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The latest Messages 5
2023-09-27 19:59:34
Web3 Lost Over $890 Million to Hacks and Scams in Q3 2023 Beosin EagleEye platform, a subsidiary of Beosin,
a blockchain security audit company, revealed in a research report that Web3 lost approximately $890 million to various security breaches, phishing scams, and rug pulls in the third quarter
of 2023.
Breaking down the losses,
it was revealed that 43 separate hacker attacks led to a cumulative loss of around $540 million, while phishing scams resulted in an approximate loss
of $66.15 million.
Additionally,
81 incidents of rug pulls within projects led to a total loss of approximately $280 million. DeFi, or Decentralized Finance, remained the most frequently targeted sector,
accounting for 67.4% of all incidents with 29 attacks reported.
Amongst the various project types,
public chains experienced the most substantial losses, with Ethereum alone accounting for $227 million. Ethereum also took the unfortunate lead in security incidents,
tallying up 16 during the quarter.Examining attack methods, it was found
that private key leaks were the most costly, causing losses of $223 million.
70.8K views16:59
2023-09-26 11:11:46
Kids paying for Happy Meals with Bitcoin in El Salvador
@the_cryptology
97.0K views08:11
2023-09-25 17:58:27
Currently, USDT's market share on the Binance cryptocurrency exchange is 77 percent, meaning Tether's stablecoin remains the most popular stable-value instrument among traders.
This is a 15-month high after the trading platform abolished zero commissions for transactions in the BTC-TUSD pair.
86.6K views14:58
2023-09-24 14:07:38
Greeting Everyone,
After running the Poll for 24hr most of our members were interested in the analysis of MATIC. Here is the analysis of MATIC.
If we look Matic on weekly time frame it is in strong weekly demand zone price has taken reversal many times from this region. Also it is forming a harmonic patter. These regions for matic can be a
considered as good region for long term holding.
Now If we look Matic on daily it is in strong demand but facing trendline resistance if it is able to breakout and give a successful retest expecting a good bounce in coming days.
Thanks
@the_cryptology
120.8K views11:07
2023-09-22 07:04:20
Philippines SEC Collaborates With International Organizations to Strengthen Crypto Enforcement Efforts The Philippines Securities and Exchange Commission
(SEC) seeks to establish a joint regulatory framework around digital assets and to crack down on bad actors who engage in illicit crypto transactions.
The body has partnered
with the United States SEC and the Asian Development Bank (ADB) to host an International Organization of Securities Commission
(IOSCO) Workshop and an Investigation Enforcement Training Workshop.
According to the participants,
the training is billed to sharpen the skills of the organization in furtherance of its mandate to protect the public from all firms of financial fraud including those that leverage digital assets.
In a press release,
the Philippines SEC cited market manipulations, off-market fraud, insider trading, and crypto scams adding
that it facilitated the IOSCO Multilateral Memorandum of Understanding (MMOU) on Aug 18.
87.8K views04:04
2023-09-20 06:52:24
Bitcoin has surpassed Visa's annual transaction volume. Pretty incredible for a decentralized settlement network.
Next up: ACH and eventually Fedwire.
94.7K views03:52
2023-09-17 20:55:56
This is a list of all the asset managers that have applied for a spot Bitcoin ETF:- BlackRock ($10T AUM)
- Fidelity ($4.5T)
- Invesco Galaxy ($1.5T)
- Franklin Templeton ($1.5T)
- WisdomTree ($87B)
- VanEck ($61B)
- GlobalX ($40B)
- ARK Invest ($14B)
- Valkyrie ($1B)
- Bitwise ($1B)
In total, these managers have
$17.7T of the Assets Under Management.(AUM)
97.6K views17:55
2023-09-16 08:06:51
SEC Accuses BinanceUS of Non-Cooperation in Probe Over Securities Law Violations BinanceUS, the American arm of the global cryptocurrency exchange giant Binance,
has been accused of non-cooperation in an ongoing probe by the US Securities Exchange Commission (SEC).
The SEC has alleged that BinanceUS's staking, clearing, and brokerage services violate federal securities law. In a court filing released Thursday,
SEC has targeted BinanceUS's use of Ceffu, a custody service provided by Binance Holdings Ltd, the international arm of the Binance empire.
U.S. regulators are concerned that
this use of Ceffu custody may breach a previous agreement designed to prevent assets from being moved overseas.
The SEC also voiced its concerns about
BinanceUS's handling of the probe in the court filing.
The regulatory agency claimed
that the company's holding entity, known as BAM,
had provided a limited and inadequate amount of evidence during the discovery process. According to the
SEC, BAM had furnished only around 220 documents, many of which were described as
"unintelligible screenshots'' and lacked dates or signatures.
The SEC's contention is that this limited cooperation
from BAM raises questions about whether the company is violating the terms of the earlier consent order. This order
was established to ensure that only local U.S. staff have access to customer funds, a crucial safeguard
in the realm of cryptocurrency exchanges.
100.1K views05:06
2023-09-13 18:38:20
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103.8K views15:38
2023-09-12 11:44:03
Hackers Exploit Windows Tool to Deploy Crypto-Mining Malware Hackers have targeted a popular Windows-based software packaging tool to infect computers with crypto mining malware,
IT security firm Cisco Talos Intelligence Group has revealed.
The mining attack on computers
happens through a Windows tool known as Advanced Installer, and
the attackers have used the tool to package malicious code together with software installers from popular tools like
Adobe Illustrator, Autodesk 3ds Max and SketchUp Pro.
The software tools affected
are used specifically for 3-D modeling and graphic design, and mainly use the French language, the firm said.
Cisco Talos’ report explained that once infected, the computers,
which are often used by graphic designers and therefore have powerful Graphics Processing Units (GPU), are then used
to mine crypto on behalf of the attacker.
“The campaign likely affects business verticals such as architecture, engineering, construction, manufacturing and entertainment, as the attackers use software installers specifically created for 3-D modeling and graphic design,” the report said.
73.4K views08:44
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