A cumulative amount of nearly ~$3.45B has been stolen from crypto exchange custody from 48 recorded hacks since 2012. The most frequent way assets were stolen from exchanges was through hot-wallet hacks.
#BinanceTournament #feedfeverchallenge #Binance #staysafu #technology

Why KYC is so important? 🤔

Know Your Customer (KYC) is a legally mandated procedure whereby collect identifying data and contact information from existing and potential clients. Its main purpose is to prevent fraud, money laundering, terrorist financing, and other illicit activities and to ensure customer due diligence as a part of Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) compliance efforts.

#staysafu #kyc

According to Immunefi reports, Number of crypto hacks, scams jumped 192% year-over-year

#safu #staysafu #crypto2023 #Binance #dyor

Chinese billionaire Guo Wengui arrested and charged in alleged fraud conspiracy that bilked investors of more than $1 billion. Guo Wengui, an exiled Chinese business man alleged for perpetrating a slew of schemes that defrauded investors.
#BTC #staysafu #CryptoFearandGreed #BNB

🚨 Poolz Finance Hacked, POOLZ Token Dumps -97%, Team Announced To Launch New Token Contract & Airdrop POOLZ Holders !
#Binance #crypto2023 #BTC #staysafu

Hackers Stole 4300 ETH From Exactly Protocol🤯😱

A recent exploit has targeted Exactly Protocol, a Decentralized Finance (DeFi) project built on the Ethereum (ETH) blockchain, resulting in the loss of 4,300 ETH worth of crypto.

The hack has been estimated to have caused a loss of approximately $7.3 million, highlighting the urgent need for enhanced security measures in DeFi platforms and smart contracts.

In response to the ongoing security issue, Exactly Protocol has temporarily suspended its operations while investigations are being carried out. However, users will still be able to withdraw their assets during this period.

The project's commitment to transparent communication and user protection remains evident, and this swift and calculated move to suspend activities demonstrates the project's prioritization of user safety above all else.

While inconvenient for users, such measures are essential to prevent further damage and ascertain the scope and nature of the breach.

#staysafu

🚨 BREAKING 🚨

BITCOIN AND CRYPTO EXCHANGE BITTREX FILES FOR BANKRUPTCY 😲

#bittrex #bankruptcy #bitcoin #BTC #staysafu

Scam Alert🥺👇
Scammers Hack India’s News24 Twitter Account To Promote Fake XRP Airdrop featuring Ripple XRP CEO Brad Garlinghouse.
#staysafu #sec #GPT-4 #xrp