Tron, IOTA, EOS, Stellar Lumens and Litecoin Price Technical Analysis (June 4, 2018)
Besides Tron which is still struggling in the loss territory, all coins under our radar are in the green. We can begin with EOS which is up 22 percent all thanks to the pump during mainnet launch and to some degree Stellar Lumens which is up 12 percents for the week. Litecoin is also on the positive territory where risk off traders can add on to their gains with stops at around $115. Regardless of weekend’s events, buying Tron at current prices can be a good bargain.
So, if anything, I don’t understand why EOS hack is not making headline news. It’s investors who are said to have lost millions of dollars worth of EOS and ETH all through Zen Desk vulnerability. The latter provides email support for Block One, the parent company of the now independent EOSIO.
It is said that hackers found another weakness at the email provider, sent messages to investors and used the same information to siphon out coins belonging to unsuspecting and genuine investors. At the moment of this reporting, EOS has temporarily suspended Zen Desk services because of this unfortunate situation. This is not the first time holes have been found in EOS. After 360 and a couple of other vulnerabilities, news that investors are now losing money in a network that Nick Szabo did criticize should raise high brows.