{"id":854,"date":"2022-08-06T06:37:10","date_gmt":"2022-08-06T06:37:10","guid":{"rendered":"https:\/\/solanacrypto.news\/2022\/08\/06\/solana-mass-hack-and-ripple-on-the-rise-2\/"},"modified":"2022-08-06T06:37:10","modified_gmt":"2022-08-06T06:37:10","slug":"solana-mass-hack-and-ripple-on-the-rise-2","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2022\/08\/06\/solana-mass-hack-and-ripple-on-the-rise-2\/","title":{"rendered":"Solana mass hack and ripple on the rise"},"content":{"rendered":"
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Watch: Solana mass hack and Ripple on the rise: The Crypto Mile Weekly Update<\/strong><\/h2>\n

US markets dipped after Nancy Pelosi’s visit to Taiwan<\/a>, but the escalating tensions with China failed to rattle the crypto<\/a>-ecosystem. However, two serious hacks have dented the reputation of the blockchain-based industry.<\/p>\n

On Wednesday, thousands of solana (SOL-USD<\/a>) wallets were drained of funds a day after a “crypto-bridge” called Nomad lost around $200m (\u00a3165.3m) in a hacker attack.<\/p>\n

The Crypto Mile’s Weekly Update checks in on the price movement of three blue-chip cryptocurrencies, ethereum (ETH-USD<\/a>), solana and ripple (XRP-USD<\/a>).<\/p>\n

Read more: <\/strong>Crypto live prices<\/strong><\/a><\/p>\n

Ethereum has failed to rise in the past week despite the upcoming merge<\/a>, and was down 0.57%, standing at $1,627 as of the time of writing.<\/p>\n

Solana dipped, suffering after the reputational damage of the latest hack. SOL was at $39.21, down 1.8% in the past week.<\/p>\n

However, ripple had an impressive week and was up almost 5% in the last seven days, at $0.37.<\/p>\n

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