Connect with us

Crypto Currency

Singaporean Blockchain Wallet Security Company Discovers New Type of Scam Targeting Centralized Exchanges

Published

on

Fraudulent Transactions Exploit Wallet Vulnerability, Could Have Stolen More than $3 Million in TRX

CoinsDo, a Singaporean blockchain asset security company, has uncovered a sophisticated scam involving fake transactions and multiple smart contracts targeting major centralized cryptocurrency exchanges. While only a single successful instance of this scam has been confirmed, further analysis of the smart contracts in question revealed that the perpetrators initiated hundreds of these fake transactions, potentially defrauding exchanges, payment gateways, and centralized wallet companies of more than $3 million USD worth of TRX. 

It is highly possible that both firms who built their own wallet infrastructure as well as major wallet solution providers like Fireblocks are not adequately prepared to detect this type of fraudulent transfers. This presents a major operational loophole to be exploited by malicious actors.

The scam began with the perpetrator initiating a fraudulent TRX transfer to their deposit address on a centralized exchange. Through the use of multiple smart contracts, they were able to trick the exchange’s wallet infrastructure into validating the fraudulent transaction. This led the exchange to credit the equivalent amount of cryptocurrency to the perpetrator’s account, which they promptly liquidated for cash. 

The transaction looks just like a regular, successful transfer via smart contract.

The perpetrator had mass-triggered a smart contract (Smart Contract A) to initiate multiple transfers via a proxy smart contract (Smart Contract B) to roughly 100 end-user deposit addresses on various centralized exchanges

Smart Contract A was programmed to interact with Smart Contract B to initiate transfers as internal transactions, a sophisticated technique allowing the perpetrator to make fraudulent transactions appear legitimate. 

Graphical illustration on how the fraudulent transaction was made

What was so insidious about this fraudulent transaction was the fact that it could only be identified by a single parameter in the transaction data – “rejected”: true.

A tell-tale sign of a fraudulent transaction.

Malicious actors are getting more creative in their ways of stealing funds, targeting previously overlooked loopholes and vulnerabilities instead of private keys. Just look at the recent WazirX and Lmnl case, which resulted in losses over $230 million. This raises the question of whether wallet providers are overly focused on encryption technologies and algorithms, potentially at the expense of more practical security measures.

To better protect yourself from scams like the one mentioned, it is recommended that all wallet solution providers take extra care to verify transaction details, both internal and external, especially when smart contracts are involved. 

Source: https://www.coinsdo.com/en/blog/new-scam-alert-tron

Sky is a seasoned cryptocurrency expert with a passion for blockchain technology and digital finance. With years of experience in the crypto industry, he has authored insightful articles on market trends, emerging technologies, and investment strategies. His work has been featured in leading crypto publications, helping both beginners and seasoned investors navigate the complex world of digital assets. Sky is dedicated to providing readers with accurate, up-to-date information to make informed decisions in the rapidly evolving crypto space.

Continue Reading

Crypto Currency

4 Top Crypto Coins of 2025: BlockDAG, PI Network, SUI & Hyperliquid

Published

on

With so many digital coins out there, it can feel hard to spot the ones that truly offer long-term value. Many projects promise big things, but only a few bring together real-world use, strong communities, and working tools. If you are looking to explore the top crypto coins of 2025, this guide will help you focus on those that are building for the future. 

Here, we’ll take a closer look at BlockDAG, PI Network, SUI, and Hyperliquid. Each of these names has something unique to offer. Whether it’s mining apps, staking tools, or trading platforms, these coins might deserve your attention. Keep reading to see what makes them stand out in the world of crypto.

1. BlockDAG: 2 Million Miners and $331 Million Raised

BlockDAG has made waves by combining a strong presale, real mining tools, and an app that’s already used by over 2 million people. At the moment, BlockDAG is in Batch 29, priced at $0.0276. But during its global launch event, buyers can lock in a special price of just $0.0016 until August 11. This is one of the lowest prices since the early days of the project. So far, BlockDAG has raised $331 million and sold over 23.5 billion coins. With a target launch price of $0.05, those who got in early, such as Batch 1 buyers, have seen gains of around 2,660%.

The project plans to roll out a total of 45 presale batches. BlockDAG has also launched hardware mining rigs to boost mining power. The X30 and X100 rigs ship on July 7, with the X10 rig following on August 15. As part of its growth plan, BlockDAG will be listed on exchanges like MEXC, BitMart, LBank, XT.com, and CoinStore. 

Its network supports EVM, and it offers a no-code dApp builder. This shows BlockDAG aims to be much more than just a presale project. It stands out as one of the top crypto coins of 2025 for its active ecosystem and clear vision.

2. PI Network: New Apps and Staking Features

PI Network keeps moving forward by adding new tools and features while its price holds near $0.49. Just this week, it launched the Pi App Studio, where people can build dApps without needing coding skills. It also introduced Ecosystem Directory Staking, allowing the community to back useful apps by staking coins. So far, over 13 million people have joined the open mainnet. The project also runs auctions for .pi domains and has rolled out a smoother KYC process to help more users join.

Looking ahead, PI Network is set to release 19.2 million PI coins on July 4, with over 268 million more expected to be unlocked during the rest of the month. This could put some short-term pressure on the price. But the strong builder base and active user group are good signs for those tracking the top crypto coins of 2025. PI Network is focused on creating real tools that encourage growth, and it’s worth watching as it continues to develop its ecosystem.

3. SUI: Quiet Strength with Steady Progress

SUI is trading around $2.78, with recent movements between $2.66 and $2.78. Unlike some coins that are often in the spotlight, SUI is in a quieter phase right now. This can appeal to people who prefer steady growth over fast, risky moves. Its tech base is solid, and it has a loyal group of developers working on it.

Even without major headlines lately, SUI still draws interest. Many see it as a Layer 1 platform that’s building momentum the right way. If you are looking for the top crypto coins of 2025 that focus on reliable progress rather than hype, SUI fits that need. It may not grab as much attention as others, but it combines trust and performance in a way that matters for long-term success.

4. Hyperliquid: Fast Growth and Strong Trading Numbers

Hyperliquid, known as HYPE, has shown huge gains of around 300% since April. It is now trading between $38 and $39, which is about 16% below its all-time high of nearly $45.5 reached in mid-June. The project stands out because it holds about 70% of the market for decentralized perpetuals trading. Daily trading volumes remain strong at around $230 million to $240 million.

HYPE has also been keeping its price above key support levels, like the 20-day EMA of $37.5. Some believe that if the current buying trend stays strong, the price could aim for $43–$45 again or even $50 in the coming weeks. If you want to follow the top crypto coins of 2025 with big trading action and strong liquidity, Hyperliquid is worth adding to your watchlist. 

Final Thoughts

Picking the top crypto coins of 2025 is about more than just flashy marketing. It’s about looking at the projects that have a clear plan, working tools, and strong communities. BlockDAG shines with its large presale, mining rigs, and plans that are already taking shape. PI Network keeps adding new tools, even with some price challenges ahead. SUI offers steady growth without all the noise. Hyperliquid shows how fast adoption and trading power can push value.

Each of these projects brings something different. Whether you prefer mining, staking, or high-volume trading, these coins offer a range of options. Take time to check the details, from exchange listings to coin unlock schedules, before you decide where to focus next. A careful look now can help you spot real opportunities in this fast-moving space of top crypto coins of 2025.

Continue Reading

Crypto Currency

BlockDAG Teams Up With Seattle Orcas & Seawolves While SHIB & TON Struggle; Best Altcoins to Buy Now?

Published

on

Crypto markets are once again stirring with unexpected developments. The Shiba Inu (SHIB) price prediction is under the microscope after mixed signals, while the Toncoin (TON) price drop leaves traders questioning the next support. But one project seems to be flipping the narrative, BlockDAG (BDAG) is building momentum fast, thanks to bold new partnerships and a time-limited price offer that has crypto watchers buzzing.

BDAG’s presale has now crossed $330 million, with coins priced at just $0.0016 until August 11. And with recent collaborations with two U.S. sports franchises, interest is exploding. Could this be one of the best altcoins to buy before the next wave?

Shiba Inu (SHIB) Price Prediction Gets Complicated Amid Whale Moves

The Shiba Inu (SHIB) price prediction has taken a hit after the coin was removed from two major exchanges, frustrating many long-time supporters. Community figures have accused those platforms of having hidden agendas. SHIB’s value fell around 1.5% in one day and over 4% across the week, but something interesting happened at the same time.

Large wallets moved over $18 million worth of SHIB within 24 hours, raising hopes of a potential reversal. As for 2025, much depends on how well SHIB can manage its loyal user base, shake off exchange roadblocks, and increase its role in decentralised finance. The story isn’t over, but SHIB has work to do.

Toncoin (TON) Price Drop Brings Key Support Levels Into Play

The recent Toncoin (TON) price drop has kept analysts on edge, as TON now trades around $2.83 following a 2.65% daily decline. Attempts to break past resistance at $2.90 have failed, placing sellers in control. Right now, the pressure is on the $2.68–$2.73 range, which previously marked a strong bounce on June 22.

If that support fails, the price could slide toward $2.55 or even $2.42. So far, the trend remains bearish, showing lower highs and lower lows. A rebound could provide some short-term lift, but bulls will need a solid break above $2.91 to turn the narrative around.

BlockDAG Reveals Major U.S. Sports Partnerships, With More on the Way

BlockDAG has turned up the volume in recent days, revealing two high-profile partnerships with U.S. sports teams, the Seattle Orcas of Major League Cricket and the Seattle Seawolves from Major League Rugby. These aren’t just branding moves. They include NFT-based fan engagement, exclusive content drops, player stories, and collectible rewards that bring sports and crypto closer together.

But the big question is: who’s next? BlockDAG has already hinted at an even larger U.S.-based partnership to be revealed soon. And with the GLOBAL LAUNCH release nearing, BDAG’s traction is growing fast. The current price of $0.0016 is available until August 11, and it’s drawing attention from both crypto buyers and sports fans alike.

With over $330 million raised so far and more than 23.6 billion coins sold, early participants in Batch 1 have already seen gains of up to 2,660%. Batch 29’s price now stands at $0.0276, and projections from some analysts suggest BDAG could reach $20 in the long run. With this kind of trajectory and strong momentum, it’s not surprising many now view it as one of the best altcoins to buy heading into 2025.

Key Takeaways

The Shiba Inu (SHIB) price prediction is riding on its community strength and ability to recover from exchange setbacks. The Toncoin (TON) price drop is keeping traders cautious, with eyes locked on support zones that could make or break the trend.

But BlockDAG is doing more than reacting, it’s making moves. With two sports partnerships already locked in, hints of a bigger announcement ahead, and a presale that has already raised hundreds of millions, BDAG is gathering momentum quickly. Priced low and backed by real-world deals, it’s gaining recognition as one of the best altcoins to buy while the window’s still open.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Continue Reading

Crypto Currency

Best Long-Term Crypto Projects: BlockDAG, RNDR, XLM, and CRO Show Potential for the Next Market Cycle

Published

on

The crypto market is evolving, with projects offering new technology and gaining increased attention. BlockDAG (BDAG), Render (RNDR), Stellar (XLM), and Cronos (CRO) are among the names drawing more focus as blockchain adoption grows. With global usage expanding, these coins are being closely watched for how they could shape the upcoming phase of the market.

As the industry continues to develop, identifying which projects have strong foundations becomes important. This breakdown takes a closer look at how each of these four stands out and what roles they may play as the market moves forward.

1. BlockDAG: Combining Participation with Scalable Tech

Presale activity continues to draw attention, and BlockDAG (BDAG) is currently at the front, having raised more than $329 million in a short time. This places it firmly within the best long-term crypto category for 2025. The BlockDAG GLOBAL LAUNCH release now allows purchases at $0.0016 until August 11, offering one of the earliest prices from its launch stage.

The presale is now in Batch 29, where the standard price is $0.0276, with more than 23.6 billion coins sold so far. Those who entered at Batch 1 have seen gains of up to 2,660%, underlining the project’s sustained momentum and continued focus on building over time.

What separates BlockDAG is its active tech layer, inviting more than just passive holding. Through its Testnet quests, participants can report bugs, test smart contracts, and push system limits to earn BDAG. This supports the platform’s security and readiness for its mainnet. Unlike others that rely on plans, BlockDAG already enables real involvement and learning within its growing ecosystem.

2. Render (RNDR): Expanding Access to Digital Rendering

Render (RNDR) is gaining traction for its work in changing how digital graphics are processed through decentralised cloud rendering. It links creators needing advanced GPU power with those who supply it, offering a network-based way to handle rendering tasks for areas like gaming, animation, and virtual reality.

This model lowers the cost and makes large rendering jobs more efficient. The use of blockchain also adds a trusted payment structure between users and GPU providers. As demand grows for high-quality visuals across industries, Render’s system is set to scale. These features place RNDR in a strong position as the need for visual computing keeps rising.

3. Stellar (XLM): Building Faster and Inclusive Payments

Stellar (XLM) is recognised as one of the best long-term crypto projects for its role in simplifying global money transfers. Its decentralised system allows banks, platforms, and users to move money across borders quickly and at a low cost. By supporting various currencies and completing transactions within seconds, Stellar increases access to financial tools in areas where banking is limited.

XLM plays a role in enabling transactions and keeping the network running smoothly. With support from large financial groups and a proven blockchain structure, Stellar has maintained steady growth. As the need for trusted cross-border payments grows, Stellar’s model continues to gain practical use worldwide.

4. Cronos (CRO): Supporting a Broad Ecosystem

Cronos (CRO) plays a key part in the Crypto.com network, helping with payments, trading, and other services. This connection allows users to benefit from reduced fees and exclusive features across the platform.

The blockchain itself is built on the Cosmos SDK, which allows it to work with other networks like Ethereum. Its ability to process fast transactions with lower costs has brought developers and users into its ecosystem. As Crypto.com grows across new markets, the role of CRO in powering services continues to expand. These traits position it as one of the best long-term crypto options with real platform usage.

Final Say: What Sets These Projects Apart

Looking at these four projects, each one adds value in a different area. Render opens up access to GPU power for content creators. Stellar helps people and businesses send money quickly across borders. Cronos backs a growing ecosystem with flexible use across DeFi and payments.

Then there is BlockDAG (BDAG), which has already raised over $329 million and sold 23.6 billion coins in its presale. With the BlockDAG GLOBAL LAUNCH release offering BDAG at $0.0016 until August 11, it provides one of the earliest price entry points still open. These combined factors place it among the best long term crypto picks for those watching how blockchain adoption continues to shift and grow.

Continue Reading

Trending