Crypto Scams, Hacks and Exploits and How to Avoid Them: Crypto-Sec Weekly Phish: DeFi Saver Users Lose $55 Million in DAI A user of the decentralized finance protocol DeFi Saver was hit with an unusual style of phishing attack on August 21. According to a post from blockchain security firm Global Ledger X, the attacker tricked the user into reassigning ownership of the DeFi Saver Proxy contract. The victim reportedly attempted to trade again but failed. The attacker then changed ownership again and emptied all Dai (DAI) stablecoins from the smart contract wallet, removing a total of $55 million. (Global…
Author: Crypto Flexs
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TON liquidation reaches $7.2 million after Telegram founder’s arrest Investor fear, uncertainty and lack of confidence have led to increased selling pressure. The Toncoin (TON) community has been under intense pressure due to the arrest of Telegram founder Pavel Durov. According to reports, Durov was arrested in France and is likely to face a 20-year prison sentence. This news has had a huge impact on Telegram-based altcoins. Tone liquidation surge According to Coinglass data, Toncoin liquidations hit a historic high in liquidations. Ton reported $7.21 million in liquidated positions, surpassing the liquidations reported during the market crash earlier this month.…
The total daily transaction fees are as follows: Solana brush +0.82% The value of blockchains measured in US dollars has fallen to levels not seen since early May 2024.According to The Block’s data dashboard, Solana’s daily transaction fees fell to $639,000 on Monday. That’s down 65% from the current month high of $1.83 million on Aug. 8 and down 87% from the all-time high of $5.08 million on March 18. According to Ruslan Lienkha, YouHodler’s head of markets, the decline in daily transaction fees suggests a decrease in activity on the Solana network, with memecoin trading being the most affected.…
Peter Zhang 26 Aug 2024 12:33 Bitcoin (BTC) price surged to $65,000 as risk appetite returned after Federal Reserve Chairman Jerome Powell hinted at a possible rate cut. Bitcoin (BTC) surged to $65,000 on August 23, reflecting a broader rally in risk assets following significant comments from Federal Reserve Chairman Jerome Powell at the Jackson Hole Symposium. Powell’s hints at a potential rate cut sent the U.S. dollar lower, boosting stocks and sending the S&P 500 close to its all-time high, according to Bitfinex Alpha. Bitcoin price surge Bitcoin, which has been underperforming stocks,…
Stablecoin market cap has increased for the 11th straight month, reaching an all-time high of $168 billion.According to DefiLlama data, the total stablecoin market cap has reached an all-time high, with the last peak being in March 2022. Crypto analysts say the market cap increase could be the result of new money flowing into the market. Source: DefiLlamaThis data excludes algorithmic stablecoins, which are not pegged to external assets such as fiat currencies or gold, but instead maintain their value through algorithmic mechanisms.The market hit an all-time high of $167 billion in March 2022, but then plummeted, falling to $135…
According to DefiLlama data, the total stablecoin market cap, excluding algorithmic stablecoins, hit an all-time high over the weekend. The market cap of stablecoins expanded 0.8% last week to $168.1 billion, surpassing the previous high of around $167 billion set in March 2022.Market cap began to decline over the next few months after its March 2022 peak, hitting a low of around $122 billion in October. According to DefiLlama data, stablecoin market cap has continued to grow since early 2024.Rachel Lucas, a crypto analyst at BTCMarkets, told The Block that the rising stablecoin market cap could indicate that cryptocurrencies are…
index New investment opportunities are launched every day, and eager investors are waiting for the next big thing. Husky Inu ($HINU) is a new Solana-based mimecoin opportunity with incredible growth potential. Memecoins continues to surprise us with their huge growth potential and new and innovative projects coming to the market every day. Husky Inu ($HINU) is the newest project in the Solana ecosystem and is competing fiercely to become the next big thing. Husky Inu ($HINU) Ready for Greatness Husky Inu ($HINU) is a new Mimecoin project in the Solana ecosystem. Nicknamed Shiba Inu’s new best friend ($SHIB), this token…
Louisa Crawford 26 Aug 2024 09:55 The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent websites and social media accounts impersonating Airstar Bank Limited. The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent websites and social media accounts impersonating Airstar Bank Limited. According to the HKMA, these fraudulent platforms have been reported and are under investigation. Details of the scam The fraudulent website and social media accounts have been reported to the HKMA, which is now warning the public to be vigilant. Airstar Bank Limited has also…
Toncoin (TON) fell more than 20% on Sunday. The incident comes after Telegram CEO Pavel Durov was arrested in France. The Open Network called for calm and solidarity in response to the arrests. The price of TON (TON) plunged more than 20% on Sunday following reports that Telegram founder and CEO Pavel Durov was arrested in France. TON is the native cryptocurrency of The Open Network, which was initially developed by Telegram before it was abandoned after losing an initial legal battle with the U.S. Securities and Exchange Commission (SEC) in 2020. Today’s development highlights the close relationship between the…
Bitcoin (BTC) is targeting $65,000 as the August monthly close approaches with a welcome recovery.The largest cryptocurrency has seen incredible strength over the past week, and traders are hoping the positive trend continues.Excluding the weekend’s sideways move, BTC/USD is solidly in an uptrend, up a whopping 40% from its low of $45,500 this month.Therefore, the upcoming monthly candle close is expected to provide an interesting trading environment as expectations grow that the pair will break out of the consolidation phase that has lasted for almost half a year.Could Bitcoin Finally Reach All-Time Highs Again?So far this month, BTC/USD has almost…