Scammers hijacked eight prominent crypto-related Twitter accounts, stealing nearly $1 million worth of cryptocurrency through SIM Swap attacks and potentially a Twitter admin panel. This highlights the need for stronger security measures on social media platforms and increased education and awareness within the crypto community to prevent such scams.
Search Results for: ZachXBT
North Korean Hackers vs Atomic Wallet: $35M Stolen and Security Concerns Exposed
Atomic Wallet users might have fallen victim to Lazarus hacking group, losing around $35 million in cryptocurrencies. Elliptic identified connections between wallets from this hack and previous Lazarus hacks, as stolen crypto was funneled to the Sindbad.io mixer. The incident highlights the need for better security practices and scrutiny of wallet designs in the crypto ecosystem.
Etherscan’s Advanced Filter: Unlocking On-Chain Data for Improved Accessibility & Security
Etherscan introduces an advanced filtering feature, improving on-chain data accessibility for researchers. This new feature allows efficient searches for specific information, enhancing blockchain data availability. With user feedback, Etherscan aims to perfect this system, contributing to a more transparent, accessible, and secure cryptocurrency environment.
Atomic Wallet Security Breach: A $35 Million Lesson in Decentralized Wallets’ Pros and Cons
Atomic Wallet users reportedly lost over $35 million in a security breach, raising questions about the platform’s security infrastructure. With incidents like this becoming common, robust security measures and user awareness of risks are crucial, and striking a balance between security and user control over assets is paramount.
Atomic Wallet Security Breach: Examining Trust and the Challenge of Ensuring Crypto Safety
Atomic Wallet, with over five million users, suffered a security breach resulting in users losing funds. On-chain investigator ZachXBT is assisting affected individuals. The breach questions the wallet’s security and highlights the challenge of achieving complete security in the decentralized financial landscape.
NFT Controversies: Pixel Penguin’s Rug Pull, Epic Games’ Blockchain Gaming Push, and Kellogg’s Metaverse Plans
Pixel Penguin’s NFT project faces allegations of a “charity project rug” amid suspicions of fabricated cancer story, while Fortnite developers Epic Games embrace blockchain gaming with plans to add 20 new titles by 2024. Defunct crypto hedge fund 3AC’s NFT garage sale enters its second round, and Kellogg’s files for trademarks related to Metaverse, NFTs, and crypto tokens.
Crypto Scams on the Rise: DF Fintoch’s $31.6M Rug Pull and the Need for Due Diligence
The crypto project DF Fintoch, impersonating Morgan Stanley, reportedly vanished with $31.6 million, highlighting the importance of vigilance and skepticism in the cryptocurrency market. The lack of regulation and oversight in the industry poses significant dangers, emphasizing the need for thorough research, due diligence, and holding projects accountable for a safer and more transparent ecosystem.
Fintoch Exit Scam: A $32 Million Lesson in Crypto Vigilance and Project Authenticity
A crypto project called Fintoch, claiming links to Morgan Stanley, has likely exit scammed, taking nearly $32 million from users. The alleged scam raises questions about the project’s association with the investment bank, which denied any ties and stated that Fintoch used trademarks without authorization.
Stable Crypto Prices Amidst Regulatory Tug-of-War: SEC Clarity and Market Impacts Explored
Crypto prices stayed stable, despite the U.S. regulators and blockchain industry debate, as SEC Chairman Gary Gensler asserts readiness to help crypto businesses register. The industry lacks clarity on regulations and awaits effective regulatory solutions for increased adoption and innovation.
Meme Coin Controversy: Lawsuits Loom Over BEN and PSYOP Tokens, Caution Advised for Investors
Following the PEPE meme coin craze, BEN and PSYOP meme coins gained attention and now face potential class action lawsuits over allegations of misleading investors and wire fraud charges. On-chain investigator ZachXBT shares evidence of such misconduct as the popularity of meme coins grows, emphasizing the importance of investor research and caution in the volatile crypto market.
Inferno Drainer & Scams-as-Services: The Urgency for a More Secure Blockchain Future
The blockchain community faces a new scam as a service called “Inferno Drainer,” which has reportedly stolen nearly $6 million from crypto users. This incident underscores the need for increased security, vigilance, and collaboration within the blockchain and cryptocurrency sectors.
Bitcoin’s Potential Breakout Amid Interest Rate Hike and WallStreetBets Token Collapse
Bitcoin climbs above $29,000 following the U.S. Federal Reserve’s interest rate hike, prompting speculation of a potential 20% rally to $36,000. Meanwhile, WallStreetBets token (WSB) sees a 90% drop in value within 24 hours after a significant market cap boost, emphasizing the volatile nature of the crypto market.
WSB Coin Launch Controversy: A Lesson in Crypto Trust and Caution
The r/WallStreetBets subreddit, which gained notoriety for instigating the GameStop short squeeze in January 2021, has now entered the world of cryptocurrency with the recent launch of the WSB Coin (WSB). The token, deemed the official memecoin of Wall Street Bets, was introduced on May 2 by individuals involved in moderating the popular trading subreddit. According to the creators, there would be no team allocation for the WSB token, and 10% of the coins would be earmarked for the subreddit community. They emphasized the fairness of the launch, stating on the website, “It’s the fairest launch memecoin you will find with no team allocation and no presale. Just a free airdrop and some coins for the community.”
WSB Coin Scandal Unmasked: The Risks and Protective Mechanisms in the Meme Coin Space
The suspicious activity involving WSB Coin has led to an 85% value plummet, raising concerns about security and transparency in token distribution. However, swift detection showcases the crypto community’s vigilance and blockchain technology’s power, emphasizing the need for robust security measures and vigilance in the evolving crypto ecosystem.
WallStreetBets Token Plummets 90%: Trust, Insider Sales & Recovery Prospects
The WallStreetBets token experienced a shocking 90% drop within 24 hours due to an insider selling off a significant portion of WSB tokens. This prompted a chain reaction with other token holders also dumping their holdings, contributing to the severe price collapse. The situation raises concerns about project safety and trustworthiness, emphasizing the volatile nature of cryptocurrency markets.