Did You Know that Even Vitalik Buterin’s X Account Hacked To Promote Phishing Link? Hacking social media accounts, especially X accounts is not new that scammers use to promote scams. It happened before. But when you see top high-profile individuals' social media accounts are compromised, that is seriously concerning. Ethereum co-founder Vitalik Buterin’s X account was hacked and victims already lost more than $691,000. Vitalik's father Dmitry Buterin warned people about…
Vitalik Buterin's X Account Hacked By SIM-swap Attack Ethereum co-founder Vitalik Buterin regained control of his X account and talked about how it happened. It was a SIM swap attack. Criminal actors did social engineering and manipulated T-Mobile to gain control of his phone number. Then scammers got access to his X account and promoted phishing links. Vitalik got control of the T-Mobile account first to recover his X account. You do not use your phone number for 2FA.…
Thai Authorities Arrest Five Suspects Involved In $27 Million Crypto Scam If scammers think of facing the consequences of scamming other people, they will think twice before doing anything. Criminal actors see how easy and fast it is to make a lot of money from crypto scams. And they think they will get away with it after committing crimes. The concerned authorities in Thailand have arrested five individuals who are involved in a fraudulent crypto investment platform. It…
CoinEx Lost $55 Million Worth Of Crypto Assets In Hack Crypto exchange CoinEx lost more than $55 million worth of crypto assets. Initially, the total loss was estimated over $27 million. Now it has reached over $55 million. People have different questions about how the crypto exchange was hacked, who was behind this attack, and so on. CoinEx called it a security incident. Some experts detected the unusual outflow of funds from CoinEx. Cyvers Alerts tweeted about this and…
Huobi Is Now HTX Crypto exchange Huobi is celebrating its 10th anniversary and that's great. It has rebranded from Huobi to HTX. Now HTX is this exchange's new name. Doesn't it sound like FTX - the bankrupt crypto exchange? Rebranding and changing its name raises criticism in the crypto community. So what does HTX stand for? H represents Huobi and T represents Tron blockchain. X stands for exchange. There are other interpretations of HTX as well. HT implies the crypto…
Are North Korean Hackers Turning To Russian Exchanges to Launder Crypto? Hacks and exploits of crypto platforms are on the rise. A common name comes up over and over behind major hacks in the crypto space. That's North Korean hackers notorious Lazarus Group. After successfully hacking into any exchange, DeFi protocol, and wallet, they steal crypto assets. What happens to those stolen crypto assets later? Chainalysis made its analysis and according to the report, North Korean…
Mark Cuban Lost $870K In MetaMask Wallet Hack Mark Cuban, an investor, entrepreneur, and owner of the Dallas Mavericks, lost $870K from one of his hot wallets becoming a victim of a crypto scam. Crypto detective WazzCrypto first noticed this and shared it on X. Then more people started talking about this. WazzCrypto detected suspicious activities on Cuban's MetaMask wallet on EtherScan. That wallet was inactive for almost six months and suddenly transferred all crypto to a…
Don't Fall For Fake Elon Musk Crypto Giveaway Scams On TikTok We usually see fake crypto giveaway scams on X (Twitter,) YouTube, and Instagram. Now scammers promote crypto giveaway scams on TikTok heavily. Criminal actors draw the potential victims' attention by showing celebrities' videos. When you get something for free by participating in crypto giveaways, you think that's good and it will not hurt you in any way. BleepingComputer revealed about fake Elon Musk crypto…
Crypto Exchange JPEX Is In Trouble How much fee do you pay for withdrawing crypto from exchanges? You usually pay a small amount as a fee. It is negligible what users pay as a fee. The withdrawal fee can vary based on which network you are using and which crypto you are going to withdraw. But you have never imagined paying an extremely high fee like 99%. You will basically stop withdrawing crypto from the crypto exchange. If you pay so much fee to withdraw cryptocurrencies,…
Discord Crypto Trading Bot None Trading Shuts Down When you get a service to trade cryptocurrency and NFTs on Discord, that's great. If you spend so much time on Discord, maybe you like to trade sometimes over there. Unfortunately, None Trading, a trading bot on Discord for trading crypto and NFTs, shut down its operation due to a critical exploit. None Trading lost a significant portion of its funds in this attack. Moreover, they lost team tokens which are important to run…
DeFi Protocol Linear Finance Exploited and LUSD Stablecoin Value Dropped To Zero Decentralized Finance protocol Linear Finance was under attack and attackers exploited the protocol that caused to fall the LUSD stablecoin value dractically. The Linear Finance team tweeted about this attack on social media X. They requested people not to buy and trade LUSD. This is not expected but it happened. Now that's reality. The attackers exploited the vulnerability of the Linear Finance…
Mixin Network Hacked and Lost $200 Million Crypto Assets Mixin Network has become the latest victim of hacks. It is a decentralized peer-to-peer network for digital assets, Due to this attack, this crypto platform lost $200 million worth of crypto assets. If something is centralized, the risk is usually higher to becoming a victim. As soon as people hear the word decentralized, they think it is more secure and safe. So how did the attackers attack this crypto platform? If…
Crypto Exchange Huobi Global Hacked for $7.9 Million Crypto exchange Huobi Global, newly branded HTX, was hacked and hackers were able to drain $7.9 million from its wallet. According to crypto security firm CyberAlerts, the attackers compromised one of the HTX's hot wallets in some way and then stole 5,000 ETH worth around $7.9 million. HTX sent a message to the attackers in Chinese quickly noticing the hacks and stealing the funds from its wallet. In the message, they…
Are You Trading Or Investing In Crypto? You buy crypto to make money. You take entry into the crypto market and hit the buy button whether you invest in cryptocurrency or trade cryptocurrency. Looks like investing and trading in crypto is the same, but it is not. Have you ever asked yourself whether you are trading or investing in crypto? Maybe you want to do trading, so you buy crypto. Somehow you cannot take profit and exit or take the loss and exit your position. You end…
Is There Any Link Between Online Scams and Human Trafficking? You lose your crypto assets and money falling for online scams. People who are involved in any scams are bad guys. Bad actors launch their attacks and hurt other people financially. Do scammers do this willingly or unwillingly? Of course, there are many scammers who scam and hurt others financially willingly. Unfortunately, there are people who have no intention to do scams but are forced to do that. They fall for…
Wyre Shutting Down Its Operation San-Francisco-based crypto payments platform Wyre decided to shut down its operation after running it for 10 years. They started their journey back in 2013. It supports fiat and crypto transactions that can be used to make payments for crypto. It is stated that there is no regulatory pressure and the reason for winding down its operation is the market conditions. The crypto market shows how tough it could be in a bear market. Many businesses…
Binance.US Makes Partnership With MoonPay If you don't get easy access to transfer fiat into crypto and vice-versa, that is a problem. You want to trade cryptocurrency in the crypto exchange or invest in crypto, but dealing with issues on ramps and off ramps crypto will discourage you. Binance US has made a partnership with crypto payment startup MoonPay and it will enable US customers to purchase USDT stablecoin. That would be great. US users can use MoonPay to buy USDT and…
Are You Prepared to Buy The Dip? When you see the crypto market keeps crashing in a bear market, how do you feel? Things are getting so tough that it becomes difficult to survive in a bear market. You get crypto at a low price, but you may not have the funds to buy the dip. You regret it and you wish you would have enough funds to take advantage of the situation and buy the dip. I think the best thing you can do is to prepare yourself to buy the dip and follow a strategy…
Crypto Exchange Binance Exiting Netherlands The leading crypto exchange Binance decide to leave the Dutch market. They made an announcement about it and this is going to be effective immediately. Binance did not want to exit the Netherlands but failed to obtain a virtual asset service provider (VASP) license. Due to regulatory scrutiny and a lawsuit against Binance in the United States, the exchange has already been going through a challenging situation. Now they no longer…
Binance Lays Off Over 1,000 Employees The largest crypto exchange Binance laid off more than 1000 employees recently. This was first reported by the Wall Street Journal. According to the Wall Street Journal, as a part of the restructuring of the company, they took action to let go of more than 1000 employees. Binance has been going through a challenging situation in the United States. The U.S. Securities and Exchange Commission (SEC) sued Binance and its CEO Changpeng Zhao,…
How Inflation Affects Your Life You go to the market for shopping. You see the price of every product increases. To make a living, you have to buy goods and services. You have no options except to pay more to get the product. When you see something happening over a period of time, you consider it normal. The price of products always goes up. If your income increases according to the rise in lifestyle costs, everything might stay the same. You want to improve your finances,…
People Will Feel More Why It Is So Important To Adopt Web 3 Do you remember your first experience on Facebook? How did you get to know about Facebook? Maybe you heard about Facebook from someone or saw your friends using a website named Facebook. I saw my classmates visiting Facebook first and that's how I got to know about it. I think you also have a story. You can use Facebook for free and connect with your friends. It is so cool. And you are excited to see what can be…
Is That an Obstacle Or, Opportunity? Sometimes you think if there are no challenges and obstacles, maybe life will be much better. Can you say for sure what you would get without any challenges will be better? When you compare one thing with another, you may not know what will be the outcome if you take another path. I started a business. Things went well at the beginning. I thought it would be way better later. Unfortunately, I did not get the support that I thought would…
Are Some People Forced To Scam Others? Everyone agrees that scamming and stealing others' money is a terrible thing. Scammers are bad people, otherwise, they would do this to steal other people's hard-earned money. They need money, and they can work for that. Do they make people fall into their traps intentionally? Many things happen behind the scene. Sometimes some people are forced to scam others. They want to make money like everyone else without doing anything to scam…
How Do You Feel About Buying The Dip? Do you follow any strategy when you buy cryptocurrency? You often hear about buying the dip. Every time the crypto price goes down, you buy the dip and think you will make a profit when the price rises. You can do well buying the dip, but which crypto you are buying and when you are buying the dip, that is most important. Bitcoin is doing better to hold its position. BTC's dominance is increasing. How about altcoins? Altcoins' dominance…
FTX Users Get Email That's Possible Withdrawal Scam Did you use the crypto exchange FTX? If yes, you would probably get some emails. It is okay to get updated information via email. Due to data breaches and shady activity, bad actors might have your email address and other personal information. So you can get emails from criminal actors. Recently FTX users received emails offering priority withdrawal options. Many people lost their crypto assets in the FTX collapse. Their…
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