Dubai Rain is finally over. We arrived at the Crypto confere | Professor Mende - Bonuz Ecosystem Founder on Binance Square

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Professor Mende - Bonuz Ecosystem Founder

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Bullish

Dubai Rain is finally over.
We arrived at the Crypto conference! 

#token2049  #blockchainweek 

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💥 Man Turns $88K Into $415M on Tesla—Sues After Losing It! Christopher DeVocht’s jaw-dropping investment story is now the center of a major lawsuit. After turning $88,000 into a $415 million fortune through Tesla options, DeVocht claims he lost it all when Tesla's stock plummeted in 2022. Now, he’s suing RBC Dominion Securities and Grant Thornton LLP, alleging that their poor financial advice left him vulnerable to total wipeout. What Went Wrong? DeVocht’s portfolio peaked in November 2021 but quickly unraveled in 2022 as Tesla’s share price crashed. His margin account, set up by RBC, forced him to sell off Tesla shares to repay massive loans, accelerating his losses. DeVocht accuses his advisers of failing to recommend risk mitigation strategies that could have preserved a large chunk of his fortune. DeVocht is blaming RBC and tax advisers from Grant Thornton LLP for giving inadequate advice. He claims the advice failed to protect his wealth from the market crash, causing him to lose his entire portfolio. Now, DeVocht is seeking damages, legal fees, and interest in a lawsuit filed in the Supreme Court of British Columbia. Though DeVocht’s case revolves around Tesla stock, the extreme losses and high-risk strategies echo what many traders face in crypto markets, reminding everyone how volatile and unforgiving the investment world can be. Do you think the lawsuit is justified, or should Chris be liable for his actions despite lousy advice? Drop a comment! #Tesla #BTCUptober #WeAreAllSatoshi #CryptoNews #CryptoMarketNews

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🚨 Crypto Hacks Steal $460M in Q3 2024 Hackers made off with $460 million from 28 exploits in Q3 2024, marking one of the smallest losses in three years. Yet, with only 5% of funds recovered, the quarter saw the lowest recovery rate since 2021, according to Hacken’s cybersecurity report. Biggest Threat: Access Control Exploits Access control hacks were the most damaging, accounting for nearly 70% of all losses ($316 million). Attackers took over smart contract keys to manipulate funds and upgrade proxy contracts, leading to devastating withdrawals. Vulnerabilities in smart contracts, like reentrancy attacks, also caused major losses, draining liquidity pools in a single transaction. The biggest hit? WazirX, an Indian exchange, lost over $230 million when its Ethereum multisig wallet was compromised. This exploit sparked inside job suspicions, as no security breaches were found despite an independent audit. Although cross-chain bridges and yield aggregators were targeted less frequently, they still endured major losses. However, a white-hat MEV bot managed to recover funds from a Ronin Bridge exploit before the hacker completed the attack. Could These Hacks Have Been Prevented? Hacken estimates 28.7% of losses in DeFi could’ve been avoided with automated incident response systems. The Automated Incident Response Strategy can pause contracts and freeze funds upon suspicious activity, potentially mitigating the aftermath of large-scale attacks. Examples like the Nexera exploit, where a scammer drained $1.5 million, show that such preventive systems could’ve saved millions. As the crypto space evolves, so must its security infrastructure. What's your opinion on the potential solution with freezing funds during suspicious activity? Smart move? Drop your opinion below and follow @mende for more! #scamalert #scam #CryptomarketNews #bitcoin #btc $BTC

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🚨 Telegram OUTAGE - App Taken Over By French Feds? Telegram users across multiple countries have reported major outages, starting around 10:30 AM UTC on Oct. 3. Affected users are experiencing issues with sending/receiving messages and server connection problems, according to Downdetector. Impacted were: Ukraine, Belarus, Poland, Kazakhstan, Russia, Netherlands, Germany. Users in these regions report difficulty loading new messages, with some Reddit users confirming the platform has been down for over an hour. This follows a smaller outage on Oct. 2 and a larger one back in June that lasted 1.5 hours. Outage reports continue to flood in, but so far, Telegram and CEO Pavel Durov have remained silent on the matter. Growing Concern: Telegram is no stranger to connection issues, with previous outages causing disruption for its 700+ million users worldwide. Many rely on the platform, especially in crypto communities, for real-time communication and updates. The frequency of these outages is raising concerns about platform reliability. Meanwhile, Durov is still under investigation in France, facing charges linked to illicit activities on the platform. Some speculate that this could be adding pressure to the company’s operations. Why this is VERY BAD NEWS - Let's break it down: - Durov got arrested after getting invited to France and is still under investigation - France said the arrest was not political, shortly after multiple countries threatened to ban Telegram (really not political?) - The app receives major outages while Durov is in custody If you add 1+1, it would almost seem that Telegram was infiltrated, and Durov is being held hostage until he gives up enough resources to the government(s). If this is the case, we all should fear the future, because TYRANNY is alive and well! Follow @Professor Mende - Bonuz Ecosystem Founder for more! #telegramceorelease #TelegramDown #Telegramoutage #Durov #TON $TON

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🚨BREAKING: SEC Files Appeal in Ripple Lawsuit! The SEC has officially filed an appeal in its long-standing case against Ripple Labs, seeking to overturn the pivotal 2023 ruling that declared secondary sales of XRP do not constitute securities. This move comes as no surprise to legal experts who expected the SEC to challenge Judge Analisa Torres' decision, which was a landmark victory for Ripple and the entire crypto industry. What’s at Stake? In her ruling, Judge Torres determined that XRP itself is not a security, as it failed to meet all the conditions under the Howey Test. However, early institutional sales by Ripple’s founders were deemed securities sales, which created a mixed result. Now, the SEC is aiming to overturn the decision on secondary market sales, a critical point for Ripple’s broader market presence. Ripple’s Win—and What’s Next The initial ruling was celebrated across the crypto space as a major win, particularly for projects under regulatory scrutiny. But with the SEC’s appeal, the next phase of this legal saga will shape the future of crypto regulation in the U.S. Big Changes at the SEC On the same day as the appeal, Gubir Grewal, the SEC’s controversial chief enforcement officer, announced his resignation, set for Oct. 11. Known for his aggressive enforcement in the crypto sector, his departure could signal potential shifts in the SEC’s strategy moving forward. Sanjay Wadhwa, the current deputy, will step in as the interim chief. XRP ETF on the Horizon? Meanwhile, Bitwise has filed for an XRP ETF trust in Delaware, hinting at growing institutional interest in the token. However, the SEC’s legal appeal could delay its approval, leaving the XRP ETF in limbo. Follow @Professor Mende - Bonuz Ecosystem Founder for more updates! #SECFilesAppealRipple #SECAppealRipple #Ripple #XRP #BTCUptober $XRP

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🚀 OpenAI Raises $6.6B at $157B Valuation In an astonishing leap, OpenAI just raised $6.6 billion in fresh capital, catapulting its valuation to a jaw-dropping $157 billion! Heavyweights like Microsoft, Nvidia, Thrive Capital, and Khosla Ventures backed the latest round. But that’s not all: OpenAI is eyeing a radical shift from nonprofit to a fully for-profit model, aiming to ditch profit caps and soar higher than ever. The Plan: OpenAI’s convertible debt strategy could flip into equity if its for-profit transformation clears regulatory hurdles. However, Elon Musk has slammed this move, calling it “illegal,” as questions arise over the legality of restructuring a nonprofit into a profit-focused giant. But California laws seem to allow this—through a complex conversion to a for-profit stock corporation or LLC. What’s Next? To justify this sky-high valuation, OpenAI is rolling out ambitious high-end subscriptions, with plans possibly priced at $2,000/month. The AI leader is now serving over 1 million users, a mind-blowing 67% increase since April 2024. Upgrades Galore! As if that weren’t enough, OpenAI just supercharged ChatGPT with vision and speech capabilities. The AI can now process images better and engage in voice-to-voice conversations, mimicking natural speech. Developers, get ready for a smoother ride with the Realtime API, making AI applications smarter and more responsive. The future of AI is here—and it’s moving faster than ever! Follow @Professor Mende - Bonuz Ecosystem Founder for more tech and crypto updates! #openai #FOMC #BTCReboundsAfterFOMC FTXSolanaRedemption altsesaon BullRunAhead SuperMacho CryptoInvesting AltcoinSeason #ai #chatgpt

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