Distressing Developments in Crypto World: Measures for Damage Control

“LeetSwap, a decentralized exchange, recently suffered an attack leading to a drain of 340 ETH from its liquidity provider pairs. Despite robust on-chain security measures, the incident highlighted the need for improved, foolproof safety mechanisms in blockchain transactions to prevent financial losses.”

The FBI warns that criminals use deepfakes for extortion, targeting victims by altering their photos or videos into explicit content. The increasing difficulty in identifying fraudulent content due to advanced AI technology highlights the importance of exercising caution and protecting personal information online.

Scammers capitalizing on Russian citizens’ unfamiliarity with the Central Bank Digital Currency (CBDC) or digital ruble, are sending false emails and directing individuals to phishing sites to steal personal and financial data. The lack of understanding around CBDCs potentially hampers the digital ruble’s mass adoption, highlighting the need for comprehensive education.