Crypto Overview: A Hot Wallet Hack Costs Gamdom $3M, as Analysts Put 100x on Pepeto and Its $0 Bridge

Every crypto overview this week has to start with a site that went dark. Gamdom, a crypto, lost just over $3 million when hackers reached its hot wallet on October 13, Bitcoin.com News reported. Its tracked wallets held about $10.5 million on October 12. A day later, they held about $76,000. The lesson is an old one. Coins a company holds are only as safe as its servers.

Big coins moved only a few percent this week. Pepeto (https://pepetocoin.com) , a meme token presale whose bridge never holds your coins, has drawn over $11.2 million.

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Gamdom's Tracked Wallets Fall From $10.5M to $76K in One Day

The top crypto overview story began on October 13, when Gamdom spotted what looked like a failed disk. It turned out to be an outsider tied into one of its servers. Founder Felix Romer put the loss at just over $3 million, and The Crypto Times reported the same figure on October 15.

The site went offline and was still recovering two days later. Gamdom says user funds are safe, and it moved what was left into cold storage. For every trader, the real question is custody. Who holds the keys to your coins?

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Crypto Overview Picks After the Gamdom Hack: Pepeto, Polkadot and Bitcoin Cash

Pepeto: A $0 Bridge Where No Company Ever Holds Your Coins

Hacks like this show where small holders get hurt most. Their coins sit in a wallet someone else controls. Pepeto (https://pepetocoin.com) keeps that middleman out of one common move, sending coins between chains. Its bridge is live, and no company sits in the middle of a transfer. Its team pairs the cofounder of the original Pepe coin with a former Binance expert who now builds its code.

The bridge works on Ethereum, BNB Chain, Solana, Base and Arbitrum. You pick a token and a chain, and the move lands in under 60 seconds. One shown example took 41. Phantom and Solflare work on Solana, while MetaMask, Rabby and any WalletConnect wallet work on the EVM chains.

It uses lock and mint. Your tokens lock in an audited contract on the first chain. The same amount is made on the second chain only after proof of that lock is checked on chain. There is no wrapped IOU, and total supply stays the same on every chain.

No operator holds funds, and no person signs off on a transfer. If a move fails, the lock undoes itself and your tokens come back. Other bridges charge $15 to $50 a move and can take hours. A failed one can trap funds for good. Pepeto's bridge costs $0, plus network gas.

Supply is fixed at 420 trillion tokens across all chains. The presale's running total now tops $11.2 million. At $0.0000001901, with the price rising each stage, today's entry sits below every stage still to come. A Binance listing is approaching, and the 100x analysts project for Pepeto starts with that day.

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Polkadot Climbs 4.57% and Runs Past Its October Range

DOT trades at $1.13 on CoinMarketCap, up 4.57% in a day. On October 16, Peter Zhang at Blockchain.News wrote that the rally broke above Changelly's October range of $0.989 to $1.09. Resistance waits at $1.21, then $1.27, with support at $1.07. DOT still sits about 98% below its $55 record from November 2021. Its next wall is only 11% away.

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Bitcoin Cash Gains 25.4% in a Month, Three Times Bitcoin's Pace

BCH trades at $272 on CoinMarketCap, up 3.60% in a day. 24/7 Wall St reported on October 14 that BCH rose 25.4% in 30 days, against 7.1% for Bitcoin.

It now sits just above the $277.40 line Terrill Dicki flagged, and $293.20 is next. That is about 5% higher. Its $4,355.62 record from December 2017 is 15x away, a long climb for a $5.6 billion coin.

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Conclusion

This week's crypto overview had one hard lesson and two slow climbs. Gamdom lost $3 million from a wallet it held, while DOT and BCH edged up. Pepeto gives small holders a bridge where no company ever holds the coins. The Pepeto official website will price the next round higher than this one.

Large coins move in small steps. DOT's next wall sits 11% up, and BCH's about 5%. Pepeto aims at a single event, its listing, where analysts project 100x. Over $11.2 million is already in, and today's stage is the lowest price left.

Click To Visit Pepeto Website To Enter The Presale: (https://pepetocoin.com)

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FAQs

What is the most important crypto overview takeaway this week?

The biggest crypto overview takeaway is custody. Gamdom lost just over $3 million from a hot wallet it controlled, while DOT and BCH edged higher.

How does this crypto overview affect the Pepeto presale?

Pepeto runs a $0 bridge where no company holds your coins, with 100x projected by analysts once it lists. The Pepeto official website raises the price every stage.

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Disclaimer:

This material is provided solely to inform readers and should not be considered professional financial advice. Cryptocurrency investments involve unpredictable market fluctuations and significant financial risks, including the possibility of losing invested capital. Conduct proper due diligence or consult a licensed financial advisor before making investment decisions.

Contact: Dani Bonocci
Website: https://www.tokenwire.io
Phone: +971586738991
SOURCE: Pepeto

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