Crypto Fraud Chronicles - FatBTC: The Fall of a Crypto Colossus and the Scam that Woke Everyone Up
By Ed Martinez Welcome to Crypto Fraud Chronicles, a series that unravels the biggest scams and busts in the crypto world. From fraudulent exchanges to projects that promised to revolutionize the market, we analyze the cases that shook the confidence of thousands of investors. In this first article, we will explore the story of FatBTC, an exchange that was once considered safe, but ended up embroiled in accusations of fraud and shady practices. What went wrong? Join us to find out.
Worldcoin ($WLD ) has surprised everyone with a 17.2% surge in the past 24 hours, reaching $2.11. What's driving this boom? 🌍 First, its strategic partnerships are creating higher transaction volume and gaining market trust. Also, its focus on biometric identity verification is gaining acceptance in several countries, driving up demand for the token.
Optimism around crypto regulation 🌐, coupled with overall positive sentiment in the market, has positioned Worldcoin as one of the cryptos with the greatest growth potential. Investors and enthusiasts are paying attention, and many believe this is just the beginning. 🚀
What do you think? Join the conversation! Is Worldcoin the next big opportunity or just a fad? 🧐💬 Share your thoughts with the community and stay tuned for what's coming next.
Anticipation for Hamster Kombat continues to grow, and with its official launch on Binance on September 26, 2024, rumors point to the HMSTR token potentially debuting near $1 USD. Although its pre-market value is currently $0.637, some investors on platforms like KuCoin are already speculating a big jump due to the 19.19% growth in recent days.
Why so much enthusiasm? 🌟
Hamster Kombat is much more than just a game. With over 300 million active users, this cryptocurrency-based game allows players to compete in hamster battles and earn $HMSTR tokens. The community is enthusiastic about the project, and with the backing of major exchanges like Binance, the token’s value is expected to rise rapidly.
Bitcoin is close to breaking $70,000! What is driving its price?
🚀 Bitcoin ($BTC ) on the verge of an explosion 🚀 The crypto market is in full swing, and Bitcoin is about to reach one of its most significant resistances: $70,000! But what is behind this unexpected jump? The answer lies in China's recent economic policies. 🔍 What's happening in China?
China has launched a new economic stimulus to strengthen its economy, which has generated a positive impact on global markets, including crypto. $BTC , considered a "safe haven asset", has gained momentum thanks to the liquidity that these stimuli provide. However, the road to $70,000 will not be easy. The resistance at $65,000 remains a strong obstacle, and if it is not overcome, we could see a correction towards $59,000.
The crypto and tech world has witnessed an attack targeting OpenAI, one of the most influential companies in the field of artificial intelligence. Last Monday, its official press account on X (formerly Twitter) was hacked, and scammers promoted a fake token called $OPENAI. 😱
What exactly happened? 💡
Cybercriminals infiltrated OpenAI's official account and posted a misleading tweet announcing the creation of $OPENAI, a supposed token designed to "bridge the gap between AI and blockchain technology." The message included a link to a fake website, asking users to connect their digital wallets to claim the token. ⚠️ Danger! This is a common tactic used by hackers to steal cryptocurrency.
Let's reflect together on the Hamster Kombat airdrop 🐹⚔️
It's understandable that some people feel some frustration with the airdrop rewards. However, I invite the community to rethink the perspective from which we evaluate this opportunity. After all, it wasn't necessary to invest money or large amounts of time 💸⏳. Most of us completed the tasks in our spare time, without considerable effort.
While content creators received more tokens, it's important to recognize their key role in **marketing** and spreading the word about the project 📣. They contributed to Hamster Kombat reaching a larger audience, and it's logical that they were rewarded to a greater extent. 🎥
Let's take advantage of what we got instead of focusing on what others earned. In the crypto world, patience and long-term strategy are essential. Although 11.5% of the tokens will be locked for 10 months 🗓️, that time can be beneficial if the project continues its growth 📈.
The initial price of the HMSTR token is estimated between **$0.13 and $0.28**, but as it usually happens in these events, there could be variations right after the launch (Source: Finbold and 99Bitcoins).
🔗 Here I share useful sources for you to delve deeper into the airdrop process: - 99Bitcoins: Hamster Kombat Vesting and Airdrop - Finbold: Hamster Kombat Launch and Expectations
Hamster Kombat vs. Catizen: Which of these crypto gaming giants will dominate the market? 🐹⚔️
Get ready for the fight of the year in the crypto world! If you're into gaming, cryptocurrencies, and airdrops, you've probably already heard of Hamster Kombat ($HMSTR) and Catizen ($CATI ). These two titans are conquering the hearts of gamers and the wallets of investors, but which one has the true potential to dominate the gaming token space? Let's compare them and see who comes out on top in this epic showdown. 🏆🔥 --- Round 1: The initial hype 💥
HarryPotterObamaSonic10Inu: The Hype of the Meme Token That Conquered Crypto
🔮🦔✨ HarryPotterObamaSonic10Inu... A name that seems to come out of a surreal dream, and indeed, it is. This token that fuses meme culture with the crypto world was launched in 2022, quickly capturing the attention of investors and blockchain enthusiasts. As its name suggests, this project is an amalgamation of iconic characters: Harry Potter, Barack Obama, and Sonic the Hedgehog, all gathered in a single ERC-20 token, which undoubtedly broke the traditional schemes of cryptocurrencies.
Hello everyone! Hope you're doing well. BlueCrab🔵🦀 here telling you a little bit about the Hamster Kombat airdrop🐹. I've seen a lot of people are unhappy with the amount of tokens they're going to receive, but in my opinion, they should be happy. How much did we really invest? How much did we spend? Nothing! We just played.
Personally, I received 400 tokens after playing for a month, spending only about two hours a day. Plus, it wasn't even a concentrated time; I played while I was in the bathroom, on the way home, on the commute, or during my lunch break at work. I mean, I didn't invest any serious time and generated those 400 tokens.
If you think about it, you can say, "You received 400 tokens, how much are they worth?" Well, if we sell them for 1 cent per token, that would be $4 for free! Now, if something like what happened with Catizen🐱 ($CATI ) happens, we could see the token going up to $1 each. If you received 1000 tokens, imagine receiving $1000 just for playing!
This is why I think it's illogical for us to complain about the amount of tokens. There were a lot of users playing at the same time, and we should be thankful that they banned those who cheated by using hacks or exploits to get more keys and achievements in time.
That benefited a lot of us who play honestly. I played a little, but I know people who dedicated a lot of time from the beginning, without cheating, and they did very well. In their airdrop, they received 6000 $HMSTR.
This is because they invited a lot of friends to join, which was one of the best ways to earn tokens. So, without further ado, thank you for your attention, follow the blog and we'll be in touch!
🚨 Germany Shuts Down 47 Cryptocurrency Exchanges! What Does This Mean For The Future Of Bitcoin? 💥
In an unprecedented move, the German government has shut down 47 cryptocurrency exchanges this September 2024, in a massive effort to combat cyber fraud and money laundering. 😱🚫 This operation, known as “Operation Final Exchange,” has the entire crypto world talking. 💣 What happened? German authorities found that these exchanges were not complying with KYC (Know Your Customer) regulations, facilitating anonymous transactions and enabling illegal activities such as money laundering and cyber fraud. Among the exchanges affected are names like Xchange.cash, Baksman.com and 60cek.org. Some of these sites have been operating since 2012! 😯
🚨CRYPTO ALERT! BingX Suffers $52 Million Hack, But There Is Good News... 😱💸
September 2024 has brought a heavy blow to the crypto world: the BingX exchange platform has been the victim of a massive attack, losing $52 million. 😨 Despite the magnitude of the attack, BingX has surprised its users with a quick and effective response, which could make all the difference to its reputation. 💪✨
🔐 What exactly happened? The hack occurred yesterday, September 20, affecting mainly one of its hot wallets. Initially, the losses were thought to be minor, but the number skyrocketed when investigators delved deeper into the incident. The curious thing is that most of the users' funds were stored in cold wallets, which safeguarded a large amount of cryptocurrencies. 🥶🛡️
🌪️ The End of Terraform Labs: What happened to the fallen crypto giant? 💸
It's over! 🚨 Terraform Labs, the company behind the failed TerraUSD ($USTC ) and Luna ($LUNC ), has come to an end. On September 20, 2024, a US judge approved the final liquidation of the company. How did we get here? 🤔
After its collapse in 2022, where $60 billion was lost, Terraform Labs became the epicenter of lawsuits and accusations of massive fraud. Now, the company will close its doors, after agreeing to a $4.47 billion payment with the SEC. 💼 However, the actual amount that creditors will receive will be much lower, between $184 and $442 million.
And what about Do Kwon, the controversial founder? 🌍 After being arrested in Montenegro in 2023 for using forged documents, Kwon faces the possibility of being extradited to the US or South Korea, where more legal troubles await him. ⚖️
What can we learn? 📚 The collapse of Terraform Labs is a lesson in the risks that exist in the crypto world, where the promise of quick profits can turn against you in the blink of an eye. 😵💫
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Don't miss anything! 🔔 If you are passionate about the world of cryptocurrencies and sports betting, follow us for more news and analysis every day! 📲 Don't forget to share this article with your friends so everyone knows what really happened with Terraform Labs. 👀👥
🚀 Today the $CATI token was launched on Binance and has caused quite a stir in the crypto world! 🌐 This token is part of the Catizen game, a Telegram-based Web3 project with over 1 million paid users. Players can earn CATI while interacting in the game and use it for purchases within the ecosystem.
Price and performance 📈
The token debuted at $1.05 USD and grew by 16.4% in its first few hours. With a volume of $475 million in 24 hours, CATI is positioned as a new gem for crypto gaming enthusiasts. 150 million tokens were issued, representing only 15% of its total supply. 🔥
Comparison with $WIF 💰
While the token was stable after its launch, CATI has shown more volatility, driven by the hype of **Web3 gaming**. Both have been well received, but each has a different path. 🏆
What do you think? 🤔
Do you think CATI will continue to rise like other tokens or will it be a roller coaster ride? 🎢 Share your opinion and join the conversation! 💬
Challenge Liga MX and Win with Cryptocurrencies! Exclusive Results and Predictions
The Liga MX is on fire! 🌟 With an Apertura tournament full of surprises, teams are fighting for every point to secure their place in the playoffs. In the meantime, we continue to bet on cryptocurrencies such as USDC, XRP, and LUNC, taking advantage of the best opportunities in the market. Let's see how the last matches developed and what the weekend has in store for us! Results of Matchday 8 (September 17 and 18) Xolos 🐾 3-1 Santos 🟢 Analysis: Tijuana dominated the match from the start, taking advantage of Santos' defensive weaknesses. With a hat-trick from their star striker, Xolos secures three vital points to stay in the fight.
🚀 The 3 Most Volatile Cryptocurrencies of the Week 🚀
Between September 12 and September 19, 2024, these 3 cryptocurrencies have stood out for their impressive volatility:
1. Fantom ($FTM ): Up 32.5%! 🔥
Its high-performance and scalability technology is revolutionizing the crypto space. Fantom has caught the attention of investors looking for projects with solid technological foundations.
2. Fetch.ai ($FET ): Up 9.3% 📈
With its focus on artificial intelligence and automation, Fetch.ai has proven to be a key player in the market. Its recent merger with SingularityNET and Ocean Protocol to form the Artificial Superintelligence Alliance has generated a lot of hype.
3. Aave ($AAVE ): Up 4.52% 📊
Driven by the growing interest in decentralized finance (DeFi), Aave has been one of the most sought-after cryptocurrencies. Its decentralized lending platform continues to attract users looking for alternatives to traditional banking.
What's Driving This Volatility?🤷
Uncertainty in the US Federal Reserve's monetary policies, market movements led by Bitcoin, and speculation around new technologies are creating an environment ripe for wild price swings.
🔮 Which Cryptocurrencies Do You Think Will Be the Next Volatile?🤔
In our humble opinion:🚀 Fantom (FTM), Fetch.ai (FET), and Aave (AAVE) could continue to grow driven by the adoption of scalable technology, AI collaborations 🤖, and interest in DeFi. However, volatility lurks ⚠️ due to possible price corrections and market speculation. Do you think these cryptocurrencies will maintain their momentum or face setbacks? 🤔 Share your prediction and analysis in the comments! 💬✨
Stellar ($XLM) on the Rise! Find Out How to Take Advantage of This Golden Opportunity and Navigate the Upswings
Are you ready to dive into the exciting world of cryptocurrencies? Stellar ($XLM ) is capturing the attention of investors all over the world, and you could be a part of this exciting adventure. In this article, we will reveal the latest news about Stellar as of September 19, 2024, and give you foolproof strategies to maximize your profits. You don't want to miss this! Recent News on Stellar 🌟 Current Price : Attention investors! Stellar (XLM) price is at
Cryptocurrency Sports Betting Guide for the Champions League 2024!
The 2024/25 Champions League has kicked off with a bang, and crypto sports betting is a growing trend. If you're a betting fan and want to take advantage of blockchain technology to make your predictions, this guide is for you! Let's explore the best crypto betting sites, recent results, and upcoming matches you can't miss. 🎰 Best Cryptocurrency Betting Sites BC.Game 🎮: Offering a wide variety of Champions League markets and accepting cryptocurrencies such as $BTC , and more, it also features exclusive promotions for new users and a safe betting environment.
Get your hamsters ready! What's coming up tomorrow in Hamster Kombat
Tomorrow, September 20, 2024, the global phenomenon Hamster Kombat continues to raise the bar with its next big event. The platform has reached an impressive milestone of 300 million players, cementing its position as one of the most popular games of the moment. But that's not all, the big moment will be the official launch of its token generation event (TGE) on September 26, accompanied by a massive airdrop of its $HMSTR tokens to reward its loyal community of players(Decrypt)(Cointribune).
Crypto Boom! Why Are Cryptocurrencies Going Up Today? [For Newbies]
Today, September 19, 2024, the cryptocurrency market has seen a remarkable boost, especially Bitcoin, which has reached $63,000. Why this rise? 🤔 Let's break it down in a simple way.
What is Driving the Price of Bitcoin? 📈 The main reason behind this surge is the recent announcement by the US Federal Reserve (the Fed) to cut interest rates by 50 basis points. This has led many investors to look for more profitable alternatives, such as cryptocurrencies, as with low rates, returns on traditional investments such as bonds and savings accounts become less attractive.