A stolen iPhone, $14,000 in losses and London's crypto theft problem
0Importance
closedStatus
1News media
- Published
Key claims & sources
Summary in preparation.
Market reaction i
Total crypto marketall crypto assets combined
no single asset in the event: read against the whole market
The total crypto market barely moved in the 4 hours after the first headline, after rising 0.2% in the 2 hours before.
$2.6T
market cap at the headline
+0.2%
2 h before
0.0%
4 h after
+0.2%
12 h after
First headline
47 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
CoinDesk
scoop
Oct 31 16:09
Breaks the event
Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 31 days ago | BitBay StableVault · Smart contract vulnerability incident | $14k |
| 2 months ago | GebProxyActions · Smart contract vulnerability incident | $14k |
| 1.7 years ago | UNI · Logic flaw incident | $14k |
| 2.0 years ago | Sweepr Token (SWEEPR) · Contract vulnerability incident | $14k |
| 2.4 years ago | OKX NFT Aggregator · Improper Access Control incident | $14k |
4285 incidents stored · 2024 were as large as this one or larger ($14k)