96% of $TON holders are at a loss😳

And 92% of holders invested within the last 12 months!

#ton #AltcoinNews #altcoin #loss #holders #cryptocurrency

Cardex Compensates Users After Security Breach

Blockchain card game #Cardex announced via X that it has distributed 94.85 ETH, approximately $215,000, to users affected by a recent security breach. The company also stated its intention to collaborate with law enforcement agencies to recover the stolen funds.
Previously, a related entity, attributed the security incident to a vulnerability in the third-party application Cardex, resulting in a loss of around $400,000.

#Securitybreach #cryptobreach #Blockchain #ETH #crypto

Hacker group Lazarus Allegedly Steal $3.1 Million In Fresh Crypto Heist

On February 28, an unidentified victim experienced a cyberattack by the North Korean hacker group Lazarus. The incident took place on the Tron network, leading to a loss of about $3.1 million. The stolen funds were then transferred from Tron to Ethereum, where they were allocated across ten different addresses before being deposited into Tornado Cash.

#Tron #ethereum #Lazarus #hacker #CryptoHeist #Heist

79.3K Bitcoin sold at a loss in the past 24 hours

#bitcoin #bitcoinsold #bearmarket

🚨 RUMOR 🚨

BYBIT WILL BUY $1.5 BILLION WORTH
OF $ETH TO COVER HACK LOSS.

BREAKING 💥 Crypto exchange Bybit confirms hack as over $1.4 billion worth of ETH leaves wallets

Bybit, the Singapore-based centralized crypto exchange, appears to have been hacked. Early estimates suggest the exchange has lost over $1 billion worth of ETH and significant quantities of other tokens, though the investigation is ongoing.

"Bybit ETH multisig cold wallet just made a transfer to our warm wallet about 1 hr ago. It appears that this specific transaction was musked, all the signers saw the musked UI which showed the correct address and the URL was from Safe. However the signing message was to change the smart contract logic of our ETH cold wallet,"

Bybit co-founder and CEO Ben Zhou posted to X. "This resulted Hacker took control of the specific ETH cold wallet we signed and transferred all ETH in the cold wallet to this unidentified address. Please rest assured that all other cold wallets are secure. All withdraws are NORMAL."

On Tuesday, the exchange announced it would be performing scheduled maintenance on its live server today stretching into tomorrow, which caused controversy as security researchers looked into the suspicious transactions.

The attacker then moved the majority of the funds to a second address, 0xa4b2, which swaps funds using decentralized exchanges, including Uniswap, Paraswap, and KyberSwap.

ByBit says its other hot and cold wallets are unaffected, and only their ETH wallets were impacted. "Bybit is Solvent even if this hack loss is not recovered, all of client assets are 1 to 1 backed, we can cover the loss," Zhou also post

BREAKING: International law firms are reportedly preparing "massive lawsuits" against Argentinian President Milei after his memecoin launch, $LIBRA.

The launch led to the loss of $4.4 billion of market cap in 7 hours.

#cryptoscam

It's official:

One of the top 5 largest memecoin launches in history came with the FASTEST destruction of retail capital ever.

Since launch, the coin has only seen 4 HOURLY green candlesticks.

Traders are posting $LIBRA losses of -$5 MILLION or more.

Truly insane.

According to a report by asset manager ARK Invest released on July 18, Bitcoin became oversold in June after the German government initiated a multibillion-dollar sell-off of 50,000 BTC. These bitcoins were seized in a 2020 police sting against Movie2k, a streaming platform for pirated content.

The sell-off caused Bitcoin prices to drop from highs above $70,000 in early June to below $55,000 during a brief dip in July.

"Based on short-term holder realized profits/losses and miner outflows, Bitcoin appears oversold," the report states, which covers data through June 30 and includes more recent figures. "Current levels of miner outflows suggest that miners are capitulating, which could signal a bullish reversal."

The Rise of Cryptocurrencies: A Financial Revolution in Progress

Cryptocurrencies, digital assets based on blockchain technology, are revolutionizing the financial world. Bitcoin, created in 2009 by the mysterious Satoshi Nakamoto, paved the way for a multitude of other cryptocurrencies like Ethereum, Ripple, and Litecoin. Their promise? Decentralized, transparent, and secure finance.

The main appeal of cryptocurrencies lies in their independence from traditional financial institutions. They offer an alternative to centralized banking systems, enabling fast and low-cost transactions without intermediaries. Additionally, the blockchain technology underlying them ensures transaction integrity and traceability.

However, investing in cryptocurrencies is not without risks. Their extreme volatility can lead to spectacular gains but also severe losses. Therefore, it is crucial to thoroughly research and diversify investments.

Despite these challenges, the adoption of cryptocurrencies continues to grow. Major companies like Tesla and PayPal now accept Bitcoin payments, and countries like El Salvador have even adopted it as legal tender. This trend reflects a growing recognition of the value and potential of cryptocurrencies.

In conclusion, cryptocurrencies represent a significant innovation that could redefine our financial system. For investors and technology enthusiasts, they offer unprecedented opportunities, provided they approach this field with caution and discernment. #crypto #Blockchain #bitcoin #DecentralizedFinance