💦 Latest News: The Highstreet (HIGH) token, listed on cryptocurrency exchange Binance, suffered a heavy fall last week, with the price plummeting from a high of $8.87 to $2.89, a plunge of more than 50%. The developer revealed the mastermind behind a well-planned malicious attack that led to this tragedy! 💦💦
Malicious attack exposed: 20 million HIGH tokens were looted
Highstreet developers revealed that the culprit for this dramatic drop was a well-planned malicious attack. The attacker purchased large amounts of HIGH tokens from the South Korean exchange Bithumb and laundered the funds through the BSC bridge, successfully hiding their identity and making tracking extremely difficult.
The attackers withdrew 20 million tokens from multiple sources, 9 million of which came directly from Korean exchanges, causing the market supply to explode and prices to drop.
High alert: Developers issue warning
The Highstreet team immediately launched an in-depth investigation into the incident, which confirmed that a malicious attack was indeed the main reason for the price collapse. The developer calls on all investors to be more vigilant and guard against potential fraud risks, and emphasizes that the team has no intention of harming the project's own interests and firmly denies any accusations of fraud.
Market Reflection: Cryptocurrency Vulnerability Revealed Again
This incident once again exposed the fragility of the cryptocurrency market. Investors must conduct detailed research and remain highly vigilant before investing to avoid unnecessary losses.
Highstreet’s experience is a wake-up call to all cryptocurrency enthusiasts that the market needs more robust security measures to prevent similar incidents from happening. Let’s wait and see how the Highstreet team handles this challenge and regains the trust of investors.
#Highstreet #加密貨幣 #幣安 $HIGH $BTC
