Hello My friends! :) I am an early user of GRASS @getgrass_io. trust me plz and JUST DOWNLOAD IT and start earn. STILL BETA. Incentivized Beta is live! #getgrass Join and start earning here: Go to https://app.getgrass.io ๐/register ๐referralCode ๐vhZcwjK0jpe0T1l ๐๐๐ค๐ค๐ค LOVE YOU ALL . GOD BLESS YOU
๐จ ๐จ โ ๏ธ โ ๏ธ ๐จ AVOID INVESTING YOUR ENTIRE INCOME IN CRYPTO
A friend of mine, excited by my daily profits, recently said, "I'm planning to put all my earnings from my job into crypto!" This is a major mistake and a quick way to lose your hard-earned money, leaving you without savings. It's smart to invest a portion of your income in crypto and stocks, but never allocate all or even most of your earnings to crypto. The cryptocurrency market is extremely volatile; while it can offer significant gains, it also comes with the risk of major losses. Over-investing can lead to emotional decisions and financial stress.
In the last bull market, I saw many people overextend themselves in crypto and lose several months' worth of salary. They bought at the highs and sold at the lows, resulting in substantial losses. To avoid this scenario, adopt a cautious and balanced investment strategy. Some might argue that crypto is unstoppable and dismiss the long-term risks. Don't fall into this trap. Instead, invest wisely, take profits when you can, and exit the market when appropriate. You'll be glad you did when the next cycle comes around.
This is my perspective. Thank you for reading. If you found this information useful, please like, comment, share, and subscribe. Your support is appreciated, and any tips help me continue providing insights about the crypto market. Thank you to those who contribute.
In a startling turn, the blockchain-based gaming platform Gala Games fell victim to a significant security breach, leading to the unauthorized minting of 5 billion GALA tokens, cumulatively valued at over $200 million.
This incident, which unfolded on May 20, 2024, exposed the fragility of decentralized systems and the dire need for robust security measures.
The exploit was first identified by a Solidity developer known as 0xquit, who reported that a compromised or rogue admin address was used to mint the tokens.
His revelation pointed toward the possibility of an internal security lapse or an external intrusion from a group of attackers. The attackerโs potential to create an additional 12 billion tokens was thwarted when the exploited address was blacklisted, effectively preventing any further unauthorized actions from that address.
In response to the breach, the Gala Games team acted swiftly to blacklist the hackerโs address, halting the sale of more tokens and limiting the damage.
The CEO of Gala Games, Eric Schiermeyer, took to social media to express his distress over the incident, acknowledging the failure in internal controls and assuring that steps were being taken to prevent future occurrences.
Schiermeyer stated, โWe messed up our internal controls. This shouldnโt have happened, and we are taking steps to ensure it doesnโt happen again. We believe we have identified the culprit, and we are currently working with the FBI, DOJ, and a network of international authorities.
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Hello My friends! :) I am an early user of GRASS @getgrass_io. trust me plz and JUST DOWNLOAD IT and start earn. STILL BETA. Incentivized Beta is live! #getgrass Join and start earning here: Go to https://app.getgrass.io ๐/register ๐referralCode ๐vhZcwjK0jpe0T1l ๐๐๐ค๐ค๐ค LOVE YOU ALL . GOD BLESS YOU