Despite the incident occurring nearly five months ago, qklpjeth has only recently sought assistance from white hat hackers on social media platform X, after traditional recovery methods proved unsuccessful. The investor hopes that someone might identify a smart contract vulnerability that could enable the recovery of the lost funds. The crypto community has been responsive, with suggestions such as contacting the Renzo protocol to modify their token contract. However, qklpjeth had already reached out to Renzo, who were unable to assist due to regulatory constraints.
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Despite BTC’s 15% weekly gain, some traders are concerned about a potential reversal. Credible Crypto, a well-known analyst, reiterated his prediction of a sharp correction, targeting a dip below $50,000. He cautioned that altcoin and BTC prices might peak sooner than anticipated, signaling an impending “major leg down.”
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The disclosure of this investment was made public by Quiver Quantitative, a platform known for tracking financial activities of public figures. Collins' decision to invest in Ethereum, one of the leading cryptocurrencies, underscores the increasing acceptance and potential of blockchain technology in mainstream finance. As digital currencies continue to gain traction, investments from influential figures like Collins could further legitimize and boost confidence in the crypto market.
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