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The Crypto Heist of the Year: A Hacker’s Multi-Platform Attack

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2 years ago

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A series of hacks on Twitter and Discord have resulted in the theft of millions of dollars worth of crypto from unsuspecting victims. The hacker, who goes by the name of Pink Drainer, has been linked to several incidents involving fake tokens, phishing links, and social engineering attacks.

One of the most notable hacks was the hijacking of the Twitter account of OpenAI CTO Greg Brockman, who is a prominent figure in the crypto space. The hacker used his account to promote a fake OpenAI token, claiming that it was a new project by the artificial intelligence research company. The hacker also sent direct messages to Brockman’s followers, asking them to join a Discord server and invest in the token.

According to Scam Sniffer, a platform that tracks crypto scams, Pink Drainer has stolen over $3 million from nearly 2000 victims across different blockchains, including Mainnet, Arbitrum, BNB, Polygon, and Optimism. The hacker has also targeted several DeFi projects, such as Evomos, Pika Protocol, and Orbiter Finance, by impersonating journalists from reputable media outlets and sending phishing links to their communities.

The phishing links usually redirect the victims to a fake website that mimics the original one but asks them to enter their private keys or seed phrases to access their wallets. Once the victims do that, they lose control of their funds and the hacker transfers them to his own addresses.

Crypto Hacks

Crypto Hacks Took a Serious Plunge in the Last Quarter

Pink Drainer’s activities have been exposed by several crypto enthusiasts and researchers, who have traced his transactions and identified his addresses. However, the hacker has been using various techniques to evade detection and prosecution, such as using crypto mixers, changing addresses frequently, and moving funds across different chains.

The crypto industry has been facing a growing number of hacks and scams in recent years, as hackers exploit the vulnerabilities of decentralized platforms and the lack of regulation and oversight. Hackers stole approximately $400 million from crypto projects across 40 attacks in the first quarter of 2023, representing a 70% decrease compared to the same period in 2022.

The report attributed this drop to the sanctions imposed on Tornado Cash, a crypto mixer that was used by many hackers to launder their proceeds.

The post The Crypto Heist of the Year: A Hacker’s Multi-Platform Attack appeared first on The Cryptocurrency Post.

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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.

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SniperX Revolutionizes Memecoin Trading with Direct Integration on X

Published

3 weeks ago

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November 30, 2024

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TL;DR

  • SniperX enables trading memecoins directly from the X timeline, eliminating the need for external platforms.
  • It offers real-time analysis with one-second candlestick charts, live trading volumes, and instant price updates.
  • It combines social trends with market tools and a referral system to enhance user experience.

SniperX, an innovative memecoin trading bot, has recently been launched for X users. This new tool aims to revolutionize how traders interact with the market, enabling transactions directly from the social feed without leaving the platform. With the launch of SniperX, users can buy memecoins more quickly and easily, using just the token’s ticker symbol or contract address (CA).

The main advantage of SniperX is its seamless integration with the X user experience. Now, users can trade while browsing their timelines without needing to access external trading platforms. This approach simplifies the process, removing intermediate steps and making memecoin trading more accessible to anyone familiar with social media.

One of SniperX’s most important features is its ability to provide advanced real-time analysis tools. Users can access candlestick charts with one-second intervals, live trading volumes, and up-to-date price data. This valuable information allows traders to make quick and accurate decisions, staying ahead of market movements and maximizing investment opportunities.

SniperX: The Attention Economy

What truly sets SniperX apart from other trading platforms is its ability to merge social trends with traditional market analysis tools. Users can identify which tokens influencers are promoting and which topics are generating the most buzz on the network. Influencer rankings show who is driving conversations, providing a unique advantage in spotting future memecoin stars.

sniperx trading bot

Additionally, SniperX incorporates a referral reward system, allowing users to earn a commission every time their friends make trades using the bot. This additional monetization strategy serves as a strong incentive to encourage the adoption of the tool.

The bot not only offers a faster and more efficient way to operate in the memecoin market but also integrates the power of social media and the trends of the “attention economy,” creating a new approach to market trading

The post SniperX Revolutionizes Memecoin Trading with Direct Integration on X appeared first on The Cryptocurrency Post.

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StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology

Published

7 months ago

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June 5, 2024

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TL;DR

  • StarkWare has announced an initiative to scale Bitcoin and Ethereum using zero-knowledge (ZK) technology, backed by a $1 million research fund. The initiative aligns with Satoshi Nakamoto’s vision of enabling everyday micropayments.
  • The Bitcoin community is considering a technical proposal known as OP_CAT. If approved, it could enable potential STARK scaling on the Bitcoin blockchain. StarkWare supports OP_CAT and describes it as “the safest path for Bitcoin to scale.”
  • StarkWare recently introduced a new scaling framework, ZKThreads, which could prevent trapped funds and enhance the scalability of decentralized applications.

StarkWare, a leading blockchain technology company, has announced a bold initiative to bring Bitcoin to the masses. Backed by a $1 million research fund, the company aims to use zero-knowledge (ZK) technology to scale Bitcoin and Ethereum simultaneously.

The initiative is centered around Scalable Transparent Argument of Knowledge (STARK) cryptography, a form of ZK technology. StarkWare’s announcement aligns with Satoshi Nakamoto’s vision of enabling everyday micropayments and creating a scalable solution to support global Bitcoin transactions.

StarkNet, a recognized permissionless and decentralized rollup for Ethereum, will serve as the cornerstone for the scaling solution of Bitcoin and Ethereum. Rollups function by consolidating hundreds of thousands of transactions off-chain, and then validating them on-chain at a significantly reduced cost.

StarkWare CEO and co-inventor of cheat-proof ZK cryptography, Eli Ben-Sasson, stated in a press release, “Bitcoin today is mighty, but still a fraction of what it can be.”

Boasting a valuation of $8 billion from its latest funding round, StarkNet declared that it initiated trials of zero-knowledge proofs on Bitcoin back in March. This followed their pledge to release their technology under an open-source license.

StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology

The Potential of OP_CAT

The Bitcoin community is currently considering a technical proposal known as OP_CAT. If approved, it could pave the way for potential STARK scaling on the BTC blockchain. Ben-Sasson expressed StarkWare’s support for OP_CAT, describing the OP_CAT Bitcoin soft fork as “the safest path for Bitcoin to scale.”

Introducing ZKThreads

This announcement follows StarkWare’s recent introduction of a new scaling framework, ZKThreads. Louis Guthmann, head of product/market strategy at StarkWare, believes that the framework can prevent trapped funds and enhance the scalability of decentralized applications, potentially preventing a recurrence of incidents like the FTX-Alameda collapse.

StarkWare’s ambitious plans demonstrate the potential of ZK technology to unlock and benefit Bitcoin and the broader blockchain community. As the company seeks to promote research into OP_CAT, the future of Bitcoin could be on the brink of a significant transformation.

The post StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology appeared first on The Cryptocurrency Post.

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New Features and Integration: Katana DEX Enhances User Experience on Ronin

Published

8 months ago

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April 25, 2024

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TL;DR

  1. Integration and Simplified User Interface: Katana DEX, Ronin’s decentralized exchange, has been integrated into Ronin Apps, centralizing various services on app.roninchain.com. This integration simplifies the user interface.
  2. Wrapped RON (wRON): Users can now wrap RON into Wrapped RON (wRON) directly from the Katana DEX and the Ronin Wallet. This update simplifies the wrapping process, enhancing security and convenience.
  3. Innovation Zone and Expansion: Katana plans to introduce the Innovation Zone, providing a safer space for users to access newer, more volatile tokens and opportunities for third-party builders to launch new tokens. Since its launch in 2021, Katana has supported liquidity for various game tokens.

Ronin’s decentralized exchange, Katana, has introduced significant updates to improve user experience and expand functionality. The platform, which allows users to swap, pool, and farm tokens, has now been integrated into Ronin Apps, centralizing various services on app.roninchain.com.

Simplified User Interface: The integration brings a simplified user interface, making it easier for new users to navigate the ecosystem. All functionalities, including swapping, pooling, farming, bridging, and staking, are now accessible from one location. This update eliminates the need to use separate platforms for different actions, streamlining the process for users.

Wrapped RON (wRON): Another key update is the ability to wrap RON into Wrapped RON (wRON) directly from the Katana DEX and the Ronin Wallet. wRON is essential for making offers on Mavis Market and participating in Ronin ERC20 token launches. The update simplifies the wrapping process, enhancing security and convenience.

The Innovative Features that Will Proppled Katana DEX to the Future

New Features and Integration: Katana DEX Enhances User Experience on Ronin

Legacy Website Redirection: The legacy Katana website will soon redirect users to app.roninchain.com, with the transition expected to be completed by May 7th, 2024. This change will unify the user experience across mobile and desktop browsers.

Innovation Zone: Looking ahead, Katana plans to introduce the Innovation Zone before the end of summer. This new feature will provide a safer space for users to access newer, more volatile tokens. It will also offer opportunities for third-party builders to launch new tokens and for users to create new liquidity pools.

Growth and Expansion: Since its launch in 2021, Katana has supported liquidity for various game tokens, including Pixels, Apeiron, and Play & Kollect. The integration with Ronin Apps is a strategic move to simplify user interactions and lay the foundation for further growth.

The updates to Katana DEX reflect Ronin’s commitment to enhancing user experience and fostering innovation within its network. As the platform continues to evolve, it promises to bring exciting new opportunities for users and developers alike.

The post New Features and Integration: Katana DEX Enhances User Experience on Ronin appeared first on The Cryptocurrency Post.

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