Token network protocol hacked, Ethereum briefly plummets 9%

According to ChainCatcher, citing Jinse Finance, Ethereum dropped by 9% on Monday, falling below the key support level of $3,600, and is down about 25% from its August 22 high of $4,885. Before the sharp decline, the Ethereum-based decentralized finance protocol Balancer suffered losses that may exceed $100 millions in a hacker attack. This vulnerability is the latest in a series of bearish events over the past few weeks, causing digital asset investors to feel uneasy. Stocks related to digital assets are also under pressure, with one exchange falling nearly 4% and Strategy dropping more than 1%.