$USTC $LUNC By preventing Terra's coins from receiving other trading pairs that comply with the Mica regulation, the entire EU market for volume in this chain has been removed. That's not a smart move. There is less trading than before, which means less burn. I don't know why they only let customers buy these coins again after the crash and then gradually persuade investors to sell them, prevent them from buying or remove them from this platform, Nigeria, Holland, etc. so that they can no longer trade here. These actions are anything but positive for customers on Binance. One country is being explored and a new one is being added. There are so many problems caused by exchanges and market makers in this chain that are thwarting all the community's attempts. So why is the community even putting money into this chain if exchanges and market makers are ruining all efforts? I see the point behind it. And you should keep your trust in a major exchange. I'm very sorry, but as soon as money is involved, the fun stops for me

the help of binance and the burn only makes it seem like it would increase. if binance had not decided against the 1.2% burn tax and had not received any whitelisting wallets, more would be burned. but the statement that whales would not trade with a 1.2% burn tax is pure rubbish. who cares about a whale? a whale is people who are not affected by the crash. and we saw that the 1.2% burn tax brought far more volume to the chain than afterwards. after that there was only manipulation by whales who cannot trade with fees. Whitelisting wallets from binance itself

you still wonder why it is not going up? Because that is how it is supposed to be. You can buy as much as you want, but you will sell in the long run.

$BTC #MiCA #BtcTurk #IntroToCopytrading #MtGoxJulyRepayments #US_Inflation_Easing_Alert

🚨 #Crypto hacks decreased by 54.2% in June compared to May, with losses totaling $176 million.
This drop follows a peak in May when $385 million was lost. The #BtcTurk exchange experienced the largest single hack, losing over $100 million.

#CryptoHack #cryptohacks #TrendingTopic

Terra Luna Classic Dumps 20% After Hack

Prominent Terra Luna Classic community members are tying the $90 million #BtcTurk hack to LUNC’s plunge last weekend, but the community is divided on how it will affect performance. LUNC plummeted to a three-month low of $0.00007362 on June 22.

LUNC’s association with the hack also contributed to its shrinking market cap, which dipped by nearly $100 million due to the incident.

However, Terra Luna Classic’s funding and burning mechanism offered a silver lining in this story. According to the newly implemented LUNC burn tax rules, every transaction contributes to the Community Pool (CP), a long-term fund aimed at pursuing LUNC’s restoration plans.

The devastating BtcTurk hacking incident poured 800,000,000 #LUNC✅ tokens into the CP, which can be allocated to new development projects. The hackers’ overcomplicated transactions to erase traces of malicious activity have contributed to LUNC’s daily burns, adding a hefty 6.5B $LUNC to the community’s bonfire.

As of press time, #TerraLunaClassic is trading at $0.00008052, up 7.6% over the past 24 hours. Despite the soft rebound rally, LUNC has been 23% down in the last two weeks. The community is left on edge about the coin’s future, as portrayed in a question in LUNC Ninja’s thread: “Has the sell-off by this entity ended?”
#IntroToCopytrading #altcoins

🚨💥 _Crypto Crime Crackdown!_ 🤯

_Binance Freezes $5M in Stolen Funds from BtcTurk Hack!_ ❄️

_Turkish Exchange Hit by $54M Heist, Binance Steps In_ 📊

_Frozen Assets Part of Efforts to Recover Loot and Limit Hack's Damage_ 💪

_Crypto Community Cheers Binance's Quick Action!_ 🙌
_Hope for Victims of BtcTurk Hack!_ 💡
Feel Free to Reach out us 👉TG@ItxAP117
For signals📶🚦
#Binance #BtcTurk #CryptoHack #StolenFunds #apCryptoCalls
$BTC

The crypto exchange #BtcTurk was hacked, $54 M stolen😔

Cryptocurrency experts assess that BtcTurk, a major Turkish exchange, has suffered a staggering loss of $54 M due to a recent hacking incident. 🙀

💣 On June 22, hackers breached BtcTurk's security, gaining access to hot wallets containing various cryptocurrencies. As a precaution, exchange has halted deposits and withdrawals pending a full investigation.

Fortunately, the majority of assets held in cold wallets remain secure. Notably, Colin Wu reported the unauthorized sale of AVAX tokens totaling $54 M, traced back to the initial hack at BtcTurk.

📝 Reports from blockchain analyst ZachXBT also indicate losses of at least 1.96 million AVAX ($54.2 M) and subsequent large withdrawals of BTC from Coinbase and Binance.

🕵️‍♂️ Additionally, there are suspicions of the same hacker being involved in a $3.5 M breach of an online casino. Binance CEO Richard Teng has announced the freezing of stolen funds worth $5.3 M to aid BtcTurk in their investigation.

#BTC #BTCnews #BinanceTournament #BTCFOMCWatch
$BTC $ETH $BNB

🔥💥Richard Teng revealed: Binance aided BtcTurk hack investigation and froze $5.3 million in 'stolen funds'

Cryptocurrency exchange Binance assisted in the investigation of a malicious attack on Turkish crypto exchange BtcTurk and more than $5 million in stolen funds were frozen, according to Binance CEO #RichardTeng

“Binance is assisting BtcTurk with investigations and has frozen more than $5.3 million in stolen funds so far,” Teng said in an X post dated June 22.

#BtcTurk which has more than 5 million users according to its website, stated that the attack primarily affected assets in hot wallets, which are software-based crypto wallets connected to the internet. While hot wallets are more efficient with frequent transactions, they are more vulnerable to malicious hackers compared to offline cold storage.

A Google translation of BtcTurk's June 22 statement stated, "While only a portion of the balances of 10 cryptocurrencies in our hot wallets were affected by this cyber attack, the vast majority of assets held in our cold wallets remained safe."
Meanwhile, Teng informed his 299,800 X followers that Binance will provide any updates once the research team learns more.

“Our investigations and security teams are working around the clock as part of our proactive efforts to protect the ecosystem from bad actors. “We will provide further updates as they become available,” Teng said.

Binance gets praise as bad actors continue to attack crypto exchanges
This comes after Blockchain researcher ZackXBT praised Binance for its efforts to help the broader community during security incidents.
#binance #Turkey

🚨 Turkey's Biggest Crypto Exchange BtcTurk Hacked! 🚨

BtcTurk, Turkey's largest crypto exchange, announced on Saturday that it had been hacked. A popular Bitcoin analyst claims the hack resulted in nearly 51 million euros being stolen.

The exchange explained that on June 22, 2024, a cyber attack led to unauthorized withdrawals. Only some balances in hot wallets for 10 cryptocurrencies were affected, while the cold wallets, where most assets are stored, remain safe.

Hot wallets are always connected to the internet, making them more vulnerable, whereas cold wallets are offline and secure from hacking.

#BtcTurk reassured users that their financial strength far exceeds the amount stolen, and user assets will not be impacted. They are conducting detailed research and have notified security authorities. As a precaution, cryptocurrency deposits and withdrawals have been paused and will resume once the issue is resolved.

Bitcoin analyst ZachXBT suggested that the culprit might be an address he has been monitoring, which has moved 1.96 million AVAX ($54.2 million) to Coinbase and THORChain. He shared this address in his post.

Cryptocurrencies are hugely popular in Turkey, the fourth-largest crypto trading market globally. Their use surged after 2020 as a hedge against the declining value of the lira.

In a related note, Faruk Fatih Ozer, founder of the now-defunct Thodex exchange, was jailed last year for 11,196 years for defrauding investors of millions.

Stay tuned for updates!

$BTC

#BinanceTournament #CryptoTradingGuide #MicroStrategy

🚨 Turkish Crypto Exchange BtcTurk Faces Cyber Attack, Wallets Compromised
BtcTurk stated that losses from the attack are well within manageable limits and will not affect user assets. Most funds are in cold wallets which remain completely safe at the moment.

Highlights

Some BtcTurk hot wallets compromised with crypto balances across 10 digital assets.

BtcTurk said most of its funds are in cold wallets are completely safe at the moment.

BtcTurk stated that losses from the attack are well within manageable limits and won't affect users.

Just hours before on June 22,
prominent crypto exchange BtcTurk disclosed a cyber attack that resulted in unauthorized access to some of its hot wallets. As per the preliminary report, the hackers managed to get their hands on some crypto balances across 10 different cryptocurrencies stored in the hot wallets.

BtcTurk Cyber Attack – Cold Wallets SAFU
While the hackers managed to gain access to the hot wallets, BtcTurk reported that a majority of their crypto asset holdings remained in the cold wallets, which remain completely secure.

Furthermore, BtcTurk has assured users that its financial resilience exceeds the impacted amounts. Thus, the exchange has ensured that the user assets are safeguarded from losses. Additionally, BtcTurk has initiated a thorough investigation into the incident while engaging with relevant authorities.

As a precautionary measure, BtcTurk
has also temporarily suspended crypto deposits and withdrawals. The exchange stated that its team is working diligently to resolve the issue and thus restore full functionality to its platform for all its users.

#BinanceTournament #BtcTurk #NewsAboutCrypto #Alert🔴

Cryptocurrency Platforms Face Security Challenges. 😱☠️💸

The cryptocurrency industry has been hit with two significant security incidents this week. Online gambling platform Sportsbet suffered a suspected hacking attack, with losses exceeding $3.5 million. In a separate event, Turkish cryptocurrency exchange BtcTurk confirmed a cyber attack that targeted their hot wallets.

BtcTurk has assured its users that their assets are secure, as the majority of funds are held in cold storage. However, the exchange has temporarily suspended deposits and withdrawals while they conduct a thorough investigation.

These incidents underscore the persistent threats to the security of cryptocurrency platforms, even as the industry continues to grow and mature. Both Sportsbet and BtcTurk are working to address these attacks and restore normal operations as quickly as possible.

#BtcTurk #Sportsbet #HackerAlert #hackers

🧙‍♂️ #BtcTurk announced that it was cyber-attacked and partial withdrawals were made from 10 hot wallets. The exchange announced that cold wallets are safe but stopped cryptocurrency transactions.

🚨🚨🚨BREAKING: Turkey's largest crypto exchange, BtcTurk, hacked!

$51 million stolen in cyber attack

Exchange says user assets are safe, but deposits and withdrawals halted

Investigation underway, security authorities notified

Turkey is the 4th largest crypto trading market in the world

Cryptocurrency use surged in Turkey after 2020 to defend against lira's slide

Founder of another Turkish crypto exchange, Thodex, jailed last year for 11,196 years for exit scam

Stay safe, crypto friends!

#BtcTurk #TurkeyCryptoRegulation
#Hacked #Turkey

#Binance CEO Richard Teng:

Binance is assisting #BtcTurk with investigations and has frozen more than $5.3 million in stolen funds so far.

🚨🚨🚨Breaking News: Binance CEO Richard Teng made a statement about the BtcTurk exchange that was hacked

Richard Teng
Binance is assisting BtcTurk with investigations and have frozen over $5.3M in stolen funds so far.

Our investigations & security teams work around the clock as part of our proactive efforts to protect the ecosystem from bad actors. We will provide further updates as relevant.

#binance #RichardTeng #BtcTurk