Cybercrime Climbs as Exchange Thieves and Ransomware Attackers Grow Bolder
Chainalysis alerts rise in crypto hacks and ransom in 2024 .Cryptocurrency hackers have been returning to their roots to targeting centralized exchanges amid a spike in the Bitcoin price in 2024.
Aggregate illicit activity on-chain has dropped by almost 20% year-to-date, demonstrating that legitimate activity is growing more quickly than illicit activity.? Stolen funds inflows nearly doubled from $857 million to $1.58 billion, while ransomware inflows rose by approximately 2%, from $449.1 million to $459.8 million.? Stolen funds surge as attackers go back to the future and target centralized exchanges 2024 on track to be the highest-grossing ransomware year yet.
Tech Related
Trump once said crypto was a scam. Disclosures show he now owns more than $1M of it.
Trump's financial disclosure reveals over $1 million in Ethereum holdings. The former president has undergone a significant shift from his previous stance on cryptocurrencies. He once called cryptocurrencies a "scam" and said he wasn't a "fan" of bitcoin.
How ‘Deepfake Elon Musk’ Became the Internet’s Biggest Scammer
Thousands of these A.I.-driven videos, known as deepfakes, have flooded the internet in recent months featuring phony versions of Mr. Musk deceiving scores of would-be investors. A.I.-powered deepfakes are expected to contribute to billions of dollars in fraud losses each year, according to estimates from Deloitte.
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Market Pundit Says XRP is the Biggest Scam in Crypto
Widely followed crypto pundit “Max Prime” has boldly asserted that XRP is the greatest scam in the crypto scene, citing its failure to ascend in the face of crucial events.?
Educational
Presale Tokenomics - A Guide For Project Owners ?
This guide will walk you through the basics of presale tokenomics, including selecting a launchpad, choosing the appropriate blockchain, and understanding fundamental tokenomics principles.
What is a DAO and How to create one?
A Decentralized Autonomous Organization is an organization that functions and operates with the help of smart contracts. These smart contracts are self-executing, and therefore reduce the risk of being hacked by eliminating the need for human cooperation. DAOs are open and transparent, allowing any user to participate in decision-making and take part in shaping the future of the organization.