Cardano: 60.39M ADA Drained in 1,961 Transactions

Cardano suffered a suspected exploit that moved 60.39 million ADA through 1,961 separate drains, with the largest outflows reaching 4.26 million ADA, 3.64 million ADA and 3.22 million ADA, according to on-chain analyst @ItsDave_ADA.

The attacker’s opening transaction traces back to what appears to be a Binance account, raising the prospect of KYC-linked identification if the exchange cooperates with forensic tracing.

Price action on the 4-hour chart shows ADA trading at $0.15 inside the Bollinger Bands, with the upper band at $0.17 acting as immediate resistance while the lower band at $0.15 offers short-term support; the EMA50 at $0.16 and EMA200 at $0.19 remain firm overhead resistance in the prevailing bearish structure, and the RSI at 29.42 signals oversold conditions that could produce a relief bounce toward the 50-EMA before any sustained recovery attempt, while the MACD death cross continues to cap upside momentum.