Articles focusing on security measures, security breaches, preventive technologies, and best practices for safeguarding crypto assets.
50 Cent (@50cent) revealed his X account and website were hacked to promote a fake cryptocurrency called GUNIT. The scam aimed to exploit his influence for a pump-and-dump scheme, misleading followers and costing investors up to $20M. #CryptoScam
? @Ledger warns crypto users of an “address poisoning” scam. Scammers send small crypto or NFTs to trick users into copying fake wallet addresses, leading to fund losses. Be vigilant and ignore suspicious transactions. #CryptoSafety
? 1inch partners with Blockaid to launch 1inch Shield, a new security solution for DeFi. Supported by TRM Labs, it detects fraudulent tokens and monitors for illegal activities. Aims to set a new security standard in crypto, enhancing user trust. #DeFi #CryptoSecurity
Kraken’s Chief Security Officer, Nick Percoco, confirmed the recovery of $3M after @Certik_io exploited a bug to withdraw funds, claiming it as a bug bounty. Kraken denounced it as extortion. The incident highlights the critical need for robust cybersecurity. #CryptoSecurity
Kraken reports a $3M crypto withdrawal by @CertiK’s ethical hackers due to a critical bug, promptly fixed to secure client funds. Dispute arises over delay and compensation demands. Highlights need for clear protocols in #cryptocurrency security. #Update
Kraken’s CSO, Nick Percoco, disclosed a $3M loss due to a funding system bug exploited in June. The issue emerged from a UX change allowing premature crediting of client accounts. #CryptoSecurity #Update
In June 2011, Bitcoin user ‘allinvain’ lost 25,000 BTC ($1.6B today) to a hack, exposing the vulnerabilities of early crypto security. This major theft highlighted the critical need for strong security in the #Crypto world. #Bitcoin
Australian billionaire Andrew Forrest’s lawsuit against @Meta proceeds. U.S. Judge denies Meta’s dismissal motion. Forrest alleges Meta allowed over 1,000 fraudulent crypto ads using his image, bypassing Section 230 defense. Significant implications for digital ad standards. #Update
Russian IT entrepreneur Eduard Gurinovich, Forbes’ 30 under 30, co-created the viral game Hamster Kombat on Telegram, combining gaming with blockchain. Launched two months post-domain registration, it enhances user engagement and promotes the TON blockchain. #Update
Australia’s securities regulator warns of the risks, volatility, and complexity of cryptocurrencies as ASX approves its first spot Bitcoin ETF. Investors advised to risk only what they can afford to lose. #BitcoinETF #Update @asic
Ripple’s CLO Stuart Alderoty criticizes SEC Chair @GaryGensler’s use of “crypto-asset securities” and urges crypto investors to vote. Mark Cuban and Senators Hagerty and Durbin also express concerns over Gensler’s stance. #CryptoRegulations #Update
? At BTC Prague 2024, @Trezor launched the Trezor Safe 5, a secure hardware wallet with a color touchscreen and Shamir’s Secret Sharing backup system. Available in July 2024 for $169. Personal consultations via Trezor Expert at $99. #CryptoSecurity
Billionaire Mark Cuban criticizes SEC Chair @GaryGensler’s crypto stance, claiming it may affect Biden’s 2024 reelection due to tough regulations on U.S. crypto firms. #Crypto #SEC
Helio launches a new Solana Pay plugin for Shopify, enabling 5,000+ merchants to accept stablecoins like $USDC, EURC, & PYUSD with just 0.75% fees. #CryptoNews #Ecommerce #Updates
