Explore how decentralized finance (DeFi) platforms faced significant security breaches, losing over $336 million in the first quarter of 2024, and contrast these incidents with the security measures of centralized finance (CeFi).

https://btc-pulse.com/defi-platforms-lose-over-336-million-q1-security/

#DeFi #Security #Breach #2024 #CeFi

🔒 Important security message about Shiba Inu! 🚫

On October 4th, unknown hackers compromised the administrator's account of the Shiba Inu channel and posted a message about a fictitious distribution of BONE tokens. They urged users to participate in the distribution by providing a link to a phishing website.

However, thanks to the vigilance of the Shiba Inu community, the situation was quickly exposed, and users were warned about the compromise of Ragnar Shib's account. A community member named Vet Kusama confirmed that no BONE distribution was taking place and cautioned users against clicking on suspicious links.

Ragnar Shib reported that his Telegram account is secure again after transferring it to a new phone and changing to a more secure password. His Twitter account is also protected by two-factor authentication. He recommended that users regularly change their passwords to avoid similar situations.

Some members of the Shiba Inu community noted that attempts by hackers to organize fictitious token distributions indicate a growing interest and involvement in the project. In response, users suggested that the Shiba Inu team establish a dedicated cybersecurity division to prevent future account breaches.

Recently, phishers also managed to compromise the account of Vitalik Buterin, co-founder of Ethereum, and announced a fictitious NFT distribution, resulting in users losing over $690,000.

Stay vigilant and ensure the security of your accounts. Do not click on suspicious links and regularly change your passwords!

#ShibaInu #Security #Hackers #Phishing #Cryptocurrency $SHIB