LIVECrypto Extraction
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We help you extracting every crypto, DYOR
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Prepare your FDUSD for the next Binance launchpool, SAGA. Those who have Stake BNB will be directly join the launchpool.
Let's go! DYOR l
Let's go! DYOR l
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
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
$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 🚀
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 🚀
👋 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
🛡️ 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
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
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
Behold the Ethereum network, reigning as the most esteemed of users.
Transaction fees can be a determining factor in identifying the most commonly used blockchain.
According to data from cryptofees.info, the Ethereum network receives the highest transaction fees per day, accounting for 69% of transaction shares in the top 10 layer 1 blockchains. 📈Ethereum is closely followed by Bitcoin and Binance Smart Chain. 💰
The Ethereum network contributes to several aspects such as NFTs, layer 2 solutions, DeFi, and gaming. 🎮Transaction fees on the Ethereum network are either burned or paid to validators. 💸
Transaction fees can be a determining factor in identifying the most commonly used blockchain.
According to data from cryptofees.info, the Ethereum network receives the highest transaction fees per day, accounting for 69% of transaction shares in the top 10 layer 1 blockchains. 📈Ethereum is closely followed by Bitcoin and Binance Smart Chain. 💰
The Ethereum network contributes to several aspects such as NFTs, layer 2 solutions, DeFi, and gaming. 🎮Transaction fees on the Ethereum network are either burned or paid to validators. 💸
We hope Diwali is shining for you and your family, and that the future holds much success 🌟
