Crypto Sleuth reports a staggering $47 million loss to phishing scams in February, with over 57,000 individuals falling victim. Fake accounts on X emerge as prime suspects.
A massive theft of over $6 million occurred on February 15, followed by another significant loss of about $3 million on February 28. All 29 days of the month witnessed crypto thefts and scams.
Victims were mostly lured to phishing websites through impersonated Twitter accounts. Signatures like Permit and IncreaseAllowance contributed to the majority of thefts.
Ethereum mainnet bears the brunt with 78% of the thefts, predominantly targeting ERC-20 tokens, which constitute 86% of the total assets stolen. However, the number of victims losing over $1 million decreased by 75% compared to the previous month.
In the final week of February, MicroStrategy's X account fell victim to hacking, resulting in a user losing over $420K to a malicious link within minutes of its appearance.
Ripple CTO David Schwartz claims immunity to phishing, contrasting with co-founder Chris Larsen's loss of 213 million XRP, valued at over $110 million, due to unauthorized access.
False claims about a US Treasury-linked XRP wallet were spread by influencers, leading to the exposure of a crypto scam. The wallet, initially believed to be tied to major financial institutions, was traced to the Philippines and debunked as fraudulent.
WeatherlyWith the potential TikTok ban, millions of users are migrating to Xiaohongshu, which has quickly gained popularity, especially among content creators. The platform is becoming a new hub for viral trends, memes, and crypto discussions, blending Chinese and Western cultures.
JoyRipple CEO Brad Garlinghouse’s meeting with Donald Trump at Mar-a-Lago signals a strong start to 2025, driven by legal victories and XRP optimism. Ripple CLO Stuart Alderoty also praised the beef bourguignon. With Trump’s ongoing meetings with tech leaders, what’s next on the menu and agenda?
KikyoA recent study found that most crypto advice on TikTok is misleading, with over half of videos promoting risky investments without proper warnings. Many influencers push specific coins, make unrealistic promises, and lack proper qualifications, putting viewers at high financial risk.
WeatherlyRipple’s RLUSD stablecoin has received regulatory approval from the NYDFS, enabling its launch. The approval positions RLUSD to compete with major stablecoins like USDT and USDC, with Ripple planning partnerships and expansion into the DeFi space.
WeatherlyPresident-elect Trump has named former SEC commissioner Paul Atkins to replace Gary Gensler as SEC Chair, a move seen as crypto-friendly. Praised by Trump as a "proven leader" with regulatory expertise, Atkins' appointment has garnered support from the crypto community, including Ripple CEO Brad Garlinghouse. Does this mark a new chapter for crypto regulation, leaving Gensler's contentious policies behind?
CatherineA recent speech by SEC Chairman has left many speculating about his potential resignation from the SEC.
XingChiThe cryptocurrency community is enraged after Chris Larsen, co-founder of Ripple, revealed that he had made an additional $10 million donation in XRP to support Vice President Kamala Harris’s campaign.
XingChiRipple CEO Brad Garlinghouse revealed that Citigroup terminated his banking relationship due to his involvement in the crypto industry, highlighting the growing issue of de-banking for crypto professionals. He criticised the Biden administration's regulatory stance and expressed optimism for a more favourable crypto environment after the upcoming presidential elections.
AnaisDonald Trump has raised approximately $7.5 million in cryptocurrency donations for his 2024 presidential campaign, with major contributions coming from Bitcoin, Ether, and XRP. The influx of crypto donations reflects his shift from a critic to a pro-crypto candidate, gaining support from key figures in the industry.
AnaisThe bank also predicts that the Ethereum ETF, expected to be approved on May 23, will lead to inflows of up to $45 billion in the first 12 months, with Ethereum prices climbing to $8,000 by the end of 2024.
JinseFinanceThe Web3 Foundation, an organization that continues to explore and promote the development of blockchain technology and decentralized applications, officially announced the launch of its decentralized future plan. At the same time, this move also officially sounded the clarion call for Polkadot to move towards a new future.
JinseFinanceMarch saw meme coin surge in crypto bull market. Dogwifhat (WIF) on Solana blockchain made millionaires from small investments. Recent gains indicate momentum. Success highlights meme coins' potential in broader crypto rally.
Huang BoThe operation is being touted as one of the largest seizure of cryptocurrency assets by the BKA till date.
cryptopotatoCrypto exchange platform Binance has concluded its 21st quarterly BNB burn, eliminating around $547 million worth of BNB tokens from its supply.
OthersData shows the crypto futures market has observed almost $350 million liquidations during the past 24 hours as Bitcoin briefly ...
BitcoinistThe Crema Finance team awarded the hacker who made off with nearly $10 million in funds from the protocol 16.7% of the stolen funds as a white hat bounty.
CointelegraphRoger Ver, who did not mention CoinFLEX by name, said he was not “delinquent on his counterparty” and claimed the platform owed him “a substantial amount of money.”
CointelegraphMark Lamb, CEO of cryptocurrency exchange CoinFLEX, tweeted that a notice of default had been issued to Roger Ver, an early investor in Bitcoin and proponent and promoter of Bitcoin Cash (BCH), Lamb claimed that Ver owed CoinFLEX $47 million USDC.
链向资讯Attackers have exploited a bug in the Osmosis exchange to the tune of $5M as FireStake validators admit to their role in racking up roughly $2M before stepping forward.
Cointelegraph