Articles focusing on security measures, security breaches, preventive technologies, and best practices for safeguarding crypto assets.
India’s Enforcement Directorate (@dir_ed) raided Emoillent Coin founders for a $890K crypto scam that defrauded 2,508 investors. The scam promised 40% returns from 2017-2019. This is Leh-Ladakh’s first crypto fraud raid. #CryptoScam
“VanEck’s Gabor Gurbacs warns of concentration risk with $COIN as custodian for most U.S. Ethereum ETFs. Suggests multi-custodian strategy for better investor protection. #CryptoSecurity #Update”
? A fake Phantom wallet app in the Apple Store is draining users’ funds when they recover accounts with a private key. Promoted by Meta Voxify, it has led to over $100K in losses. Stay vigilant! #CryptoSecurity
“Terra Luna Classic ($LUNC) debates increasing burn tax from 0.5% to 1.5%. Proposal aims to accelerate burns but faces concerns over exchange support. LUNC price recently dipped 3%, now at $0.00008094. #Update #CryptoNews”
WhiteBIT launches WhitePool, a Bitcoin mining pool now in the top 15 globally. It features a user-friendly interface, 24/7 support, and an automated reward system. VIP program offers lower fees and perks for top miners. #CryptoNews
The Wisconsin DFI has launched a scam tracker to combat rising crypto fraud, detailing deceptive practices based on consumer complaints. Over $3.5M lost from Jan 2022 to Jun 2024. Verify companies before investing. #CryptoFraud #Update
stUSDT partners with ChainSecurity for a security audit, revealing no critical vulnerabilities. The audit report and whitepaper are now available. stUSDT has $269M TVL and a 4.66% APY, enhancing trust in DeFi. #Update #CryptoSecurity
Cardano’s @InputOutputHK launched Alpha v1 on Aug 1, enhancing network security by integrating partner chains like Midnight. This update leverages Cardano’s SPOs to reduce validation costs and complexities, streamlining blockchain scalability efforts. #Blockchain #ADA
Terra Classic remains secure despite the recent hack on $LTC Phoenix-1 blockchain due to proactive updates by Genuine Labs. The incident highlights the importance of timely security patches and ecosystem-wide vigilance. #BlockchainSecurity #Update
? LI FI suffers $9.7M breach in stablecoins $USDC and $USDT. Hacker converting assets to $ETH. Users advised to revoke Infinite Approvals. Sharpe Bridge and Sharpe Refuel temporarily shut down amid investigations. #DeFiSecurity #Update
The SEC seeks to amend its lawsuit against @binance to avoid ruling on the security status of tokens like Solana. This move leaves legal status uncertain but avoids direct classification as securities. #CryptoRegulation #Update
The Phoenix-1 blockchain was hacked due to an outdated IBC-go version. Terra Classic remained secure after a major upgrade by Genuine Labs, highlighting the importance of timely updates and minimizing forks for better security.
The SEC amended its complaint against Binance, removing Solana (SOL) and 10 other crypto assets from securities classification, sparking debate. Experts view this as a litigation tactic, leaving Solana’s legal status uncertain and impacting potential ETF launches.
Wisconsin launches a scam tracker to combat crypto and investment fraud, helping users identify deceptive practices. Over $3.5M lost to scams since 2022. DFI urges vigilance and warns against sharing financial info online. #CryptoFraud
