Pepe Coin, la fameuse “meme coin” qui a secoué le marché des cryptomonnaies cette année, est en train de devenir un véritable cauchemar pour ceux qui envisagent de la conserver à long terme. Derrière les promesses de gains rapides se cachent des risques majeurs que peu d’investisseurs semblent prêts à reconnaître.

Une ascension artificielle ?

Soyons clairs : Pepe n’a rien d’une révolution. Cette cryptomonnaie n’est qu’un produit de l’hystérie collective des réseaux sociaux, alimentée par des spéculateurs cherchant à attirer des investisseurs naïfs. Contrairement à des projets comme Bitcoin ou Ethereum, qui reposent sur des fondamentaux solides, Pepe est une coquille vide.

Le piège du pump and dump

Pepe est l’exemple parfait de la manipulation de marché. Les baleines — ces investisseurs possédant une quantité massive de tokens — manipulent les cours pour provoquer des hausses spectaculaires, attirant ainsi une vague de nouveaux entrants. Une fois la hype à son apogée, ils vendent tout, laissant les investisseurs individuels subir les pertes colossales. Vous voulez vraiment être la personne qui reste avec des tokens sans valeur ?

Une utilité inexistante

Posez-vous cette question : à quoi sert Pepe ? Absolument à rien. Pas de contrats intelligents, pas d’applications décentralisées, pas d’utilité dans l’écosystème blockchain. C’est un pari purement spéculatif, et dans un marché où la concurrence est féroce, les projets sans utilité concrète disparaissent aussi vite qu’ils sont apparus.

Un risque maximal dans un marché ultra compétitif

Le marché des meme coins est saturé. Chaque semaine, une nouvelle cryptomonnaie apparaît, promettant de devenir “le prochain Dogecoin”. Mais combien survivent ? Très peu. Pepe risque de subir le même sort, car les investisseurs se lassent rapidement des projets qui ne tiennent pas leurs promesses.

Une communauté toxique et trompeuse

Les forums et groupes sociaux autour de Pepe regorgent de messages vantant des “opportunités incroyables”. Mais attention : beaucoup de ces messages sont orchestrés par des insiders qui cherchent à gonfler artificiellement le prix. Une fois leur objectif atteint, ils se retirent, et les petits investisseurs se retrouvent à ramasser les morceaux.

Le verdict : Fuyez avant qu’il ne soit trop tard

Investir dans Pepe à long terme, c’est comme jouer à la roulette russe avec votre argent. Vous misez sur une tendance sans substance, dans l’espoir que l’hystérie se poursuive. Mais la réalité est simple : ce genre de projet finit toujours par s’effondrer.

Ne soyez pas la personne qui se réveille un matin avec un portefeuille rempli de tokens sans valeur. Soyez stratégique, analysez les fondamentaux, et investissez dans des projets ayant une réelle utilité et un potentiel de croissance durable.

#pepecoin #Cryptoscam #Investissement $PEPE

এক আলুর গুজবের শুরু
একদিন সকালবেলা, বাজারের সবজি দোকানে একটা খবর ছড়িয়ে পড়ল—
“এলাকায় ফ্রেঞ্চ ফ্রাই ফেস্টিভ্যাল 🍟 হচ্ছে! যেখানে আলুর ফ্রাই বানিয়ে সবাই পুরস্কার জিততে পারবে!”
এই খবর শুনে গ্রামে হৈচৈ পড়ে গেল। মানুষ গাড়ি, ঠেলাগাড়ি, এমনকি সাইকেলের ঝুড়ি নিয়েও বাজারে ছুটল। “১০ কেজি আলু দাও!”, “আমার তো ২০ কেজি লাগবে!”—চিৎকার শুরু।
আলুর দাম লাফিয়ে বেড়ে গেল। মনে হচ্ছিল, এই দাম শুধু চাঁদে গিয়ে থামবে।
মার্কেট কারেকশন: আলু-কাহিনীর প্রথম ধাক্কা
কিন্তু তখনই আসে বড় টুইস্ট। গ্রামের দারোগা জানাল, “আলুর কোনো অভাব নেই। আমরা গুদামে ঢুকে দেখেছি, পুরো আলুর পাহাড় জমে আছে!”
এখন যারা চড়া দামে আলু কিনেছিল, তারা মাথায় হাত দিয়ে বসে পড়ল।
“আমি তো ১০ গুণ বেশি দামে কিনলাম! ও আলু, তুই কেন এত নিষ্ঠুর!”
এদিকে দাম ১০% কমে গেল।
এটাই মার্কেট কারেকশন—গুজবের উত্তেজনা কমলে বাজারের দাম স্বাভাবিক অবস্থায় ফিরে আসে।
মার্কেট পুলব্যাক: আলু বাহিনী হাজির!
এরপর পাশের গ্রামের ব্যবসায়ীরা সুযোগ নিতে ছুটে এল। গরুর গাড়ি, নৌকা, এমনকি ভ্যানগাড়ি ভরে আলু নিয়ে তারা হাজির।
“এই যে, সস্তায় আলু কিনুন! আমাদের আলু আপনার পরিবারের জন্য!”
বাজারে আলুর ছড়াছড়ি দেখে দাম আরও ২৫% কমে গেল।
এটা মার্কেট পুলব্যাক—যখন নতুন প্রতিযোগিতা এসে বাজারে অস্থায়ী দাম কমিয়ে দেয়।
মার্কেট ক্র্যাশ: আলুর লঙ্কাকাণ্ড
একদিন সবাইকে চমকে দিয়ে সরকার ঘোষণা দিল, “চীন থেকে ১০ লাখ টন সস্তা আলু আমদানি করা হয়েছে। সবাই শান্ত থাকুন!”
মানুষ আতঙ্কিত হয়ে গেল।
“এত আলু দিয়ে আমরা কী করব? আমাদের আলু তো কেউ কিনবেই না!”
এক ধাক্কায় আলুর দাম ৫০% কমে গেল। আলু বিক্রেতারা কাঁদতে বসে গেল।
এটাই মার্কেট ক্র্যাশ—যখন বাজারের উপর বড় আঘাত আসে আর সবাই ক্ষতিগ্রস্ত হয়।
মার্কেট স্ক্যাম: ফ্রেঞ্চ ফ্রাই ফেস্টিভ্যালের আসল রহস্য
এবার ফাঁস হলো আসল সত্য।
ফ্রেঞ্চ ফ্রাই ফেস্টিভ্যাল আসলে ছিলই না। এটা ছিল আলু সিন্ডিকেটের চাল! তারা দাম বাড়ানোর জন্য গুজব ছড়িয়েছিল।
এই খবর শুনে মানুষ ক্ষোভে ফেটে পড়ল। “আমার গাঁটের টাকা লুট করলি!” বলে সবাই আলুর বস্তা নিয়ে সিন্ডিকেটের পিছনে দৌড়াল।
এটাই মার্কেট স্ক্যাম—যখন বাজারকে ইচ্ছাকৃতভাবে প্রতারণার মাধ্যমে চালানো হয়।
এখনকার ক্রিপ্টো বাজারে কী চলছে?
এই গল্প থেকে শিখুন।
আপনার প্রিয় ক্রিপ্টো কি আসলেই কারেকশন বা পুলব্যাকের মধ্যে? নাকি বড় কোনো স্ক্যামের গন্ধ পাচ্ছেন?
নিজের সিদ্ধান্ত নিন ডেটা দেখে, গুজব শুনে নয়।
এবার বলুন, আপনি ক্রিপ্টো মার্কেটে কতটা আলু-সচেতন? মন্তব্যে জানান!
#Cryptoscam #MarketCorrection

Learn How to Protect Your Digital Assets from the Rising Tide of Cryptocurrency Scams
In an age where cryptocurrency has become synonymous with wealth creation, the flip side of this digital coin is the lurking danger of scams. Today, I recount a chilling tale of my friend, whom we'll call Alex, who danced on the edge of losing a staggering $200,000 to a sophisticated crypto scam. This story not only serves as a cautionary tale but also enlightens us on how to navigate the murky waters of crypto investments safely.
The Beginning of a Nightmare
It all started innocuously enough for Alex, an IT professional with a keen interest in blockchain technology and cryptocurrency investments. One evening, while browsing through a popular crypto forum, Alex encountered a user, "CryptoSage," who was sharing insights on a new investment platform promising high-yield returns in Bitcoin. The platform, named "CryptoVault," boasted testimonials from seemingly successful investors and displayed an intuitive interface showing live trades, which piqued Alex's interest.
Alex, already holding a significant amount of Bitcoin, decided to diversify his portfolio. He contacted CryptoSage, who introduced him to a private group where members shared their investment success stories. The group was exclusive, with members claiming to be part of an elite circle of crypto investors. The sense of community and the promise of mentorship from "experienced traders" was intoxicating.
The Trap is Set
After weeks of discussion and observing the group's apparent success, Alex decided to invest. He transferred his first batch of $50,000 to CryptoVault, guided by CryptoSage. The platform showed Alex's investment growing, with daily reports of profits. Encouraged by this visual success, Alex increased his investment to $150,000, believing he had stumbled upon a lucrative opportunity.
However, the red flags began to appear. When Alex tried to withdraw some profits, he was met with requests for additional fees for "high-return withdrawal processing." Initially, he complied, thinking this was part of the process, but as the fees increased and his withdrawals were delayed, the reality dawned on him. The platform was a facade, and the profits were nothing but manipulated numbers on a dashboard.
The Narrow Escape
Fortunately for Alex, his background in IT made him suspicious. He conducted a reverse image search on the testimonials and found they were all fake. He also noticed that the platform's URL was a slight variation of a well-known legitimate site, a common tactic in phishing scams. Finally, he sought advice from a cybersecurity expert friend who confirmed his fears - CryptoVault was a scam.
With the help of his friend, Alex managed to freeze his last transaction, saving him from the full potential loss. However, the $50,000 he initially invested was gone, swallowed by the digital abyss of scam cryptocurrency platforms.
How to Avoid Crypto Scams
This story reflects the real dangers lurking in the crypto world. Here are key strategies to avoid falling victim to similar scams:
Do Your Own Research (DYOR): Never invest based on testimonials or group hype. Use tools like Etherscan or BscScan to verify transactions and addresses.
Check the Legitimacy: Look for official registration of the platform, reviews, and any history of scams associated with it. Use sites like ScamAdviser for initial checks.
Avoid High-Pressure Tactics: Scammers often use urgency to push for quick decisions. Take your time. If an offer sounds too good to be true, it probably is.
Secure Your Wallets: Use hardware wallets for significant investments and enable two-factor authentication on all accounts.
Educate Yourself: Join legitimate crypto communities, attend webinars, and read up on common scam tactics. Knowledge is your best defense.
Consult with Experts: Before making large investments, consult with or hire a financial advisor who specializes in crypto.
Report and Recover: If you suspect a scam, act fast. Report to authorities, and try to recover your funds through your bank or crypto exchanges if possible.

Alex's story resonates with the experiences of many in the crypto community who have faced or narrowly escaped similar scams. As cryptocurrencies continue to gain mainstream traction, the sophistication of scams evolves. By sharing these stories, we not only warn but also empower others in the crypto space to invest wisely and securely. Remember, in the digital world of crypto, vigilance is your best investment.
#CryptoScam #InvestmentScam
By spreading this tale, we aim to foster a safer, more informed crypto community. Share this story, educate your circle, and together, let's make the crypto world a scam-free environment.

Commission Uncovers Massive Cryptocurrency Scam
Nigeria’s Economic and Financial Crimes Commission (EFCC) conducted a raid resulting in the arrest of 792 suspects involved in schemes known as crypto romance scams. The fraudsters convinced victims to invest in fake cryptocurrency projects, leading to significant financial losses.
Links to International Groups
EFCC spokesperson Wilson Uwujaren revealed that among those arrested were 148 Chinese nationals and 40 Filipino citizens. The scammers operated from a luxury building in Lagos, Nigeria’s commercial hub. Most of the victims were citizens of the United States and Europe.
During the raid, agents seized computers, mobile phones, and vehicles. Uwujaren stated that Nigerian fraudsters were recruited by international groups to target victims online using phishing techniques. Once the victims’ trust was gained, their information was handed over to foreign counterparts, who carried out the fraud.
Collaboration with International Partners
The EFCC announced it is working with international partners to identify potential links to organized crime. This collaboration aims to strengthen actions against similar fraudulent activities.
Another Case: Nigerian Scammer Defrauds Australians of $5 Million
The arrests follow a separate case involving Osang Otukpa, who allegedly defrauded 139 Australians of $5.04 million (8 million AUD) through a fraudulent cryptocurrency platform called Liquid Asset Group.
Otukpa reportedly used five different aliases and lured victims through social media. EFCC agents apprehended Otukpa on December 6, shortly after he landed at Murtala Mohammed International Airport in Lagos. According to reports, he will be charged once the investigation is complete.
Conclusion
The EFCC continues to intensify its efforts to combat cryptocurrency fraud, working closely with global partners to curb these illegal activities. The crackdown on 792 suspects and cases like Otukpa’s highlight Nigeria’s strengthened fight against financial crimes.

#hackers , #Cryptoscam , #cryptofraud , #CryptoSecurity , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Initial Coin Offerings (ICOs) have become an increasingly popular way for companies to raise funds by offering investors a new cryptocurrency. ICOs are typically unregulated and are often used by scammers to defraud unsuspecting investors. In this article, we will discuss the various types of ICO scams and how to DYOR to identify them.

1. What is an ICO?

An ICO is a fundraising method in which a company creates a new cryptocurrency and offers it for sale to investors in exchange for established cryptocurrencies such as Bitcoin or Ethereum. ICOs are similar to Initial Public Offerings (IPOs), but with cryptocurrencies instead of shares.

2. Types of ICO scams

2.1 Exit Scam

Exit scam is a type of fraud where the creators of the ICO disappear after raising funds from investors, leaving investors with worthless tokens. The creators of the ICO may take the funds and never deliver the product or service promised. In some cases, they may even delete their website and social media accounts to avoid detection.

2.2 Pump and Dump Scam

In a pump and dump scam, scammers buy large quantities of a new cryptocurrency and then promote it heavily on social media and other channels to inflate its price. Once the price has risen, they sell their tokens, leaving other investors with worthless tokens.

2.3 Phishing Scam

In a phishing scam, scammers create fake ICO websites that look similar to legitimate ones. They use these sites to collect investor information, including email addresses and cryptocurrency wallet addresses, which they use to steal funds from investors.

2.4 Fake Team Scam

In a fake team scam, scammers create fake profiles of team members with impressive credentials to make the ICO appear more legitimate. However, when investors try to contact these team members, they find that they do not exist.

3. How to identify an ICO scam

3.1 Lack of transparency

If the ICO lacks transparency or fails to provide clear information about its team, product, or business model, it may be a scam.

3.2 Unrealistic promises

If an ICO promises unrealistic returns or claims to have no risks, it is likely a scam. Don't fall in Ludacris claims.

3.3 No clear roadmap

If an ICO does not have a clear roadmap or timeline for the development of its product or service, it may be a scam.

3.4 No code available

If an ICO does not provide access to its code or whitepaper, it may be a scam.

3.5 No clear use case

If an ICO does not have a clear use case for its token, it may be a scam. Usually these kind of project claim revolutionary change but in ground level they are zero.

Initial coins offerings are always a luring aspect for retail investors. The way a project market their ICO is somewhere people got hooked. There's no doubt 100s of good project our there with legit ICO and proper roadmap. But the number is tiny.

The anonymous nature of crypto sometimes boost these types of scam. So next time before investing a lucrative ICO make sure the project tick boxes all those area. If not it's a area of concern and you should do more research before putting penny on that.

Thank you guys reading my article. This article is a part of #feedfeverchallenge so support me by like & sharing this article and comment your opinions about this. If you want help in trading check out our trading posts.

For more follow this page or check our profile for more information. Till then #Trade_safe Friends.

#dyor #ICO #cryptoscam

4. Citations:

"What is an Initial Coin Offering (ICO)?" Investopedia, 2022, https://www.investopedia.com/terms/i/initial-coin-offering-ico.asp

"ICO Scams: How to Identify and Avoid Them," Forbes, 2021, https://www.forbes.com/advisor/investing/ico-scams/ "10 Warning Signs of ICO Scams," CryptoSlate, 2019, https://cryptoslate.com/10-warning-signs-of-ico-scams/

This is a real experience that unfolded tonight, and I’m sharing it to help others avoid falling into the same trap.

It started with a random phone call from a woman with a British accent asking if I’d recovered my Ledger. Confused, I said no. She then asked if I was in the Netherlands—again, no. She explained that an investigation had been opened, and I would soon receive further instructions.

Immediately after, I received an email from Ledger, seemingly legit, complete with a case number about Ledger recovery. The email appeared verified, and I was getting pulled in deeper. Not long after, I got another call, this time from a man named Adam, also with a British accent. He told me my device likely had corrupted firmware, and I was particularly vulnerable because I had just completed a firmware update on my Nano X.

Adam proceeded to explain that someone had recovered my private keys and was only missing my PIN to access my funds, which they could crack in 4 to 6 hours. At this point, red flags were going off, but the stress of the situation clouded my judgment, especially with the email that appeared directly from Ledger.

Adam directed me to a supposed diagnostic site to check for firmware corruption without unlocking my device. The result? A red error code. This heightened my anxiety, but things felt off when I ran the diagnostic again with my Nano X powered off—same error. Then I ran it on my Nano S, which isn’t even wireless, and got the same error. Something wasn’t adding up.

Then came the big ask: he wanted me to use the recovery feature and enter my seed phrase to generate new private keys. Alarm bells went off. Everyone knows to never enter seed words on a computer. He dangled the promise of $50,000 in insurance coverage if I followed "procedure" but hinted I could lose everything if I didn’t act fast.

Sensing the manipulation, I stalled and told him to call back in 30 minutes. Meanwhile, I hopped onto another computer, ran the diagnostics again on the wrong device, and still got the same error code—convinced now this was a scam. I initiated a chat with Ledger’s bot and, sure enough, received an email with a case number almost identical to the one the scammers had sent.

When Adam called back, I casually mentioned that I had opened another case with Ledger to confirm the diagnostic link. Click—he hung up immediately. That’s when I knew it was all a con.

These scammers were clever, using the Ledger chatbot to send emails that appeared legitimate and manipulating me through fear of losing access to my funds. Ledger never contacts you by phone—this is a big red flag to remember.

Fake Ledger Live Scam – $15K Drained from My Nano S

This isn’t the only scam targeting Ledger users. Earlier this year, I became the victim of a phishing attack, where hackers drained $15,000 worth of crypto from my Nano S after corrupting my PC. They deployed a fake version of Ledger Live that prompted me to share sensitive information.

Funds stolen:

0.17804 BTC (Bitcoin) – $7,835.66

10,699.6 ADA (Cardano) – $5,499.18

0.711888 ETH (Ethereum) – $1,592.85

4.0139 LTC (Litecoin) – $261.32

I know I made a critical error by entering my seed phrase, but the sophistication of these scams can fool even cautious users. If you’ve fallen victim, file a police report and share your information—maybe it can help bring these criminals down.

#cryptoscam #MemeCoinTrending #CanaryLitecoinETF

Hola, entusiastas de las criptomonedas,
Seguramente todos hemos oído hablar de los famosos grupos de señales de cripto. Si por casualidad no los conoces, básicamente son grupos donde uno o más "traders experimentados" te dan señales sobre cuándo comprar ciertas monedas y cuándo venderlas. Usualmente, cobran una tarifa mensual para formar parte del grupo. El grupo al que me uní ofrecía señales para trading spot y futuros con apalancamiento de hasta 50X.
Vi uno de estos grupos anunciándose mucho en redes sociales de mi país, y ofrecían tres días de prueba gratis, así que pensé: "¿Por qué no? Veamos de qué trata". Me uní a su grupo de Telegram, donde había unos 500 miembros. En el grupo, publicaban sus supuestos rendimientos altos, pero curiosamente, nunca mencionaban las pérdidas, lo típico. Este era el grupo "estándar", donde estaban las personas que aún no pagaban. Como tenía la prueba gratuita, me invitaron al grupo VIP.
Para aclarar, llevo tiempo haciendo trading intradía. No soy un experto, pero he logrado generar ganancias decentes, así que no soy un novato total. Decidí saltarme las señales para trading spot porque no quería quedarme con las "shitcoins" que sugerían. Solo me interesaban los futuros. Los administradores se hacían llamar "profesores" y afirmaban tener años de experiencia y carteras de cientos de miles de dólares, lo cual sería impresionante si fuera cierto (spoiler: no lo es).
¿Cómo funciona?
Básicamente, te envían una señal con precios de entrada, puntos de toma de ganancias y un stop loss. Usábamos Binance, y sugerían usar entre el 5% y el 10% de tu portafolio en cada operación. Se supone que debes copiar cada señal. La primera señal que recibí fue Shiba Inu, y logré obtener alrededor de un 12% de ganancia con un apalancamiento de 10x. Las siguientes dos señales fueron de "shitcoins", y perdí en ambas. Nos dijeron que cerráramos la operación antes de llegar al stop loss, lo que me hizo perder cerca del 8% en cada una. El stop loss que sugerían rondaba el -25%.
Luego llegó el momento del famoso trade con 50x de apalancamiento. Nos recomendaron abrir una posición larga en BTC con 50x. Dudé, pero para poder contar la experiencia completa, decidí hacerlo. Logré obtener una ganancia del 60%. Hasta ahí, todo bien, pero fue entonces cuando las cosas empezaron a ir mal.
Mi prueba gratuita terminó y me pidieron pagar $30 para continuar. Decidí pagar para poder contar mi experiencia de un mes completo. Fue desastroso. La mayoría de las operaciones eran con "shitcoins" y las pérdidas eran frecuentes. Solo publicaban sus ganancias en el grupo estándar cuando ganábamos, y rara vez mencionaban las pérdidas. Solo vi que publicaran una pérdida una vez, y fue de solo el 2%, para luego decir que habían "salvado el día". En resumen, acabé perdiendo dinero.
Mis resultados en Binance después de 30 días fueron los siguientes:
Ganancia total: $40.56 USDPérdida total: $79.10 USDResultado neto: -$38.54 USD
Como puedes ver, no gané dinero. Y eso que no participé en todas las operaciones, así que probablemente hubiera perdido aún más. Ahora imagina a las personas que invierten más dinero por operación, debe sentirse terrible. No quise arriesgar grandes cantidades, pero está claro lo mal que resultó. Mis pérdidas fueron casi el doble de mis ganancias.
Cuando renové la suscripción, éramos unas 40 personas en el grupo. Eso significa que ellos ganaban alrededor de $1,200 al mes solo con las suscripciones, y siempre habrá nuevos incautos para reemplazar a los que se van. Es mucho dinero.
Conclusión: No te unas a ningún grupo de señales, ya sea en cripto o en cualquier otro ámbito. Estos "traders" suelen ser inexpertos que se presentan como expertos para atraerte. A menudo te mostrarán sus supuestas ganancias para convencerte, pero la mayoría de las veces probablemente las hayan sacado de internet.
Cuídate.

Conclusión: Si alguien tuviera la habilidad de convertir cosas en oro, ¿por qué te lo venderían?
#Señales #Signals #Education #educational #cryptoscam

North Korean Hackers Orchestrate Sophisticated Attack
A recent postmortem report reveals that North Korea-backed hackers, identified as UNC4736 (also known as Citrine Sleet), exploited Radiant Capital in a $50 million attack. The operation involved advanced social engineering tactics, with the attackers impersonating a "trusted former contractor" and distributing malware via a zipped PDF file.
Phishing Through Fake Domains and Data Manipulation
The hackers created a fake domain mimicking a legitimate Radiant Capital contractor and reached out to the Radiant team through Telegram. They requested feedback on an alleged smart contract audit project. However, the shared file concealed INLETDRIFT malware, which created macOS backdoors, granting the hackers access to hardware wallets of at least three Radiant developers.
Manipulated Transactions and Compromised Security
During the attack on October 16, the malware tampered with the Safe{Wallet} interface (formerly Gnosis Safe), displaying legitimate transaction data to developers while executing malicious transactions in the background. Despite adhering to stringent security protocols like Tenderly simulations and Standard Operating Procedures (SOP), the attackers successfully compromised multiple developer devices.
UNC4736’s Links to North Korea
According to cybersecurity firm Mandiant, UNC4736 is connected to North Korea's General Reconnaissance Bureau. This group is notorious for targeting cryptocurrency companies and financial institutions globally.
North Korean Hackers Fund Nuclear Programs
The Federal Bureau of Investigation (FBI) has previously warned about North Korean hackers’ sophisticated tactics, including targeting cryptocurrency exchanges and prominent firms. Research indicates that these state-backed groups have stolen approximately $3 billion from the cryptocurrency sector since 2017. The stolen funds are reportedly used to finance North Korea's nuclear weapons program.
A Concerning Trend in Cybersecurity
This case highlights the increasing sophistication of cyberattacks, as hackers deploy social engineering and advanced tools to target cryptocurrency firms. Radiant Capital fell victim to a meticulously planned operation, underscoring the urgent need for enhanced security measures within the crypto industry.

#CryptoNewss , #NorthKoreaHackers , #hackers , #Cryptoscam , #CryptoSecurity

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

$320 Million Hack Leads to Liquidation
Japanese crypto exchange DMM Bitcoin has announced its closure following a cyberattack that resulted in a loss of $320 million. Despite months of attempts to recover customer funds, the company ultimately decided to transfer its remaining accounts to another operator, SBI VC Trade.
Lazarus Group Suspected as the Culprit
Renowned crypto analyst ZachXBT has pointed to the Lazarus Group, a North Korean hacker collective, as the likely perpetrator of the attack. His investigation traced approximately $35 million of the stolen funds to a Cambodian money-laundering network and found strong evidence of the group’s involvement. However, DMM Bitcoin did not gain any tangible benefits from these findings.
DMM Bitcoin’s Official Statement
According to The Nikkei, DMM Bitcoin stated its decision to close the exchange was made with the protection of its customers as the top priority. In a previous statement, the company explained:
"Protecting our customers is our number one priority. Therefore, we have decided to transfer all accounts and assets to another company. We sincerely apologize for the inconvenience caused. We plan to cease operations once this transfer is complete."
The exchange attempted a fundraising effort in June to recover customer losses. Despite these efforts, the losses could not be fully compensated, leading to the decision to transfer its assets to SBI VC Trade and wind down operations.
Call for Stricter Security Measures
The case of DMM Bitcoin underscores the need for robust security protocols for cryptocurrency exchanges. Shortly before DMM Bitcoin’s closure, Japanese financial regulators warned other platforms to implement tighter oversight and enhanced security measures.
Crypto Hacks Declining, but Risks Remain
While the overall number of cryptocurrency hacks is decreasing, their sophistication continues to grow. The DMM Bitcoin incident serves as a reminder for users to rely exclusively on trusted and secure platforms.

#CryptoHack , #Cryptoscam , #HackerAlert , #CryptoNewss , #BTC☀

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A South Korean CEO has reportedly been arrested for allegedly orchestrating a massive Ponzi scheme that defrauded investors of an estimated $366 million. According to a report in Crypto news, Byun Young-oh, the head of Wakon, a cryptocurrency platform, is accused of running the scheme alongside an accomplice named Yeom.
Wakon, with approximately 12,000 members, offered virtual currency staking products without the required financial registration with authourities. The company, which operated has across South Korea, targeted elderly citizens. The company promised senior citizens exorbitant returns of up to 45% to 50% on Ethereum deposits. Wakon has branches throughout South Korea.
The scheme unraveled in mid-2023 when investors were unable to withdraw their funds. Despite assurances from Byun, the company's collapse became evident by November when its Seoul office was shuttered.

Prosecutors have charged Byun and Yeom with fraud and are investigating the extent of the scheme. While Byun has denied any wrongdoing, claiming ignorance of Ponzi schemes, authorities are working to identify additional victims and potential accomplices.
In a similar incident, the US Securities and Exchange Commission charged an crypto trading company with defrauding 200,000 investors worldwide. Continuing its crypto fraud crackdown, the SEC has charged NovaTech, NovaTech, its executives, and affiliated promoters over a multi-level marketing fraud scheme that generated $650 million in digital assets.