perspectivas de Mastering Crypto(@MasteringCrypto)

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🚨 Who Should Be Blamed For WazirX Hack On July 18, 2024, WazirX, an Indian exchange, suffered a hack resulting in the loss of over $230 million of client assets. This incident has brought to light various issues following an investigation by a pseudonymous blockchain analyst, Boring Sleuth, who uncovered flawed security measures and deceptive practices by WazirX. #### Misleading Multi-Sig Security Claims WazirX asserted that transactions in their multi-sig wallet required three signatures from WazirX executives and final approval from Liminal. However, it was found that four out of six approved addresses were needed for a transaction, indicating either misinformation or a lack of understanding of their own security protocols. #### Compromised Multi-Sig Setup Further investigation revealed that four out of the five multi-sig addresses were set up and funded by a single entity. This centralization contradicted the multi-sig goal of decentralizing control, thereby increasing vulnerability. #### Binance Connection Historical on-chain data showed that WazirX’s main exchange address was previously linked to Binance, raising questions about its legitimacy and affiliation with Binance. #### Ignored Warnings On July 6, twelve days before the hack, Boring Sleuth highlighted vulnerabilities in similar multi-sig setups in various Layer 2 solutions, including WazirX. Despite the warnings, no action was taken to address these issues. #### Deflecting Blame WazirX attempted to place the blame on Liminal, which managed only one of the six signatures, while the remaining five were controlled by WazirX. This deflection appeared unconvincing and further eroded trust in the exchange. The investigation by Boring Sleuth has revealed numerous security vulnerabilities and a potential for dishonesty at WazirX. It is now the exchange’s responsibility to address these issues, restore user confidence, and ensure the safe return of funds. #WazirXhack #Binance

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The last major news today is the significant non-agricultural data release, which will cause the market to fluctuate violently. Here's some advice: Avoid entering the market when it is sideways or volatile, unless you are experienced with both long and short positions. For instance, after violent fluctuations, the market may see quick movements in both directions. If you close a position manually and choose the wrong direction, you could incur substantial losses. Therefore, it is crucial to choose your direction wisely. How to choose a direction: - Go short if the extreme upward spike reaches 67,000. - Go long if the extreme downward spike hits 61,000. In summary, it is best to consider entering the market after the news is announced. Expect violent fluctuations from 20:00 today, starting at 20:30, and ending at 8:00 the next day (Saturday morning in the Eastern Time Zone). The greatest risk is a one-sided movement, as choosing the wrong direction could trap you. To mitigate this, enter the market at the Tiandi position. Normally, this should yield quick profits. If you don't see a profit within more than 2 hours, there might be an issue. If the market fluctuates between long and short, you can still make money. #btc70k #bitcoin #Binance #ETHETFsApproved

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Breaking: Do Kwon Extradition Confirmed South Korea will receive Do Kwon’s extradition from Montenegro, following a ruling by the Appellate Court of Montenegro, which upheld an earlier decision by the High Court of Podgorica. Kwon, co-founder of Terraform Labs, faces charges related to the $40 billion collapse of Terra. In April 2024, a U.S. court found Kwon guilty of fraud. The SEC accused him of misleading investors, resulting in a $4.47 billion settlement. Interpol issued a red notice for Kwon in September 2022, and he was arrested six months later using a fake passport. Montenegro sentenced him to four months for document falsification. Both the U.S. and South Korea sought his extradition, but the court favored South Korea. Additionally, the Seoul Southern District Court ruled in favor of Kwon’s wife, deeming certain seized properties as hers. Claims have surfaced about Montenegrin Prime Minister Milojko Spajic’s alleged investment in Terraform Labs, which he denies. ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #LUNA #DoKwon #ETHETFsApproved

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When I invested in $POPCAT at a $4M market cap, I was confident it would 100x. When I invested in $WIF at a $20M market cap, I was confident it would 100x. When I invested in $PEPE at a $30M market cap, I was confident it would 100x. Now, I'm putting my money on $CATDOG. I'm certain it will 100x, at the very least. If you can't see the potential like I do, that's your choice. Just don't come crying when you're hit with FOMO at a $5B market cap. ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #Altcoins

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Investing just $1000 in SHIB, WIF, and DTX could potentially create new millionaires by 2025. As Bitcoin and Ethereum trade near all-time highs, a new crypto bull rally is anticipated. Memecoins like Shiba Inu (SHIB) and Dogwifhat (WIF) are poised for significant gains, and the DTX Exchange (DTX) is gaining attention as the first hybrid exchange. Shiba Inu (SHIB) SHIB is attempting to reverse its bearish trend, supported by a 7300% surge in its burn rate. Recently, 2.37 million SHIB coins were destroyed, reducing the supply to 589.27 trillion SHIB. Shibarium, SHIB's Layer 2 solution, has surpassed 6 million blocks, marking a key milestone. Despite supply reduction, SHIB's price remains volatile. Dogwifhat (WIF) Currently trading at $2.32 with a market cap of $2.31 billion, WIF has shown resilience with a 53% recovery from its monthly low. As the fourth largest memecoin and the top Solana memecoin, WIF continues to hold strong investor interest despite recent price fluctuations. DTX Exchange (DTX) The DEX market is rapidly growing, and DTX is making a significant impact with its innovative features like distributed liquidity pools, non-custodial wallets, and no KYC requirements. The ongoing DTX presale has raised over $1 million, underscoring its potential. Priced at $0.04, DTX is seen as a top DeFi opportunity. ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #Memecoins #StartInvestingInCrypto

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