The hacker who stole $11.6 million from Prisma Finance’s decentralized finance (DeFi) protocol has claimed that the exploit was a “whitehat rescue” in on-chain messages. This term refers to hackers who use their skills to find security vulnerabilities in software code. The attacker sent a message six hours after the hack, stating that the intention
Scams
Learn how to protect yourself from scams in the cryptocurrency market. This article provides valuable tips and strategies to avoid falling prey to fraudulent schemes. Stay informed and make well-informed decisions.
Recently, a 46-year-old housewife in Hong Kong found herself in a nightmarish situation after investing a staggering 7.1 million Hong Kong dollars ($908,000) in a fraudulent crypto investment platform. The woman was targeted by fraudsters who contacted her through Instagram in July 2022, urging her to invest in cryptocurrencies through a link to a deceitful
Trezor, a well-known hardware wallet manufacturer, recently faced a significant security breach when their official Twitter account was compromised. The attack, suspected to be a result of a SIM swap, led to fraudulent messages being posted on the platform. These messages promoted fake token sales and wallet scams, deceiving users into sending funds to malicious
Learn valuable tips to safeguard yourself from cryptocurrency scams in the rapidly growing cryptocurrency market. Avoid falling victim to fraudsters and make informed and secure investments.
Binance, one of the largest cryptocurrency exchanges in the world, has recently found itself embroiled in a contentious dispute with Nigerian authorities. This conflict has escalated to the point where two senior executives from Binance were detained in Nigeria due to allegations of manipulating the local fiat currency. Despite acknowledging Nigeria’s “extraordinary potential,” Binance has
Binance, one of the leading cryptocurrency exchanges, recently listed Metis (METIS) on its platform. This move is expected to have a positive impact on the price of METIS, as it can increase the visibility of the digital asset and enhance its liquidity. Official listings on major exchanges like Binance are often seen as a vote
Recently, the Securities and Futures Commission (SFC) in Hong Kong issued a warning to the public regarding suspicious websites impersonating licensed crypto exchanges in the city-state. The scam involved websites that tricked users by impersonating the image and branding of well-known exchanges like Hash Blockchain Limited and OSL Digital Securities Limited. This fraudulent activity not
In the ever-evolving world of cryptocurrency trading, traders are constantly on the lookout for the next big opportunity to make quick profits. With Bitcoin consolidating just below recent highs and other major coins taking a breather from rallying, the focus has shifted towards the volatile and high-risk world of shitcoins. These lesser-known coins, often created
Senator Elizabeth Warren recently expressed her willingness to engage with the crypto industry under the condition that players in the sector adhere to regulatory standards similar to those in traditional finance. In a Bloomberg interview on Feb. 27, Warren highlighted the importance of collaboration with the industry. She raised concerns about the industry’s apparent stance