#A.surprising.American decision to confiscate #digital.currencies linked to a scam.

_ #The.United.States has seized digital currency worth about half a million dollars from the registered account of a Chinese man who appeared in a Reuters investigation into cryptocurrency investment fraud from Southeast Asia.
#US.authorities.said.the.scam that led to the seizure involved a cryptocurrency investment scam known as “pig slaughter.” In this type of scam, scammers manipulate unsuspecting people they meet online, convincing them to invest in fake crypto schemes. Pig slaughters have been considered among the most common and dangerous types of fraud in the world of cryptocurrencies. This type of scheme combines elements of romance fraud and investment fraud, making it seem like an attractive investment opportunity. This type of fraud targets individuals, using fake security to convince victims to deposit large sums of money into fake applications or platforms that do not exist in reality.

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#A.hacking operation hits one of the biggest names in security in the digital currency industry.

_One of the best companies in the security sector in the field of #digital.currencies , the electronic wallet company #Ledger , was subjected to a cyber attack. The Paris-based startup saw its Ledger Connect Kit software hacked, draining hundreds of thousands of dollars from users' wallets on Thursday.

_The company said in a statement that the hack arose from a phishing attack targeting a former employee. The hackers deployed malicious code that redirected users' funds to their private wallet during transactions with decentralized applications (dapps), which used the software affected by the hack. The company said the malicious code was present for about five hours. Ledger reported that it has filed a complaint and is working with law enforcement in the investigation to find the hackers. In another post, the company said that the malicious code has been removed and it is now safe to use the Ledger Connect Kit.

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#Shiba.Inu Coin Price Expectations: With its market value approaching $6 billion, will it overtake Dogecoin?

_The price of the #Shiba.Inu.coin (Shiba Inu-SHIB) witnessed a decline of 3% during the past 24 hours, and fell to the level of $0.00000970 today, coinciding with the decline in the value of the crypto sector by 3% as well, but the price of the SHIB coin maintained its weekly gains of 4%. And 16% over the past two weeks, as its price stumble today did not have a significant impact on its current general upward trend. The market value of the Shiba Inu currency rose from $4.2 billion in mid-September to $6 billion today, and thus this meme currency ranked 17th on the list of the largest #digital.currencies . As it maintains its upward momentum, it may only be a matter of time before Shiba Inu overtakes #Dogecoin-DOGE .

$SHIB $DOGE

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