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💵 Gala Games загрожує порушення безпеки на 200 мільйонів доларів Gala Games, блокчейн-ігрова платформа, була вражена ще одним порушенням безпеки. Жетони $GALA на суму близько 200 мільйонів доларів були викарбувані та систематично продані нечесною адресою адміністратора Gala Games. Згідно з рухами в ланцюжку, токени вартістю 200 мільйонів доларів обмінювалися на ETH. Більше використання децентралізованих систем допоможе запобігти таким експлойтам. Однак насправді це не перше порушення безпеки для GALA; ще у 2021 році платформа зазнала збитків у 130 мільйонів доларів. Шахраї видали себе за офіційний профіль платформи X Gala Games, щоб рекламувати фальшиву подію міграції токенів. Нескінченні порушення безпеки Gala Games демонструють необхідність критичних і надійних заходів безпеки та, що найважливіше, використання децентралізованих систем у ігровій індустрії для захисту користувачів і підтримки довіри. #GALA

💵 Gala Games загрожує порушення безпеки на 200 мільйонів доларів

Gala Games, блокчейн-ігрова платформа, була вражена ще одним порушенням безпеки. Жетони $GALA на суму близько 200 мільйонів доларів були викарбувані та систематично продані нечесною адресою адміністратора Gala Games. Згідно з рухами в ланцюжку, токени вартістю 200 мільйонів доларів обмінювалися на ETH.

Більше використання децентралізованих систем допоможе запобігти таким експлойтам. Однак насправді це не перше порушення безпеки для GALA; ще у 2021 році платформа зазнала збитків у 130 мільйонів доларів. Шахраї видали себе за офіційний профіль платформи X Gala Games, щоб рекламувати фальшиву подію міграції токенів.

Нескінченні порушення безпеки Gala Games демонструють необхідність критичних і надійних заходів безпеки та, що найважливіше, використання децентралізованих систем у ігровій індустрії для захисту користувачів і підтримки довіри.

#GALA

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🍕HOW A 10,000 BITCOIN PIZZA CHANGED BITCOIN ● Today, May 22, marks 14 years since a Florida programmer made the first transaction using Bitcoin ● Laszlo Hanyecz spent 10,000 bitcoin to buy two Papa John’s pizzas ● His act is now mythologized as Bitcoin Pizza Day, celebrated throughout the crypto sector Bitcoin Pizza Day: Fourteen years ago today Laszlo Hanyecz paid 10,000 Bitcoin for a pizza, marking the first commercial transaction made using the cryptocurrency. And with it, Bitcoin Pizza Day was born. The Florida-based programmer, aged 28 at the time, posted a pizza order in a Bitcoin Talk Forum on May 22, 2010. He wanted a pizza delivery “where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!” 🔸 Pizza Set the Stage for Bitcoin Revolution Hanyecz offered 10,000 bitcoin (BTC) to the person who would bring him the pizzas. 💬 “I’ll pay 10,000 bitcoins for a couple of pizzas … like maybe 2 large ones so I have some leftover for the next day. I like having leftover pizza to nibble on later,” he said. 💬 “You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins…” Jeremy Sturdivant, a California student who was 19 at the time, took up the offer and brought Hanyecz two large pizzas from Papa John’s for 10,000 Bitcoin. The deal, which has since been mythologized as Bitcoin Pizza Day, has earned notoriety over time because 10,000 BTC, worth about $41 at the time, is now worth $700 million at existing prices. More importantly, Pizza Day marked the first time Bitcoin, first mined by its pseudonymous founder Satoshi Nakamoto on January 3, 2009, was ever used in a commercial transaction. The transaction spawned an industry that is now valued at $2.7 trillion. $BTC #pizzaday #BTC
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😱 Allegedly, SEC is Preparing to Approve Spot Ethereum ETFs! to the Spot Ethereum ETF filings from NASDAQ and CBOE on Monday. Reuters claimed that sources said the SEC may be ready to approve ETH ETFs. 💬 US SEC Request Signals Regulator May Be Poised to Approve Filings — db (tier10k) May 21, 2024 The SEC asked Nasdaq and CBOE on Monday to correct applications for spot ETH ETFs, signaling it may be ready to approve the applications, three people familiar with the process told Reuters. The SEC must decide whether to approve applications filed by the CBOE to list Ethereum ETFs submitted by VanEck and ARK Investments/21Shares on May 23-24. The SEC did not have detailed discussions with exchanges and issuers regarding application details as in the case of Bitcoin ETFs. For this reason, leading industry executives predicted that this situation would lead to a negative decision. But in a surprise move Monday, SEC officials asked Nasdaq and CBOE to quickly make updates and changes to the filings. Evaluating this situation, experts stated that these change requests usually come before approval. In addition, in order for ETH ETFs to begin trading, exchanges must also approve the S-1 applications of the issuing companies, in addition to the 19b-4 applications. At this point, experts pointed out that, unlike stock exchange applications, there is no specific time frame within which the SEC must make a decision for S-1 applications, and said that this could mean that it may still take several months for Ethereum ETFs to be traded. $ETH #ETH #Ethereum
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📣 Gala Games exploiter returns $22M from GALA token attack Gala Games has received around $22 million in Ether (ETH) from the person responsible for a May 20 “security incident” where $200 million worth of Gala (GALA) tokens were minted and a small portion sold before the wallet was frozen. On May 21, the attacker’s wallet sent back 5913.2 ETH worth $22.3 million — close to the market value of the 600 million GALA they sold a day earlier. Gala said in a May 21 blog post that the ETH’s return came after the team’s “swift, effective response and the involvement of Federal law enforcement agencies.” Gala said it used a new “GalaChain’s blocklist protocol” feature to effectively freeze 4.4 billion GALA from the 5 billion minted within 45 minutes.  Gala’s co-founder and CEO, Eric Schiermeyer, said in a May 20 X and Discord post that the alleged attacker had been identified, including “his home address.” Gala Games has not publicly confirmed the identity or method of the exploit, but some community members claim Gala had said the attack was from a security contractor who slipped up after connecting to the wallet without a VPN. Schiermeyer said in a Discord post that the team will likely buy back and burn the equivalent GALA tokens using the returned ETH. 💬 “I don’t see anything else we should do with the eth,” Schiermeyer wrote. “We will probably buy and burn on galaswap.” Meanwhile, a Gala Games blog post suggested a governance vote is being conducted to decide if the 4.4 billion blocklisted GALA will be “considered burned.” The string of developments comes as DWF Labs revealed it purchased 28 million GALA tokens in the open market to “stabilize the token’s value.” 💬 “The security of our investments and their communities is important to us,” said the firm" $GALA #GALA
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🚫 Ripple Collaborates with Top Tech Players to Counter Online Fraud The popular crypto platform Ripple (XRP) has recently made a remarkable development to deal with the increasing financial scams. The company has reportedly joined forces with top tech entities including Kraken, Gemini, Meta, and Coinbase to counter online fraud as well as financial schemes. The platform took to its official X account to disclose the respective development. 💬 Introducing Tech Against Scams!🛡️ Ripple is joining forces with Match Group, Coinbase, Meta, Gemini, krakenfx, and more to combat online fraud and financial schemes. Together, we're taking action to protect consumers and disrupt scammers. — Ripple (Ripple) May 21, 2024 🔸 Ripple Starts a Partnership with Well-Known Tech Firms to Fight Online Financial Scams It noted in its recent post that the collaborating entities would attempt to secure the clients and stop scammers. This partnership will enable the participating platforms to avert the operations of malicious actors targeting innocent investors. The collaboration takes into account the Global Anti-Scam Organization Tech Against Scams, Gemini, and Ripple. It also includes Kraken, Meta, Hinge, and Tinder’s parent company, Match Group, and Coinbase. These firms will join to find out the ways to prevent the scammers from using the tools to defraud people. In addition to this, they will also educate the people and shield them against such activities. Moreover, the collaboration also pays attention to disrupting the quickly evolving financial frauds. 🔸 The Collaboration Targets Using Each Participating Firm’s Exclusive Expertise to Prevent Scams The respective Ripple endeavor deals with sharing threat intelligence and the finest practices along with other tips to assist users. As a result of this, the consumers would potentially stay protected before falling prey to online fraud. The most dangerous frauds take into account pig butchering crypto scams and romance scams. $XRP #XRP #Ripple
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🚀 AVAX adds nearly 25% gains in one week, can it sustain the rally? Avalanche (AVAX), a cryptocurrency platform that rivals smart contract network Ethereum, extended its gains on Tuesday. AVAX has rallied nearly 25% in the past week, technical indicators show that the token could continue climbing higher. The project announced the launch of a new Layer 1 chain targeted at game developers. 🔸 Avalanche could extend gains this week The Ethereum competitor is exchanging hands at $40.49 on Binance. Avalanche rallied over 38% from the April 13 low of $29.24 to $40.49. Starting May 15, AVAX price has formed higher highs and higher lows. A daily candlestick close above the April 12 high of $46.89 could confirm a trend reversal in the asset. AVAX could target $47.32, the 50% Fibonacci retracement of the decline from March 18 top of $65.39 to the April 13 bottom of $29.24. Prior to April 11, the $47 level held as steady support for Avalanche. A close above this level could erase the losses faced by AVAX holders in May 2024. The Relative Strength Index (RSI), a momentum indicator climbed to 61, closer to the oversold zone at 70. The surge in RSI is in line with the price increase in Avalanche, there is no divergence observed on the 1-day AVAX/USDT price chart. The Moving Average Convergence Divergence (MACD) indicator shows positive momentum underlying the uptrend in AVAX, between May 15 and 21, as seen in the chart below. AVAX is likely to hold on to its recent gains, unless the token closes below the May 15 high of $34.79. Avalanche could sweep liquidity at this level, AVAX could attempt a recovery post the correction, if one occurs this week. The downside targets for AVAX are the May 15 low of $31.35 and the April 13 low of $29.24. Avalanche recently announced the launch of a new Layer 1 chain that provides a secure platform to attract game developers. The project GameChain is powered by AVAX and will likely see new game development on its platform. $AVAX #AVAX #Avalanche
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