1️⃣ Embrace Decentralization: Web3 empowers you to participate in a decentralized world, where control and ownership are in your hands! 🌍🔐

2️⃣ Explore Blockchain: Dive into the fascinating world of blockchain technology, understanding its potential for transparency, security, and efficiency! ⛓️🔒💡

3️⃣ Token Economy: Get familiar with tokenomics, as digital assets play a pivotal role in Web3 ecosystems, driving incentives and value creation! 💰📈💎

4️⃣ NFT Craze: Discover the excitement of Non-Fungible Tokens, where unique digital assets open doors to creativity, art, collectibles, and beyond! 🎨🔥🔖

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$LTC $SOL $PEPE

#multichain #GOATMoments #MultiversX

In a surprising turn of events, the Multichain platform has witnessed a sudden halt in activity, sparking suspicions of a potential hack or rugpull rather than a planned migration. Alarming reports have emerged of multiple bridges being drained, indicating a possible breach in the system's security. However, there is a silver lining as it seems that there is no immediate need to revoke approvals.

https://etherscan.io/tx/0xde3eed5656263b85d43a89f1d2f6af8fde0d93e49f4642053164d773507323f8

The timeline of events paints a concerning picture:

4:21 PM UTC - First Suspicious Transaction: A transaction is sent, raising eyebrows regarding its nature and intent. Link to transaction

6:33 PM UTC - Draining of 30MM WBTC from Multichain Bridge: Disturbingly, a significant amount of Wrapped Bitcoin (WBTC) and other assets are withdrawn from the Multichain bridge. Link to transaction

7:06 PM UTC - PeckShield's Warning: Renowned blockchain security firm, PeckShield, tweets about the situation, further fueling concerns among the crypto community. Link to tweet

7:35 PM UTC - LayerZero Denies Involvement: LayerZero, a prominent blockchain infrastructure provider, confirms that they are not directly involved in the suspicious activities, adding another layer of uncertainty to the situation.

7:46 PM UTC - Drainage of Moonriver Bridge: The draining spree expands as the Multichain Moonriver bridge falls victim to the mysterious transactions. Link to transaction

8:05 PM UTC - Draining of Dogechain Bridge: The Multichain Dogechain bridge becomes the next target of the ongoing drainage, deepening concerns about the extent of the breach. Link to transaction

The series of events has left the cryptocurrency community on edge as they await further information about the motives behind these suspicious activities. The draining of multiple bridges suggests a coordinated effort to siphon funds from the Multichain ecosystem.

Despite the gravity of the situation, there is some relief in the fact that approvals do not require immediate revocation. However, it is crucial for users and stakeholders to exercise caution and closely monitor developments surrounding Multichain to safeguard their assets.

As investigations unfold, the Multichain team must work swiftly to identify the root cause of these incidents, enhance security measures, and provide transparent updates to regain the trust of their users and the wider cryptocurrency community.

#hackers #rugpull #multichain #MULTI $MULTI

#cryptocurrency has taken the financial world by storm, offering exciting opportunities for investors and traders alike. However, not everything in the crypto space is as promising as it seems. Among the pitfalls that many enthusiasts encounter are Telegram Pump & Dump groups, where unscrupulous individuals come together to manipulate prices for their own profit. As a responsible crypto participant, it's crucial to safeguard yourself from these groups and make informed decisions.

1. Knowledge is Power

The first line of defence against pump & dump groups is knowledge. Educate yourself about cryptocurrencies, how markets function, and the factors influencing price movements. Learn to distinguish genuine projects from those with questionable intentions. Understand that no coin can guarantee astronomical gains overnight. The more you know, the less likely you are to fall prey to false promises.

2. Spot Suspicious Claims

Be wary of Telegram groups promising "guaranteed profits" or "100x gains." Remember, if it sounds too good to be true, it probably is. Legitimate investments come with risks and rewards, and no one can predict market movements with absolute certainty. Stay away from channels that focus solely on hyping up a single coin without providing adequate research or analysis.

3. Research, Research, Research

Before investing in any cryptocurrency, perform thorough research. Analyze the project's fundamentals, team members, technology, use cases, and community support. Trustworthy projects have transparent information available on their websites and social media channels. Engage in discussions with experienced traders and investors to gain insights.

4. Avoid FOMO (Fear of Missing Out)

Telegram Pump & Dump groups often prey on emotions, particularly the fear of missing out on massive gains. Avoid making impulsive decisions based on hype or sudden market movements. Stay level-headed and stick to your investment strategy, which should be based on research and long-term goals.

5. Look for Strong Community Presence

Legitimate projects have active and engaged communities. Join official channels and forums to interact with fellow investors and project representatives. Healthy discussions and regular updates indicate a genuine project that values its community and investors.

6. Steer Clear of Unknown Exchanges

Pump & Dump groups often operate on small and lesser-known exchanges with low liquidity. Avoid trading on such platforms as they may be more susceptible to manipulation. Stick to reputable exchanges with strong security measures and regulatory compliance.

7. Trust Your Instincts

If something feels off or too aggressive in a Telegram group, trust your instincts and exit immediately. Don't be swayed by the fear of missing out or the pressure to act quickly. Genuine opportunities will present themselves without urgency.

Conclusion

In the crypto space, as in life, vigilance and knowledge are key. Telegram Pump & Dump groups may appear enticing, but they come with significant risks that could lead to financial losses. By staying informed, conducting thorough research, and trusting your instincts, you can protect yourself from falling into these traps. Remember, responsible investing is a journey that requires patience, discipline, and an unwavering commitment to learning and growing in the crypto space

#crypto2023 #multichain

CryptosHeadlines.com - The Leading Crypto Research Network:

Binance will introduce the Seed Tag and Monitoring Tag on July 26, designed specifically for high volatility and high-risk tokens.

Binance, the world’s largest cryptocurrency exchange, made new announcements, stating the launch of the Seed Tag and Monitoring Tag on July 26. These tags are designed for high volatility and high-risk tokens.

Binance announced that the Seed Tag will replace the Innovation Zone, introduced based on user feedback.

These specially designed tags are intended for high volatility and high-risk tokens, and users will need to pass an exam to trade tokens with these tags.

Binance has announced the launch of Seed and Tracking Tags on 26/07/2023, in response to community feedback about the difficulty of distinguishing tokens in the Innovation Zone and Main Trading Zone.

To access tokens marked with these tags, users must pass exams and accept the terms every 90 days on Binance Spot and/or Binance Margin platforms.

The tests aim to ensure users understand the risks associated with trading tokens labeled with Seed and Tracking Tags.

Binance will regularly review tagged tokens and update tags based on the latest findings.

A risk warning banner will be displayed for all tokens with Seed and Tracking Labels. The Seed Label will replace the Innovation Zone and apply to existing and future listings of innovative projects with potentially higher volatility and risk.

Binance will apply the Tracking Tag to numbered tokens, along with coining tags like Acropolis (AKRO), Ark (ARK), Cream Finance (CREAM), FTX Token (FTT), Tornado Cash (TORN), and Multichain (MULTI). These tokens are known for their notably higher volatility and risks compared to other listed altcoins.

Binance’s new sticker app aims to offer users greater transparency and information about the risks linked to cryptocurrency investments. Additionally, Binance revealed its plan to list the first digital USD, First Digital USD (FDUSD), today.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ftt #multichain #tornadocash #ark