Ether falls 7% following a multimillion dollar hack of a decentralized finance protocol

Maria Sandu

Watch Daily: Monday - Friday, 3 PM ET Ether fell as much as 9% on Monday, slipping below its critical $3,600 support level, shortly after a multimillion dollar hack affected a protocol on the token's native network. The cryptocurrency, which is issued on Ethereum, was last down 6.6% at around $3,600, CoinMetrics data shows. That's roughly 25% off its high of $4,885 hit on August 22 . The coin's tumble came after Ethereum-based decentralized finance protocol Balancer on Monday lost possibly more

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