Privacy protocol Umbra shuts front end to stifle Kelp exploiters

Burns Brief

Umbra has shut down its front end to stop hackers, but says it can’t stop the use of its smart contracts or another version of its open-source front end The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.