Crypto

In a recent incident in Hong Kong, a 46-year-old housewife found herself in a devastating situation after investing in a fraudulent crypto investment platform. The woman reported losses of 7.1 million Hong Kong dollars, highlighting the risks associated with the rapidly growing cryptocurrency market. The victim was contacted by fraudsters through Instagram and lured into
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The United Nations (UN) Security Council recently released a report revealing that North Korea earns a significant portion of its foreign exchange earnings through cyberattacks. These cybercriminal activities are primarily targeted at compromising digital wallet private keys and seed phrases to gain access to victims’ assets. In 2023 alone, hackers associated with North Korea managed
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In response to soaring inflation and economic uncertainty, Argentinians are increasingly turning to Bitcoin as a safe haven for their wealth. Recent data reveals a significant surge in Bitcoin purchases in the country, with the number of weekly transactions hitting 34,700 in the first week of March. This represents a more than twofold increase from
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Decentralized finance in the XRP ecosystem has taken a significant step forward with the implementation of automated market maker functionality. The XRP Ledger (XRPL) has embraced this new feature, allowing for the creation of AMM liquidity pools in a matter of minutes. This development opens the door for a more efficient and liquid market for
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The official Twitter account of Trezor, a prominent hardware wallet manufacturer, recently fell victim to a severe compromise, likely orchestrated through a SIM swap attack. The breach resulted in the dissemination of fraudulent messages promoting fake token sales and wallet scams. The suspicious activities were first brought to light by ZachXBT, an anonymous individual with
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