by deleting the code which had transferred ownership of the funds. It didn’t work. Instead of returning the money, devops199’s panic move simply locked all the funds in those multi-signature wallets permanently, with no way to access them. And just like that, poof! $300 million was lost, permanently frozen, or whatever you want to call it.
So, What Happens Now?
One way to undo the damage is to pursue what’s known as a “hard fork” of ethereum, which would effectively ask 51% of the currency’s users “to agree to pretend that it had never happened in the first place.” In order for the hard fork to work, it would require a change to the code that controls ethereum, which would then have to be adopted by the majority of the user base. But there’s a big risk to this approach – if some of the ethereum community decides not to accept the change, it could split the community into two groups at odds.
It’s a risk, but it’s been pulled off before by the ethereum community, and chances are they will opt for it again in this case. But time will tell.
For some readers, this type of story may all that’s needed to steer clear of cryptocurrencies in general, but ethereum in particular. That’s understandable. But in reality, any interested investor should first conduct as much due diligence as possible, to learn everything you can about cryptocurrency before making an informed investment decision. Tickeron can help. You can use the resources on the website to learn more about cryptocurrency, and soon there will be Artificial Intelligence tools you can use to analyze patterns in the cryptocurrency markets to help you make investment decisions.
BTC.X's Stochastic Oscillator stays in oversold zone for 3 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 437 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 428 cases where BTC.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for BTC.X moved out of overbought territory on October 07, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 51 similar instances where the indicator moved out of overbought territory. In of the 51 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on October 10, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on BTC.X as a result. In of 139 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BTC.X turned negative on October 10, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 66 similar instances when the indicator turned negative. In of the 66 cases the stock turned lower in the days that followed. This puts the odds of success at .
BTC.X moved below its 50-day moving average on October 14, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BTC.X crossed bearishly below the 50-day moving average on October 17, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BTC.X broke above its upper Bollinger Band on October 02, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
Advertisement