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🔓 Infrastructure #Attacks accounted for nearly 60% of the total amount stolen in #2023 📈
The most damaging type is a #privatekey theft or #SeedPhrase compromise 👀
The most damaging type is a #privatekey theft or #SeedPhrase compromise 👀
How Crypto Works
2. Cryptography
• Public and Private Keys:
- Public Key: Acts as an address others use to send you crypto (like an email address).
- Private Key: A secret code to access and authorize transactions (like a password). Losing it means losing access to your funds.
- Security: Transactions are encrypted, ensuring only the intended recipient can decrypt them using their private key.
#HowCryptoWorks #PublicKey #PrivateKey
• Public and Private Keys:
- Public Key: Acts as an address others use to send you crypto (like an email address).
- Private Key: A secret code to access and authorize transactions (like a password). Losing it means losing access to your funds.
- Security: Transactions are encrypted, ensuring only the intended recipient can decrypt them using their private key.
#HowCryptoWorks #PublicKey #PrivateKey
Ari Wallet Quiz Answer! 🧠
The primary use of a 'private key' is:
3️⃣ Signing transactions ✅
Secure your crypto and keep learning! 💪
#AriWallet #CryptoQuiz #PrivateKey #BinanceAlphaAlert #CryptoTariffDrop
The primary use of a 'private key' is:
3️⃣ Signing transactions ✅
Secure your crypto and keep learning! 💪
#AriWallet #CryptoQuiz #PrivateKey #BinanceAlphaAlert #CryptoTariffDrop
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Infini Hacked, Lost 49.5 Million USDC – Founder Pledges to Refund 100%
While the Bybit hack has not yet subsided, the crypto market has witnessed another major attack. This time the victim is Infini, a stablecoin banking application, with the amount stolen up to 49.5 million USDC.
Hacker Stole 49.5 Million USDC, Converted to ETH
On the morning of February 24, according to Wu Blockchain, hackers made two large withdrawal transactions from Infini's USDC Vault:
1st time: 11.45 million USDC
Hacker Stole 49.5 Million USDC, Converted to ETH
On the morning of February 24, according to Wu Blockchain, hackers made two large withdrawal transactions from Infini's USDC Vault:
1st time: 11.45 million USDC
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