โ๏ธ Crypto Phishing Attacks Surge 215% in August: $55M Lost in Single Incident
๐ฃ Cryptocurrency phishing attacks skyrocketed by 215% in August, with total losses exceeding $66 million. A single major attack accounted for $55 million, highlighting the increasing sophistication of scammers. While the number of victims decreased by 34% from July, the stolen amount surged dramatically.
๐ฅ The crypto industry is responding with measures like Binance's "antidote" against address poisoning scams and the launch of the Security Alliance anti-hack response team. These attacks underscore the critical need for heightened security awareness in the crypto space.
โ๏ธ The surge in phishing attacks calls for extra caution. Always double-check addresses and be wary of suspicious links. Your crypto's safety depends on your awareness!
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Wondering why you are at -90% profit on memecoin trading?
Wondering why you are at -90% profit on memecoin trading? While you see dozens of screenshots on CT with 100x deals U just being manipulated by insiders who faked token popularity
How insiders manipulate u, how to spot and avoid it โซ Before we get started โ I'll be making my profile private soon, so to keep up with my latest threads and insights, make sure you follow @CryptoTony โ Please consider reposting the first post, or simply giving it a like if u're appreciate my work
1/โซ Have you ever wondered how exactly meme coins gain popularity? โ Yes, it could be influencers, funny memes, or just community, but there's one thing that few people consider Yet everyone is affected by it 2/โซ When we're on @dexscreener searching for a new gem and navigating to the $SOL chain โ We immediately see the "trending" tokens, and 98% of us will choose a token without even getting to the 20th option โ But do you know how they get there? 3/โซ The 2 key characteristics to make it into trending tokens are volume and the number of holders โ And it turns out that these metrics are very easy to manipulate, which is exactly how insiders deceive you So let's find out how to spot them: 4/โซ There are several methods they can use to do this: โข Using solo buysโข Using insider friends โข Using automated software that buys the token from thousands of different wallets And mostly insiders use the 3rd option 5/โซ So, by paying 60 SOL, 4,332 wallets with 14 txs/minute will buy the token u want โ This increases both the volume and the number of holders, pushing it to the top โ Then, the token's popularity and price rise, and the insiders cash out at your expense So how to spot it? 6/โซ Tg Community โ The problem is that such a large number of holders and volume should be matched by an equally active community โ When you enter the TG group and see 1 message/5 min, it becomes clear that it's a fake And in 99% of cases, such tokens end up being rug-pulled 7/โซ Additional way to spot it โ Another way to spot this is by checking transactions on Dexscreener โ This bot-buying activity does show up in the transactions, and they're all happening at 0.01 SOL So it's quite noticeable. โซ I hope you've found this thread helpful! Follow me @CryptoTony for more #BinanceBlockchainWeek #CryptoMarketMoves #SahmRule #BNBChainMemecoins #TON
In the wild world of Crypto, there's nothing more dangerous than a bear trap.
It lures unsuspecting investors in with the promise of a sharp drop, only to close abruptly when the market suddenly reverses. Those who fall into this trap find themselves trapped on the wrong side of the trend, helplessly watching prices soar back up, leaving their positions in ruins. ๐
This is no ordinary market move: it's a masterful example of deception, often orchestrated by the big players who know how to play the game. If you're not careful, you could find yourself selling at the worst possible time, only to see the market soar without you. So stay alert!
Have you ever found yourself in such a situation? Tell me about it in a few lines โบ๏ธ