Crypto Sleuth reports a staggering $47 million loss to phishing scams in February, with over 57,000 individuals falling victim. Fake accounts on X emerge as prime suspects.
A massive theft of over $6 million occurred on February 15, followed by another significant loss of about $3 million on February 28. All 29 days of the month witnessed crypto thefts and scams.
Victims were mostly lured to phishing websites through impersonated Twitter accounts. Signatures like Permit and IncreaseAllowance contributed to the majority of thefts.
Ethereum mainnet bears the brunt with 78% of the thefts, predominantly targeting ERC-20 tokens, which constitute 86% of the total assets stolen. However, the number of victims losing over $1 million decreased by 75% compared to the previous month.
In the final week of February, MicroStrategy's X account fell victim to hacking, resulting in a user losing over $420K to a malicious link within minutes of its appearance.
Ripple CTO David Schwartz claims immunity to phishing, contrasting with co-founder Chris Larsen's loss of 213 million XRP, valued at over $110 million, due to unauthorized access.
Ripple's XRP whales accumulate 110 million XRP amidst legal battles, signaling confidence. Despite challenges, market sentiment rises with XRP's price up 1.8%. Legal uncertainties linger, impacting future trends and investor focus.
Xu LinRipple sells 150 million XRP from reserves, totaling $75 million, inflating supply by 0.25%. This contributes to an estimated yearly inflation rate of 4.35%. Historical data shows Ripple's sell-offs often lead to local price crashes for XRP. Current market situation sees XRP trading at $0.507, down nearly 7% post-sell-off, with weak momentum indicated by RSI. Monitoring Ripple's activities crucial for understanding XRP's price and market dynamics.
EdmundRipple's CEO predicts US government scrutiny on Tether, sparking a clash between the two companies amidst Ripple's own stablecoin launch.
WeatherlyRipple seeks to seal documents in SEC lawsuit, citing sensitive financial data. Concerns include competitive harm and preservation of negotiating power. Legal precedent and industry support bolster Ripple's case. XRP trades at $0.507 amidst ongoing legal proceedings.
Xu LinXRP derivatives trading volume surges 194% in 24 hours, reaching $831.89M. Spot market sees 130% increase to $878.89M. Combined turnover hits $1.7B, 6% of XRP's $28B capitalization. Surge coincides with pivotal date in Ripple v. SEC case, with parties filing motions to seal materials related to remedies briefing. Anticipation grows amid legal battle's impact on XRP's future.
Xu LinRipple CEO Brad Garlinghouse warns of potential consequences as the U.S. government focuses on Tether, fearing another crypto black swan event. Regulatory scrutiny on Tether raises uncertainty in the crypto market, while Ripple plans its own stablecoin launch. Tether faces ongoing investigations amid concerns over reserve transparency.
Huang BoXRP sees slight 0.46% increase in 24 hours, signaling cautious uptrend. Short-term outlook bears $0.5135 support level; breach may test $0.51. Medium-term lacks reversal signals; breach of $0.51 could lead to $0.48-$0.50 range. Weekly bar nears bearish close, potentially testing $0.4780. XRP at $0.5130.
Xu LinSEC's reply brief in Ripple lawsuit anticipated for May 6, 2024. Analysts expect SEC to strengthen claims for remedies, including potential injunction. Outcome holds significant implications for Ripple and crypto market sentiment.
Xu LinMagistrate Judge Netburn sets deadlines in Ripple vs. SEC battle. Ripple contests $2B penalty, seeks fair adjudication. Crypto industry watches closely as Netburn navigates the case's complexities.
Huang BoRipple counters SEC's $2 billion demand with $10 million proposal. Binance settles for $4 billion, CEO pleads guilty.
Huang BoAs part of this migration, Crypto Unicorns users can expect all transactions associated with the platform to be free, leveraging the already cost-effective gas on the XAI network.
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JinseFinanceHuang acknowledged Zach's contributions to the crypto community and expressed that taking legal action was a last resort.
DavinOn-chain detective ZachXBT said a Canadian scammer worked with others to lure people to fake Discord servers in order to steal considerable sums of money. ZachXBT also said the main culprit bought expensive Roblox items.
TheBlockMachiBigBrother alleges ZachXBT defamed in a 2022 report that stated he embezzled over 22,000 ETH from Formosa Financial.
BeincryptoHe alleged that the firm misrepresented investments from Stake.com Ventures and Playtika but has no working products
BeincryptoZachXBT warns that Twitter users @radako and @Fitz_lol are stealing from their followers using NFT scams.
cryptopotatoZachXBT, a blockchain investigator, has presented proof disproving previous rumors regarding the identity of the FTX hacker and their alleged memecoin behavior.
The Crypto StarAccording to a crypto sleuth Librehash, the Wintermute hack required a level of security clearance only available to insiders.
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