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Crypto Extraction
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Do you guys come from those countries?

Do you guys come from those countries?

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Crypto Extraction
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Binance Ramadan Red Packet Giveaway Get 0.01 to 3 FDUSD through scanning the barcode using the binance app Don't forget to share your so all of us can benefit We wish you good luck and happy Ramadan this binance faucet, let's go 🔥 #BinanceRedPacketGiveaway
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$1 Billion Hacked and Exploited in the Past 8 Months Over the past 8 months, according to data from the REKT database, hacks and exploits have amounted to a staggering $1.307 billion in losses for users. 💸 In February 2024 alone, the Dapp ecosystem fell victim to a devastating hack, resulting in the loss of $148 million. 😱 Dappradar highlights that these losses stem primarily from exchanges and DeFi platforms. 📉 Within the exchange sector, two significant events occurred: the exit scam of Bitforex, where users were locked out of the website before its shutdown, and an exploit at FixedFloat resulting in a $26.1 million loss. 💻 On the other hand, in the DeFi sector, a breach of user private keys on PlayDapp, an Ethereum and Polygon-based play-to-earn gaming platform, led to losses of approximately $32.3 million. 🔐 It is crucial to safeguard your private keys and diversify your funds across various exchanges. 💰 To enhance security in the WEB3 sector, consider using a new wallet with only a small amount of funds and utilize the Binance Pro APP for convenient WEB3 without accessing the links. 🌐 Reference: Gherghelas, S. (2024, March 7). Crypto Hype Pushes Dapp Industry Adoption to New All-Time High with 6,7 Million Daily Wallets. DappRadar. https://dappradar.com/blog/crypto-hype-pushes-dapp-industry-adoption-to-new-all-time-high-with-67-million-daily-wallets #Dappecosystem #binanceweb3 #web3 #dapphack #hack #security #cryptosecurity #cryptoextraction 🚀
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👋 Have you secured your crypto centralized exchange? 🛡️ There are 3 layers of security to be applied on securing your crypto centralized exchange: Layer 1: Find a reputable exchange with a great history, team, and founder. Remember humans are a great investment because we trade with other humans. 👥 Place a strong password on your CEX, make sure it is not only 8 words or signs, the longer the better, and don’t use the same password on any other of your accounts. 🔒 If there is an update on the CEX application, please update it as they might reduce bugs or add extra security. 📲 Layer 2: Once you are done with layer 1, now it's time to set up your 2FA (two-factor authentication). SMS 2FA is no longer safe and not recommended anymore due to the possibility of SIM swap. 📵 Email 2FA is better than SMS. Make sure you use a 2FA app on your email instead of SMS 2FA. 📧 Application 2FA is more sophisticated compared to SMS or email 2FA. Examples are Google Authenticator or Authy. 🔑 Layer 3: Biometrics are used to prevent other people from using your ID, for instance, face biometrics or fingerprint. 🤖 YubiKey is the highest level of security that you may need as your account goes higher. This is a physical key that needs to be plugged when you enter your account, so other people can’t enter your account without it. Compared to all 2FA that are available in layer 2 that are free to access and create without buying anything, YubiKey needs additional investment as it has a price tag on it and makes your account more secure. 🔑🔒 📝 Notes: This is for CEX security only. If you are heavily into DeFi, we recommend using a hardware wallet and remembering where you place your key. 💡 {crypto, cryptosecurity, security, biometric, yubikey, 2fa] #crypto #cryptoextraction #cryposecurity #crypto2fa #2fa #cefi #centralized #exchange
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Have you enjoy your Bitcoin journey?
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Don’t trust and verify it, Satoshi. Satoshi emphasized the need for fast distribution and validation of transactions, with a maximum processing time of 10 seconds across all nodes, to prevent double spending💰. When a node receives a transaction, it must quickly validate and spread the information to all nodes to prevent attackers from spending the same amount in another transaction. 🚀 Fast distribution and validation can outcompete other nodes that have seen the same transaction from the same spender. Reference: Satoshi. (2010, July 29). Re: Scalability and transaction rate. Bitcoin Forum. https://bitcointalk.org/index.php?topic=532.msg6306#msg6306
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