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DeFi Platform Bankroll Status Suffers Major Breach, $230K Lost: Report. Bankroll Status, a BNB Chain-based decentralised finance (DeFi) platform, suffered a significant breach on Monday, resulting in a $230,000 loss. The hacking tactics appear to follow the same pattern as used in previous DualPools attacks. Flagged by a cybersecurity firm, Cyvers Alerts, the infamous DualPools hacker group reportedly carried out the hack. Shockingly, the evidence points to a smart contract deployed 90 days ago, which possibly served as the hacker’s entry point. “Our system has detected malicious contract deployment targeting Bankroll 90 days ago,” the cybersecurity firm wrote on X. Further, Cyvers has warned users, urging them to secure their assets and prevent future attacks. However, the investigation into the exact mechanism of the hack is still ongoing. The DualPools Threat Pattern. According to UEEx data, the attackers stole around $4.6 million worth of various cryptocurrencies from DualPools. The exploit drained around 750,000 Bitcoins in February 2024. Following the hack, DualPools acknowledged the exploit and paused operations. Further, it implemented improved security measures for their hot wallets, however, specifics were not disclosed publicly. According to cybersecurity experts, a vulnerability within Dualpools’ hot wallet security system allowed unauthorised access. Other possibilities include compromised server security and weak private key management. #BinanceLaunchpoolHMSTR #CATIonBinance #HackerNews #DefiPoolz
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How to Make Money Online to Start Your Crypto Journey. 1. Start a Dropshipping Business: Dropshipping is a business model where you sell products directly to customers without holding any inventory. Here's how it works: when a customer places an order on your ecommerce store, the supplier handles the storage, packaging, and shipping on your behalf. This means you don't need to worry about stocking products or managing logistics. To start a dropshipping business, you need an ecommerce platform. Shopify is one of the most popular choices for online entrepreneurs. By installing a dropshipping app on Shopify, you gain access to numerous suppliers across various product categories. You can source products such as clothing, electronics, home goods, and more. Once you list these products in your store, you can start marketing them to potential customers. Steps to Start a Dropshipping Business on Shopify: 1. Set Up Your Shopify Store: - Sign up for a Shopify account. - Choose a theme that fits your brand. - Customize your store with your logo, colors, and style. 2. Install a Dropshipping App: - Popular apps include Oberlo, Spocket, and AliExpress Dropshipping. - These apps connect you to suppliers and allow you to import products into your store. 3. Select and Import Products: - Choose products that have high demand and good profit margins. - Import these products into your store with a few clicks. 4. Market Your Store: - Use social media, SEO, and paid advertising to drive traffic to your store. - Create engaging content and promotions to attract customers. 5. Handle Orders: - When a customer makes a purchase, the order is sent to the supplier. - The supplier ships the product directly to the customer. 6. Provide Customer Service: - Offer excellent customer support to build trust and encourage repeat business. - Handle returns and refunds as needed. Dropshipping is a Good Way to Make Money Online. If you want to know more about Dropshipping, follow me now and let me know in the comments. #Binance200M #TopCoinsJune2024
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#btc70k The Dark Side of Crypto: Understanding Pump and Dump Schemes What is a Pump and Dump Scheme? A pump and dump scheme involves artificially inflating the price of a cryptocurrency through misleading information, only to sell off holdings at the peak, causing the price to crash and leaving late investors with significant losses. These scams typically unfold in three stages: 1. The Pump: Scammers purchase large quantities of a low-value cryptocurrency and then create false hype around it. This is often done through social media, forums, and messaging apps, where scammers spread optimistic predictions and fake news about the cryptocurrency's potential. 2. The FOMO: As the price starts to rise due to initial purchases, fear of missing out (FOMO) kicks in. More investors, lured by the potential for quick profits, begin to buy into the cryptocurrency, driving its price even higher. 3. The Dump: Once the price reaches a peak, the scammers sell off their holdings at inflated prices. This sudden sell-off causes the price to plummet, leaving latecomers with devalued assets and significant financial losses. Real-World Impact The decentralized and often unregulated nature of the cryptocurrency market makes it fertile ground for pump and dump schemes. In 2023, the SEC charged several individuals involved in a large-scale pump and dump operation that manipulated the prices of multiple cryptocurrencies, causing millions in investor losses. How to Protect Yourself - Research Thoroughly: Before investing, ensure the cryptocurrency project has a legitimate use case and transparent team members. - Be Skeptical of Hype: Be wary of sudden price spikes driven by social media buzz and unverified news. - Avoid FOMO: Making investment decisions based on fear of missing out can lead to significant losses. Take your time and make informed decisions. By staying informed and cautious, investors can protect themselves from the dark side of the crypto boom and make smarter investment choices. Follow me for more updates 👍 #ETHETFsApproved #PEPE #EarnFreeCrypto2024
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🚨 Attention Pepe Enthusiasts! 🚨 Having delved into meme market analysis and other cryptocurrencies, I've observed a success rate of 95%. Now, regarding Pepe coin, it seems to have solid support around $0.00001020. If it holds above this level, the price could soar to $0.00001500. However, don't rule out a retest, which might dip as low as $0.00000950. Stay vigilant, watch the market closely, and enjoy potential profits. Remember, do your own research! This analysis is just that – analysis, not financial advice. Follow me for more updates #Memecoins #ETHETFS #altcoins #ETFvsBTC #buythedip
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