🦎🚀 Exploits affect everyone, even the big boys! 🕵️‍♂️

Monday, April 24, 2023

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You can't be too trusting, Geckos!

A vulnerability in the Trust Wallet application has resulted in some users losing close to $170,000 worth of crypto assets.

The exploit, which affected wallets created between November 14 and November 23, was discovered via Trust Wallet's bug bounty program after a security researcher had reported it.

Although the vulnerability has since been patched, around 500 addresses are still susceptible to attacks, amounting to $88,300.

In today's news, Twitter hackers claim another victim, the bids are heating up for Celsius, and SafeMoon is SAFU?

Read on!

Demystifying Turkish Cryptocurrency Owners

Cryptocurrency adoption is rapidly increasing worldwide, and Turkey is no exception. With above-average ownership rates, Turkey presents a unique opportunity to study and understand the diverse cryptocurrency user landscape.

Dr. Lennart Ante, CEO of the non-profit research institute Blockchain Research Lab, breaks down a recent academic article that profiles and characterizes Turkish cryptocurrency owners.

Learn more

24h Hot Searches Worldwide

Pepe (-11.9%)
Arbitrum (-10.4%)
Dione (+46.5%)
XEN Crypto (-8.8%)
GALA (-6.0%)
Ethereum (-2.0%)
ZoidPay (+3.3%)

Still can't decide on where to stake your ETH? 🔒

Watch this video as we compare the TOP liquid staking projects based on APR, fees & benefits!

Check it out here!

45 Minutes

In less than an hour, an attacker stole over $22,600 of USDT after getting hold of KuCoin's Twitter account.

The crypto exchange has since regained control of its account and acknowledged the attack, with plans to reimburse all losses caused by the breach.

Although their Twitter account was affected, KuCoin maintains that assets on their exchange remain secure.

The Block

The Race is On

More firms are joining in on the auction of Celsius' assets, including the likes of crypto exchanges Gemini and Coinbase, through the involvement of two new consortiums.

According to the latest court documents, the first group is known as Fahrenheit, backed by Arrington Capital. According to a tweet by the venture capital firm, Coinbase is also one of Fahrenheit's backers, but that tweet has since been deleted.

The second consortium is the Blockchain Investment Recovery Commitee, formed by Gemini along with crypto lending platform Plutus Lending, Bitcoin mining firm Global X Digital, and, VanEck, an investment management firm.

Cointelegraph

Solace for SafeMoon

The SafeMoon team has reached an agreement with an exploiter that had taken off with $8.9M worth of BNB from the project.

Based on a recent on-chain message sent by the SafeMoon deployer contract, the team has allowed the attacker to keep only 20% of the stolen assets and return the rest without pressing any charges.

Cointelegraph

BGB whitepaper update!

To celebrate the update of the BGB Token (BGB) Whitepaper, the BGB Team and Bitget are hosting a BGB Carnival Week for you. You can get lottery tickets by reading the BGB Whitepaper and then answering questions. The tickets let you draw from a prize pool of 300,000 BGB. One user may get up to 60,000 BGB!

Win your 60,000 BGB!

What is the Bitcoin Rainbow Chart, and what do the colors mean? Also, learn about how investors can use the BTC Rainbow Chart to identify entry and exit points.

Find out more here.