Crypto exchanges 🪙 Binance launched a new Anti-Fraud Campaign to tackle the rising trend of cryptocurrency-related scams. Binance joins hands with law enforcement agencies around the world to fight fraudulent practices. In the first four weeks, about 20.4 percent of Binance users considered withdrawing again or reviewing whether their transactions carried a fraud risk.

#crypto2023 #crypto2023 #safety

In a recent security breach on Poly Network, an unknown attacker successfully swapped out over $10 million worth of ether, according to security firm Beosin.

Poly Network, a cross-chain bridge for asset transfers, fell victim to the attack, allowing the perpetrator to create 57 tokens across multiple blockchains, including Ethereum, BNB Chain, Metis, and Polygon.

Although the attacker's crypto wallet showed a value exceeding $34 billion, the lack of liquidity in the affected chains prevented them from realizing those gains.

Only a small portion of the stolen tokens, approximately 5,196 ETH or $10.1 million, was exchanged for ether on the Ethereum and Binance Smart Chain networks.

Security analysts suspect that compromised private keys used in the platform's main smart contract may have facilitated the attack. The Poly Network team has yet to respond to these claims.

This incident marks the second major security breach for Poly Network, following a $611 million theft in 2021.

Poly Network has temporarily suspended its services and is actively collaborating with centralized exchanges and law enforcement agencies to track the attacker and recover the funds. They have also advised affected projects to withdraw liquidity from decentralized exchanges and appealed to the attacker to return the assets to avoid legal consequences.

#crypto2023 #safety

1. Research: Before you trade crypto, thoroughly research the project, team, and technology behind the cryptocurrency you're interested in. Be sure to understand its use case and potential for growth.2. Use Reputable Exchanges: Stick to well-established cryptocurrency exchanges with a track record of security. Popular platforms like Binance, Coinbase, and Kraken are good choices.3. Enable Two-Factor Authentication (2FA): Always enable 2FA on your exchange accounts. This adds an extra layer of security by requiring you to provide a second verification method, such as a code from your mobile app, in addition to your password.4. Secure Your Wallets: If you're storing cryptocurrencies in wallets, use hardware wallets or reputable software wallets. Keep your private keys and recovery phrases offline and in a secure place.5. Beware of Scams: Be cautious of phishing attempts, fraudulent schemes, and too-good-to-be-true offers. Double-check URLs, never share sensitive information, and stay informed about common scams in the crypto space.Remember, the cryptocurrency market can be highly volatile, so only invest what you can afford to lose. Always exercise caution and due diligence in your crypto trading activities.Dive into the world of cryptocurrencies with our comprehensive guide. Learn how to invest, trade, and secure your digital assets like a pro. Discover hidden gems and strategies to maximize your profits in this exciting and ever-evolving financial landscape. Whether you're a beginner or an experienced trader, this is your ticket to financial empowerment. Don't miss out on the future of finance - start your crypto journey today!#safety #dyor #scamprotection #CryptoNews #BinanceSquare

TL;DR

Create strong, unique passwords and use two-factor authentication (2FA) for added security.

Regularly update your software and devices to protect against vulnerabilities.

Beware of phishing attempts and verify the authenticity of senders.

Use secure Wi-Fi networks and consider using a VPN for added protection.

Regularly back up your data to minimize the impact of potential breaches or losses.

Introduction

In today's interconnected world, where our lives are increasingly intertwined with the digital realm, safeguarding our online presence has become more crucial than ever. From personal information to financial transactions, our digital identities are constantly at risk. To ensure your online safety, we present six essential strategies that will help protect you from cyber threats and keep your digital life secure.

Strong and Unique Passwords: The foundation of online security begins with strong and unique passwords. Avoid using common passwords or reusing the same password across multiple accounts. Instead, create complex passwords that include a combination of uppercase and lowercase letters, numbers, and special characters. Consider using a reliable password manager to securely store and generate unique passwords for each of your accounts.

Two-Factor Authentication (2FA): Adding an extra layer of security, two-factor authentication (2FA) significantly reduces the risk of unauthorized access to your accounts. By enabling 2FA, you will be prompted to provide a secondary verification, such as a unique code sent to your mobile device, in addition to your password. This additional step adds a crucial barrier that enhances your online protection.

Regular Software Updates: Keeping your devices and software up to date is crucial for maintaining online security. Regularly update your operating system, web browsers, and other applications to ensure you have the latest security patches and bug fixes. Cybercriminals often exploit vulnerabilities in outdated software, so staying up to date is an effective way to protect yourself from potential threats.

Beware of Phishing Attempts: Phishing attacks continue to be a common method used by cybercriminals to trick unsuspecting individuals into divulging sensitive information. Be cautious of suspicious emails, messages, or pop-ups requesting personal information or urging you to click on unknown links. Verify the authenticity of the sender before sharing any sensitive data and consider using email filters and anti-phishing software for additional protection.

Secure Wi-Fi Networks: Public Wi-Fi networks are convenient but inherently risky. Avoid conducting sensitive transactions, such as online banking or shopping, while connected to public Wi-Fi. Instead, use a virtual private network (VPN) to encrypt your internet traffic and protect your data from potential eavesdropping by hackers on the same network. Additionally, ensure your home Wi-Fi network is password-protected and configured with the latest security protocols.

Regular Data Backup: In the event of a data breach or loss, having regular backups of your important files and documents can be a lifesaver. Establish a routine backup system that includes both local and cloud-based storage solutions. This way, even if your device is compromised, stolen, or damaged, you can easily recover your essential data and minimize the impact of such incidents.

Closing Thought

As our lives become increasingly digitized, protecting ourselves online is of utmost importance. By implementing these six strategies - strong passwords, two-factor authentication, regular software updates, vigilance against phishing attempts, secure Wi-Fi usage, and regular data backups - you can significantly enhance your online security. By adopting these practices, you will empower yourself with the knowledge and tools necessary to navigate the digital landscape safely and protect your digital identity from evolving cyber threats. Stay vigilant, stay secure!

#protection #safety #online #Binance #crypto2023

🚨 The Danger of Passkey and Biometric Authentication You Must Avoid!

Hello everyone!

Today, let's talk about the risks associated with passkey and biometric authentication and how to protect yourself from potential troubles.

While I personally love the ease and enhanced security features that come with using passkeys and biometrics, there's a crucial aspect that we must be cautious about.

The Pros of Passkey and Biometric Authentication:

✅ Enhancing security on platforms

✅ Disallowing passwords display

✅ Reducing the stress of recalling and inputting passcodes

Who wouldn't love these convenient features, right? 😄

However, there's one thing you MUST AVOID when using this authentication method, especially when lending your device to friends or others.

The Potential Danger:

Sometimes, when lending your device to others, they might ask to use your biometrics to unlock the device or access certain features. This seemingly innocent request can lead to serious consequences if you're not careful.

Stay Alert - Be Cautious!

Always ensure that you are aware of where the authentication process is leading before granting access. Stay vigilant to protect your privacy and security.

Remember, your safety is paramount!

#Securities #GOATMoments #safety #googleai #pepe

$BCH $PEPE $ARKM

Just a day after recovering my Discord account from an hacker with the help of the Discord Support Team, Someone tried hacking my wallet.😓

I got a random telegram message saying: “Hello, I'm ALMV project manager, we have a promotional offer. We found your telegram in the new social network #Binance ”

He further explained that they would like me to post an article about their project on Binance Feed. He sent some shady documents which I went through and confirmed my fears that this was a scammer trying to get into my wallet

He sent me a linktree that contained their socials including the project website which looks shady

I needed a code to gain access and download the game which could only work on a laptop. I DIDN’T DOWNLOAD it. He asked for my wallet address, I created a new metamask wallet and sent that to him he then said:

“What cryptocurrency do you keep your money in? I took 2 bnb just for the estimated cost of advertising, do you have any other options where you would like the money to go?”

He already checked and found our the account was empty 😂

Stay safe guys, scams will become even more common towards the BULLRUN

#safety #crypto2023

Joseph James O'Connor allegedly stole $794,000 worth of cryptocurrency during the 2020 Twitter hack.

On Friday, a federal court sentenced Joseph James O’Conner to five years in prison for his involvement in the 2020 Twitter hack. Last month, the 24-year-old, known as PlugwalkJoe online, plead guilty to a host of cyber crimes, including carrying out a SIM-swapping attack that targeted a TikTok account with millions of followers. The 2020 Twitter hack saw O’Conner and his co-perpetrators obtain access to the company’s backend and subsequently the accounts of Elon Musk, Bill Gates, Barack Obama and more than 100 other high-profile users. O’Conner netted $794,000 in the crypto scam that followed.

"After stealing and fraudulently diverting the stolen cryptocurrency, O'Connor and his co-conspirators laundered it through dozens of transfers and transactions and exchanged some of it for Bitcoin using cryptocurrency exchange services," the Justice Department said. "Ultimately, a portion of the stolen #cryptocurrency was deposited into a cryptocurrency exchange account controlled by O'Connor." In 2021, Graham Ivan Clark, the alleged teenage mastermind behind the breach, plead guilty in return for a three-year prison sentence. In addition to his five-year sentence, O’Conner also faces three years of supervised release after his prison term. He must also forfeit the $794,000 he defrauded during the hack.

#safety

Peer-to-peer (P2P) trading is a convenient way to buy and sell cryptocurrencies. However, it is important to be aware of the risks involved. Here are some safety tips for P2P trading on Binance:

Do your research. Before you start trading, take some time to research the person or company you are trading with. Check their reputation and make sure they are reputable. You can do this by reading reviews, checking their social media presence, and looking for any red flags.

Use escrow. Escrow is a service that holds funds in trust until the transaction is complete. This can help to protect you from being scammed. Binance offers an escrow service for all P2P trades.

Beware of high fees. Some P2P traders charge high fees. Make sure you understand the fees involved before you start trading.

Use a secure payment method. When you are paying for cryptocurrency, use a secure payment method, such as a credit card or bank transfer. This will help to protect your financial information from being compromised.

Beware of scams. There are many scams that involve P2P trading. Some common scams include:

The fake escrow scam: The scammer will send you a fake escrow address to send your funds to. Once you have sent the funds, they will disappear.

The fake payment scam: The scammer will send you a fake payment confirmation. Once you have released the cryptocurrency, they will disappear.

The phishing scam: The scammer will send you a phishing email that looks like it is from Binance. The email will ask you to provide your personal information or login credentials.

Here are some additional tips that you can follow to stay safe when trading cryptocurrencies on Binance:

Use a strong password and two-factor authentication. This will help to protect your account from unauthorized access.

Never share your private keys or mnemonic phrases with anyone. These are the keys to your cryptocurrency wallets, and if they fall into the wrong hands, you could lose your funds.

Be careful about what information you share online. Scammers can use your personal information to target you.

Keep your software up to date. Binance regularly releases security updates to its software. Make sure you install these updates as soon as possible.

If you think you have been scammed, you should report it to Binance immediately. You can do this by going to the Help Center and clicking on the Report a Scam button.

By following these safety tips, you can help to protect yourself from being scammed when trading cryptocurrencies on Binance.

#Binance #safety #crypto2023