#BinanceAlphaAlert

okey Lets some cases a bigger scam on crypto

if you have another case, you can tell me on comments

do you know Ronin?

Case: Ronin Network Hack (Axie Infinity) — March 2022

Amount stolen: ~$625 million (173,600 ETH and 25.5M USDC)

How it happened:

The attacker gained control of private keys used by validator nodes through social engineering and compromised a fake job offer sent to a Sky Mavis employee. Once access was obtained, they authorized massive fund transfers.

Impact:

This is one of the largest DeFi exploits and Web3 wallet breaches in history, showcasing how social engineering and wallet access can lead to massive losses.

That's a bigger scam bro , so that's why validators very important on some chain