Participate in our #MarketDownturn campaign for a chance to win up to 1000 USDC! Share your thoughts on the crypto market drop, its causes, and your strategies for making the most out of it. Let's stay strong and navigate this market together!
Campaign Period: 2024-08-05 00:00 to 2024-08-11 23:59 (UTC)

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Post your insights on the crypto market drop using the hashtag #MarketDownturn on Binance Square.
Include:
Analysis of what's causing the market drop;Your strategies for capitalizing on the downturn;Tips for staying strong and resilient during market fluctuations.
Make sure your post has a minimum length of 200 characters.

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Make certain your shared content is original and filled with insightful information. Posts with high engagement lacking original content may be disqualified.

Winner Selection: 
Twenty posts generating the most unique engagement will each be rewarded with 50 USDC.

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This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 200 characters will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.Should a creator be declared a winner and be rewarded in any campaign, but subsequent findings reveal a violation of the campaign's rules on their part, their eligibility for future rewards will be suspended. The suspension period will commence from the end date of the campaign where the violation occurred and will last for 30 days.The content needs to be posted in Binance Square organically to qualify for the reward.In order to be eligible for a reward, your account must be completely configured, which includes a properly set up username and a profile picture. Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.

Meet Malone Lam.

In August 2024, he scammed someone of 4,100 BTC and then bought 31 supercars.

Here’s the simple trick he used:

We put a lot of research and work into this thread before reading it.🙏 🚨

Very Important 🚨 Please follow @Coinaute and 🩷Like + Comment and ✅ Share #binance #MarketDownturn

A 20-year-old Singaporean, Malone Lam, and his accomplice, Jeandiel Serrano were arrested for stealing $230M in crypto from an anonymous man a few months ago.

How did it happen?
The scammers caused an "unauthorized Google account access" notification to be sent to the victim.

Days later, Malone called the victim pretending to be a Google employee, asking about the unauthorized access attempts.

After a series of back-and-forths, he managed to manipulate the victim into giving him enough information to access their Google Drive.

This was where they found his personal information including details of his crypto holdings with Gemini.
His partner, Jeandiel, then called the victim again, this time posing as a Gemini employee.

He was also able to convince the victim to download some software that was supposed to help protect his crypto holdings.

The scammers used this software to gain access to his private keys and then stole up to 4,100 bitcoins.

This was worth $230M at the time.

They then laundered the stolen funds through various crypto exchanges and mixing services.
How did they get caught?

Malone went on an absolute spending spree with his share of the loot.

He hit the streets of Los Angeles and spent $569k in one night at a club!

He also gave away 5 Hermés Birkin bags to random ladies at the club.
Court documents later revealed he had bought 31 supercars, a $2M watch, and rented several luxury apartments across LA and Miami.

He was arrested in Miami after arriving there by a private jet from Los Angeles.
The Malone heist proves how easily one could lose their crypto assets to social engineering attacks.

Here are three ways you can protect yours:
1/ Guard your device from unauthorized access:

Do not give remote access to your device to individuals whose identity you have not verified.

This way, you don’t become a victim of unauthorized control over your sensitive data.

2/ Enable 2-Factor Authentication:

This is especially critical for email and cloud accounts where sensitive data may be stored.

Ideally, choose an authenticator app, or in the case of Edge, use our built-in 2FA, but be sure to avoid SMS-based 2FA to avoid SIM-swapping attacks.
3/Embrace secure key storage:

Recognize the risks associated with storing your private keys in a CEX.
You're as vulnerable as the victim in the Malone case.

To protect your assets, seek out wallets that offer more secure key management, self-custody, and ease of use like Edge.
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$BTC dominance is peaking, and liquidity is flowing into alts.
The MASSIVE PUMP starts in just 2-3 months!
Your $600 invested today = $41,000 in 2025 year
Here's a list of alts in accumulation with 10-100x potential🧵👇

We put a lot of research and work into this thread before reading it.🙏 🚨

Very Important 🚨 Please follow @Coinaute and 🩷Like + Comment and ✅ Share #Binance e #MarketDownturn
➢ Yesterday, when #BTC started dropping again, Bitcoin dominance also began to fall.

➢ The reaction of altcoins during the $BTC decline was either stable or slightly rising, which indicates that liquidity is moving from #Bitcoin to altcoins.
Most altcoins are in accumulation or near the accumulation zone.

➢ We need to choose altcoins with good charts and strong narratives.

➢ Strong Narratives:
- AI
- RWA
- DePIN

➢ Charts:
1) In the accumulation zone
2) Testing/near the accumulation zone
3) Holding strong during declines (dropping the least)
1/ $MANTA

@MantaNetwork offers two networks: Pacific, a scalable, low-cost ZK EVM for Solidity apps, and Atlantic, a fast ZK L1 on $DOT with programmable identities and zkSBTs for web3.

➢ Sector: ZK, Modular
➢ Price $0.93
➢ Market Cap: $359M
➢ Backed by: Binance, Polychain, Multicoin
➢ CA: 0x95CeF13441Be50d20cA4558CC0a27B601aC544E5
2/ $ZENT

@zentry is a gaming universe that extends beyond a typical DAO, featuring a story-driven and evolving product ecosystem.

➢ Sector: GameFI
➢ Price: $0.31
➢ Market Cap: $198M
➢ Backed by: Binance, Coinbase Ventures, Pantera
➢ $ETH CA: 0xdBB7a34Bf10169d6d2D0d02A6cbb436cF4381BFa
3/ $IO

@ionet the world's largest decentralized AI network, giving machine learning engineers scalable, distributed clusters at a fraction of the cost.

➢ Sector: AI, DePIN
➢ Price: $3.19
➢ Market Cap: $420M
➢ Backed by: Multicoin, Delphi Digital
➢ $SOL CA: BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K
4/ $PRCL

@Parcl is a RWA-focused decentralized exchange for trading real estste derivatives.

➢ Sector: RWA
➢ Price: $0.4
➢ Market Cap: $91M
➢ Backed by: Coinbase, DragonFly Capital
➢ $SOL CA: 4LLbsb5ReP3yEtYzmXewyGjcir5uXtKFURtaEUVC2AHs
5/ $GFI

@goldfinch_fi provides a decentralized credit protocol on Ethereum, using real-world factors to assess creditworthiness instead of crypto collateral.

➢ Sector: RWA
➢ Price $1.72
➢ Market Cap: $153M
➢ Backed by: A16Z, COINBASE
➢ $ETH CA: 0xdab396ccf3d84cf2d07c4454e10c8a6f5b008d2b