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Monday, August 15, 2022

NIRV Faces Downfall In Price

NIRV has been one of the most famous stablecoins in the history of cryptocurrencies. They have been one of the leading coins in the last few years and have seen their prices go up gradually. Over the course of time, loads of investors have been attracted to the extremely lucrative coin. Unfortunately, all these facts are history at the moment. The cryptocurrency market is going through one of the toughest times at the moment. Most companies have suffered huge losses in the recent few months.

Renowned companies like Bitcoin and Ethereum also saw their prices go down. Apart from these downward trends, malicious attacks have also plagued a lot of companies. Hackers have become largely active during this time. The latest company to have fallen into this trap is NIRV.

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They suffered a huge attack recently that made the prices of their coins dip by as much as eighty-five percent. This was a high blow both to the company as well as to all the investors. They also reported losing $3.5 million in the process. The attack impacted and shook the company to a large extent. Let us learn more about the story in detail below. 

NIRV Attacked By Hackers 

NIRV has been attacked by hackers recently. The company made the news of the attack public and stated that the company lost eighty five percent of their prices. This attack also caused their native token ANA to go down by eighty five per cent as well. 

Experts stated that the attack have shook both NIRV and ANA significantly. As of now, neither of the coins had any value in the market. It remains to be seen how well the company copes up with the loss. 

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