$MATIC And $LINK Investors Reconsidering to jump off for $ALGT
For Polygon, one particular concern that has plagued is the differences surrounding Launchpad sales and Staking, where an alarming 767 million Matic tokens seem to have vanished without a trace. The Polygon Foundation reportedly transferred these tokens to an account labeled “Binance 33,” further fueling suspicion and uncertainty.
As a result, the value of the MATIC token has plummeted by a significant 22%. With lingering doubts and unanswered questions, the potential for continued losses looms large, leaving investors on edge to find a better and more secure platform.
Also, Chainlink is no different. As per reports from the threat intelligence firm Arkham, the hacking collective known as Inferno Drainer successfully absconded with $900,000 worth of Chainlink’s LINK tokens from the hot wallet of a Swiss cryptocurrency investment fund towards the end of January. The attackers purportedly employed phishing tactics to obtain access to the victim’s private wallet keys, using a deceptive crypto-airdrop website in the process.
After gaining entry, they promptly emptied the wallet through two transactions by obtaining signature approvals from the compromised “Alchemist63” account. Initially, they targeted LINK tokens, draining $400,940 in the first transaction, followed by $456,400 just twelve seconds later, as the victim unknowingly endorsed both deceitful transfers.
With this, it is obvious that these coins are not safe again and investors are shifting their money elsewhere.
Algotech (ALGT), a decentralized algorithmic trading platform, just announced a remarkable achievement of securing $1.1 million in just two days of its presale. And this alone has piqued a lot of interest.
According to Algotech’s team, the project has now embarked on the public presale phase after a highly successful private seed sale. Within a mere 48 hours, the private presale garnered $1.1 million, with a staggering 55 million ALGT tokens promptly snapped up.
