18 Dec, 2021
Cryptocurrency prices have plunged in the last 24 hours as investors panic – and some believe hackers are to blame.
Cryptocurrency has taken a battering on Sunday and into Monday – and some believe hackers are to blame.
At the time of writing, the top-ranked blockchain, bitcoin, was trading at $US38,179 ($A53,207), representing a drop of almost 5 per cent in 24 hours.
Other prominent cryptocurrencies were faring even worse, with BNB, Solana and Cardano crashing by between 6 per cent and 8 per cent.
A whopping $US300 million ($A418 million) has been lost as the market dropped in value in recent days.
And there’s an ominous explanation as to why.
A prominent NFT (non-fungible token) trading platform is concerned that the sudden price drop is a result of malicious actors hacking people’s accounts and leading to thieves stealing NFTs.