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His carelessness caused him trouble: 68 million dollars lost! A mysterious trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an “address poisoning” scam. The $68 million theft was first revealed by onchain security firm Cyvers in a May 3 X post: “Are we wrong, or did someone really lose $68 million worth of #WBTC ? Our system detected another address that fell victim to address poisoning and lost $1,155WBTC.” According to CoinStats, the victim with wallet “0x1E” lost more than 97 percent of his total assets, valued at over $67.8 million. Scams continue to erode mainstream trust in the crypto industry. In April, investors lost at least $33 million in digital assets in the fraud case surrounding the ZKasino gambling platform. Dutch authorities arrested a suspect in connection with the ZCasino scam on April 29. #altcoins #BlackRock #MicroStrategy #BTC #CryptoWatchMay2024 $BTC

His carelessness caused him trouble: 68 million dollars lost!

A mysterious trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an “address poisoning” scam.

The $68 million theft was first revealed by onchain security firm Cyvers in a May 3 X post:

“Are we wrong, or did someone really lose $68 million worth of #WBTC ? Our system detected another address that fell victim to address poisoning and lost $1,155WBTC.”

According to CoinStats, the victim with wallet “0x1E” lost more than 97 percent of his total assets, valued at over $67.8 million.

Scams continue to erode mainstream trust in the crypto industry. In April, investors lost at least $33 million in digital assets in the fraud case surrounding the ZKasino gambling platform. Dutch authorities arrested a suspect in connection with the ZCasino scam on April 29. #altcoins #BlackRock #MicroStrategy #BTC #CryptoWatchMay2024 $BTC

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$2 billion maturity expires in Bitcoin and Ethereum: What happens now? Today is an important day in the cryptocurrency world. In total, more than $2 billion worth of options will expire in the Bitcoin and Ethereum markets. According to data on the derivatives market, 18,000 Bitcoin options worth a total of $1.2 billion and 320,000 Ethereum options worth $930 million will expire. This large expiration can have significant impacts on the direction and volatility of markets. Currently, Bitcoin is trading at $65,569 while Ethereum is trading at $2,944. The situation of the markets before this critical day provides important clues in terms of how investors take their positions and understanding the general atmosphere in the market. Put-Call Ratios and Investor Behaviors Put-call ratio is an important metric used to understand which direction investors are more inclined in the options market. The put-call ratio was recorded as 0.63 for Bitcoin options and 0.28 for Ethereum options. A put-call ratio below 1 indicates that more call options are purchased than put options. This shows that investors generally have bullish expectations in the market. Effect of Options Market on Market Prices As options expire, investors may have to close or hedge their positions. This process can often create additional buying or selling pressure in the spot market, resulting in short-term fluctuations in prices. The impact of today's major expiry in the Bitcoin and Ethereum markets on prices will be closely monitored. Performance of Spot #Bitcoin ETFs in the US This week, spot Bitcoin #ETFs in the US showed a more positive performance compared to previous weeks. Spot ETFs play an important role in the adoption and liquidity of cryptocurrencies. The positive performance of spot ETFs could contribute to improving overall market sentiment and support Bitcoin's price movements. $BTC $ETH #CMEBitcoinSpotTrading #BinanceLaunchpool #BTC $BTC
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