"If institutional accounts can be hacked, can you sleep peacefully with the air coins in your wallet?" - Dashing slams the table.
Dear friends, I am your hardcore and grumpy analyst, Dashing. This morning, the official X account of a16z was hacked, and fake coin news was released. On the surface, it seems like hackers are at work, but essentially, they stripped the institutional security pants! Below, I will break down the impact in a way that retail investors can understand, and throw in some personal opinions.
1. The most miserable are the retail investors: Trading coins based on news is just giving away your head.
Example to slap the face: In February this year, the account of a16z's founder was hacked and a fake coin ELIZA was promoted. A bunch of people rushed in with their eyes closed, resulting in a 15% drop within 15 minutes! The market maker drove off in a Porsche overnight, and you were left with just your underwear. This time, the hacker used the same trick, just changing the soup but not the medicine.
Dashing Critique: If a top venture capital account like a16z can be hacked, can you still trust those 'tenfold coin' ads on Twitter? The salaries of the institutional security teams must be feeding dogs!
2. Market reaction: The sickle is always faster than the retail investor.
Once the fake news comes out: Any tokens related to a16z (like AI proxy projects) will inevitably be dumped. The market maker waits to buy the dip during panic selling; last year, someone made a quick profit of 30% in one day from a similar incident, and all your losses went into their pockets!
Dashing's operational advice: When you see sudden good news, ask three times: "Did the project's official website make an announcement? Is there any abnormal data on the chain? Are the top influencers collectively promoting it for money?" A three-second cooling-off period can save your life!
3. Industry's unspoken rules: Security vulnerabilities are the biggest insider trading in the crypto world.
Why do hackers specifically steal institutional accounts? Because retail investors recognize 'authoritative endorsements'! Last time, a project falsely claiming to be incubated by a16z, Toji, raised private funds without even bothering to create a domain for the official website, relying solely on a hacked X account to deceive hundreds of people into sending money.
Dashing's harsh words: Exchanges can get hacked and still lose money, but when institutional accounts are hacked, they don't even say Sorry! a16z made billions of dollars last year, and their security investment is not as good as my home lock!
"Hackers are testing your IQ tax, institutions are playing dead, and only your real money is on the battlefield!"
There are always opportunities to make money, but it depends on whether you can seize this trend. However, the prerequisite is to learn to discern technical and news principles as the basis for building positions. If you don't know how to discern, you can follow Dashing's homepage, where he teaches step-by-step in the introduction!
Remember: Scammers work overtime during a bull market, and your FOMO is their year-end bonus!
