The digital currency landscape is currently facing an unprecedented threat level as sophisticated phishing attacks become increasingly prevalent, targeting unsuspecting cryptocurrency users with devastating efficiency. These attacks, characterized by the use of crypto drainers, are not only escalating in frequency but also in complexity, leaving a trail of financial ruin for many in the crypto […]
The cryptocurrency market is no stranger to volatility, and Ethereum’s recent flash crash to $2,000 was a stark reminder of this fact. On January 3rd, 2024, Ethereum experienced a dramatic 14% correction, dropping from $2,380 to $2,050 in less than two hours—a price level not seen since December 1, 2023. This sudden swing resulted in […]
In a startling revelation for the decentralized autonomous organization (DAO) community, Samudai, a blockchain project, has experienced a significant security breach. The DAO’s multisig wallets, including the personal wallet of its founder, Kushagra Agrawal, were compromised, leading to the loss of $1.25 million in funds. The exploit was initially flagged by onlookers observing a suspicious […]
Cryptocurrency wallets have long been the linchpin of managing and securing digital assets. They are the gatekeepers of private keys that authorize transactions and access to one’s cryptocurrency holdings. With the advent of Bitcoin and subsequent cryptocurrencies, the sanctity of wallet security has been paramount. However, recent revelations have cast a shadow over the integrity […]
In the ever-evolving digital age, cryptocurrencies have emerged as a prominent form of digital asset, offering a new paradigm of financial freedom and investment opportunities. However, the decentralized nature of cryptocurrencies also brings about unique security challenges. As digital wealth grows, the importance of cryptocurrency wallet security becomes paramount to protect your investments from theft, […]
The case against Thodex, the cryptocurrency money exchange that has harmed thousands of users, is now being heard. Twenty-one individuals, including the fugitive CEO of the business, Faruk Fatih Ozer, are on trial in this case. It is a trial for 21 of them, including Faruk Fatih Ozer, the company’s CEO who is wanted for […]
TL;DR Your crypto should be kept safe, in cold wallets if possible, no matter if you are buying, hodl’ing, investing, or both. In the vast majority cases, losing your tokens and coins is permanent and irreversible. Use centralized exchanges that have KYC and AML compliance if you want to trade cryptocurrency. The best security is […]
A “rug pull” refers to a scheme in which founders or developers of a project fail to fulfill their promises after receiving funds. The founders simply run away from investors after they receive an investment. This can happen with both crypto currencies and NFT projects. Different types of crypto rug pulls These frauds can be […]
ERC20 is a protocol developers can use to propose improvements to the Ethereum network. ERC stands for Ethereum Request For Commitment. The proposal identifier 20 is also used. What is a token? Tokens are a way to represent anything in Ethereum: Reputation points to the online world of a platform abilities of a character in […]