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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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🛑 SCAM ALERT! Elon Musk strikes again! 🛑 😂 In a recent tweet, he recommended investing in Argentina, and guess what happened? Some clever developers created a token called "Argentina"! 🤣 I mean, we've seen people make tokens based on Musk's tweets before, but this one takes the cake! So here's the scoop: the project currently has a market cap of over $560,000 and has pumped more than 10,000%. 📈 Now, let's take a moment to reflect. What do you do when you come across projects like this? It's pretty obvious: RUN! 💨 These tokens have no real utility or backing, and they're in no way connected or affiliated with Argentina. We're living in a wild era of cryptocurrency, my friends. Everyone is scrambling to create their own tokens and dump them on unsuspecting followers. It's like a scramble for the last piece of 🍰 at a buffet! So, I urge you all to be cautious out there. Remember, not every opportunity that comes knocking is legit. Take a step back, do your research, and don't get caught up in the hype. The creativity of scammers in the crypto world never ceases to amaze me. While it's amusing to see these token creations based on Elon Musk's tweets, it's also a stark reminder to be cautious and do thorough research before investing in any project. Don't let FOMO (Fear of Missing Out) blind you from potential scams. Stay vigilant and invest responsibly! 😎🚀 Stafe safe with @Mende #scamalert #elonmusk #btc -#bullorbear #argentina $BTC $ETH $BNB

🛑 SCAM ALERT! Elon Musk strikes again! 🛑 😂

In a recent tweet, he recommended investing in Argentina, and guess what happened?

Some clever developers created a token called "Argentina"! 🤣 I mean, we've seen people make tokens based on Musk's tweets before, but this one takes the cake! So here's the scoop: the project currently has a market cap of over $560,000 and has pumped more than 10,000%. 📈

Now, let's take a moment to reflect. What do you do when you come across projects like this? It's pretty obvious: RUN! 💨 These tokens have no real utility or backing, and they're in no way connected or affiliated with Argentina. We're living in a wild era of cryptocurrency, my friends. Everyone is scrambling to create their own tokens and dump them on unsuspecting followers. It's like a scramble for the last piece of 🍰 at a buffet!

So, I urge you all to be cautious out there. Remember, not every opportunity that comes knocking is legit. Take a step back, do your research, and don't get caught up in the hype.

The creativity of scammers in the crypto world never ceases to amaze me. While it's amusing to see these token creations based on Elon Musk's tweets, it's also a stark reminder to be cautious and do thorough research before investing in any project. Don't let FOMO (Fear of Missing Out) blind you from potential scams. Stay vigilant and invest responsibly! 😎🚀

Stafe safe with @Professor Mende - Founder of BONUZ Project - in Dubai UAE

#scamalert #elonmusk #btc -#bullorbear #argentina

$BTC $ETH $BNB

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🚨💸 $7M LOSS AND 80% DIVE FOR HACKED HLG TOKEN 💸🚨 Holograph, a leading omnichain tokenization platform which recently was part of the BINANCE AIRDROPS, recently experienced a major smart contract exploit, resulting in the loss of 1 billion HLG tokens valued at approximately $7 million. This incident has caused a significant drop in the value of the HLG token. 📉 Token Impact: Following the exploit, the project’s native HLG token plunged by about 80% within 24 hours after the attack, dropping to as low as $0.0029 before slightly recovering to $0.0068. The tokens had been airdropped to the community in May. 🔍 The Hack: The platform confirmed on X (formerly Twitter) that its Holograph Operator Contract had been compromised by a malicious actor who minted 1 billion HLG tokens. Initial Response: The exploit has been patched, and Holograph’s team is working with exchanges to lock compromised accounts. The team has also launched an investigation and is in the process of contacting law enforcement. Value at Theft: On-chain data indicates the stolen tokens were valued at around $7 million at the time of the incident. 🕵️‍♂️ Hacker Strategy: Blockchain security platform Cyvers reported that some of the stolen tokens were swapped for the USDT stablecoin, which the attacker used to acquire 300 ETH. The hacker then distributed the funds to various addresses, including those linked to privacy protocols like Tornado Cash and Railgun. Current Holdings: On-chain data shows the exploiter’s address still holds about 47.59 ETH, valued at around $167,000 at press time. 📊 Analysis: Matt Casto, a DeFi researcher at CMT Digital, suggested that the attacker was likely “a rogue dev who funded the address 26 days ago,” noting that the address used to receive the minted supply. 👇 What are your thoughts on the recent Holograph hack? I guess it shows us that no project is totally save! #HLG #Binanceairdrops #airdrop #hack #alert $SHIB $PEPE $DOGE
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🚨📊 60% OF US CRYPTO INVESTORS DON’T UNDERSTAND BLOCKCHAIN 📊🚨 A recent survey by Preply reveals that a significant 60% of U.S. cryptocurrency investors do not understand blockchain technology. This study highlights the knowledge gap among different generations, with notable interest in learning more about cryptocurrency and blockchain. According to Preply’s findings, approximately 40% of surveyed Gen Z crypto investors in the U.S. lacked confidence in their cryptocurrency knowledge. This lack of confidence was even higher among millennials (35%) and Gen X (32%). The study also revealed that 60% of U.S. crypto investors “don’t know what blockchain is.” Knowledge Gap: Gen Z: 40% lack confidence in crypto knowledge Millennials: 35% lack confidence Gen X: 32% lack confidence 📈 Interest in Learning: Despite the knowledge gap, the study showed a strong interest in learning about cryptocurrency and blockchain: Overall Interest: 27% of those who have never invested in crypto expressed interest in taking classes to learn more. By Gender: 54% of surveyed men and 53% of women showed interest in learning more. 📈 Generational Interest: Gen X: 57% want to learn more Gen Z: 41% express interest in learning about crypto but have the lowest willingness to learn. 🎨 Baby Boomers Show Least Interest in NFTs: The study also discovered varying interest levels in digital assets other than crypto across generations: NFT Investment: Millennials: 12% have invested in NFTs Baby Boomers: Only 4% have invested Commenting on the findings related to crypto investors’ interest in NFTs and the metaverse, the survey report stated: Confidence in NFTs and Metaverse: Only 42% of respondents felt confident in their understanding of NFTs and the metaverse. Investment Excitement: 11% were excited about investing in NFTs, while 32% were curious about joining the metaverse. I think this only shows that we're still early in the web3 space and many more opportunities will emerge. What are your thoughts on this?
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🚨⚖️ SEC DEMANDS $102.6 MILLION FROM RIPPLE IN XRP CASE ⚖️🚨 The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, significantly reduced from the nearly $2 billion initially sought. 🔍 The SEC has responded to Ripple Labs’ request for a lower penalty in the ongoing XRP case. Ripple suggested a penalty of no more than $10 million, referencing the Terraform Labs settlement. Initially, the SEC sought nearly $2 billion in a final judgment against Ripple. SEC's Clarification: In a letter to District Judge Analisa Torres on June 14, the SEC explained that comparing the penalty to the Terraform Labs settlement is inappropriate as Terraform Labs is bankrupt and has agreed to significant measures, including burning “the keys to all of its crypto asset securities,” returning funds to investors, and removing board members involved in the violations. The SEC says that Ripple has not agreed to any similar measures. 📉 SEC’s Position on Penalty Amount: Ripple’s Conduct: The SEC argued that Ripple’s continued conduct and failure to acknowledge violations justify a higher penalty. The regulator noted that “resolutions where cash-strapped defendants agree to return funds to victims quickly and voluntarily cease their violative conduct are unhelpful” in deciding penalties for a wealthy defendant like Ripple. Comparison to Terraform: Ripple compared the size of the Terraform penalty to its gross sales, but the SEC stressed this is not an accurate comparison. The SEC highlighted that the penalty should be compared to the gross profit of the violative conduct. For Terraform, the ratio was 11.7% ($420 million/$3.587 billion). Calculation for Ripple: Applying the 11.7% ratio to Ripple’s $876.3 million in gross profits results in a $102.6 million penalty. The SEC concluded that a $10 million penalty “would not satisfy the purposes of the civil penalty statutes.” Stay updated with @Professor Mende - Founder of BONUZ Project - in Dubai UAE #Ripple #SEC #XRP $XRP $BTC $ETH
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