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šØšØ $1.5 Billion Cryptocurrency Hack!
A devastating cyberattack has resulted in the theft of over 400,000 ETH and stETH worth a staggering $1.5 billion!
The hackers exploited a potential vulnerability in a user interface, altering the smart contract logic and gaining control of the ETH Cold Wallet.
Bybit assures users that their cryptocurrency holdings are safe, despite possible delays in processing withdrawals. The exchange claims to have more than enough assets to cover the loss, with AUM exceeding $20 billion.
This massive hack is a stark reminder of the growing threat of cryptocurrency crime. According to Chainalysis, cryptocurrency criminal activity surged in 2024, with $2.2 billion stolen - a 20% year-over-year increase.
#CryptocurrencySecurity #cybercrime #NavigatingAlpha2.0
A devastating cyberattack has resulted in the theft of over 400,000 ETH and stETH worth a staggering $1.5 billion!
The hackers exploited a potential vulnerability in a user interface, altering the smart contract logic and gaining control of the ETH Cold Wallet.
Bybit assures users that their cryptocurrency holdings are safe, despite possible delays in processing withdrawals. The exchange claims to have more than enough assets to cover the loss, with AUM exceeding $20 billion.
This massive hack is a stark reminder of the growing threat of cryptocurrency crime. According to Chainalysis, cryptocurrency criminal activity surged in 2024, with $2.2 billion stolen - a 20% year-over-year increase.
#CryptocurrencySecurity #cybercrime #NavigatingAlpha2.0
šØšø FBI WARNS OF RISING CRYPTOCURRENCY SCAMS AMID BITCOIN SURGE šØšø
š As Bitcoin reaches new heights, the FBI's Baltimore division has observed a significant increase in cryptocurrency scams. šØ Special Agent David Paniwozik warns that many criminals are exploiting the unfamiliarity of investors with this technology to make quick profits. šø
$BTC
š¤„ SCAMMERS' TACTICS:
- Creating fake cryptocurrency exchanges š
- Convincing victims that their investments are growing exponentially š
- Demanding cryptocurrency payments to 'unlock' high-return opportunities š
- Employment scams involving cryptocurrencies š
šØ STATISTICS:
$XRP
- Reported losses in Maryland have skyrocketed from $32,033 in 2023 to $3.8 million from January to October this year. š
- Individuals in Maryland are losing between $15,000 and $20,000 to these scams. šø
- Cryptocurrency-related complaints account for only about 10% of total financial fraud complaints, but the amount stolen represents nearly 50% of total financial losses. š
$BNB
š PROTECT YOURSELF:
- Be cautious of unsolicited investment opportunities šØ
- Research and verify the authenticity of cryptocurrency exchanges and investment platforms š
- Never send cryptocurrency payments to unknown individuals or entities š«
š STAY VIGILANT AND PROTECT YOUR CRYPTOCURRENCY ASSETS! šø
#CryptocurrencyProjections yScams #bitcoināļø in #FBIWarning rning #investorprotection ction #CryptocurrencySecurity
$BTC
š¤„ SCAMMERS' TACTICS:
- Creating fake cryptocurrency exchanges š
- Convincing victims that their investments are growing exponentially š
- Demanding cryptocurrency payments to 'unlock' high-return opportunities š
- Employment scams involving cryptocurrencies š
šØ STATISTICS:
$XRP
- Reported losses in Maryland have skyrocketed from $32,033 in 2023 to $3.8 million from January to October this year. š
- Individuals in Maryland are losing between $15,000 and $20,000 to these scams. šø
- Cryptocurrency-related complaints account for only about 10% of total financial fraud complaints, but the amount stolen represents nearly 50% of total financial losses. š
$BNB
š PROTECT YOURSELF:
- Be cautious of unsolicited investment opportunities šØ
- Research and verify the authenticity of cryptocurrency exchanges and investment platforms š
- Never send cryptocurrency payments to unknown individuals or entities š«
š STAY VIGILANT AND PROTECT YOUR CRYPTOCURRENCY ASSETS! šø
#CryptocurrencyProjections yScams #bitcoināļø in #FBIWarning rning #investorprotection ction #CryptocurrencySecurity
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