As a researcher with a background in cybersecurity and cryptocurrencies, I find the Binance account hacks story particularly alarming. The fact that users lost millions of dollars through hacked accounts is a serious concern, and the reports of Binance’s alleged knowledge of the compromised plugin and failure to act promptly adds fuel to the fire. As someone who closely follows the crypto space, I can understand the frustration and lack of trust this incident has caused within the community.
U.Today has prepared the top three news stories over the past day.
Binance users lose millions after accounts hacked
Wu Blockchain, a prominent account specializing in crypto news in Asia on X platform, has shared troubling reports of multiple Binance user accounts being hacked. These unfortunate incidents resulted in substantial financial losses for the victims, totaling millions of dollars. The first documented case involves a Chinese user named Nakamao, who downloaded a Google plugin named Aggr, promoted by a Key Opinion Leader (KOL). Following this action, his Binance account was compromised and he lost close to $1 million on May 24. The hackers employed a method called cross-trading, exploiting hijacked cookies to circumvent password and two-factor authentication verification. Another user also fell victim to the same attack on March 1.
Billionaire investor Chamath Palihapitiya makes case for Bitcoin to $500K
After the fourth Bitcoin halving event approximately four weeks ago, industry experts continue to ponder the asset’s potential future pricing trends. Billionaire investor Chamath Palihapitiya is among those expressing his perspective on Bitcoin’s future value in a video posted by Altcoin Daily.
SHIB burn rate skyrockets 348% as price strives to break out
The Shiba Inu community’s persistent effort to eliminate meme tokens has resulted in a surge in SHIB price attempts. According to Shibburn data, approximately 21.5 million SHIB were transferred to dead-end wallets within the last day, increasing the burn rate by over 348%. An anonymous crypto whale was responsible for the largest token destruction with a single transaction that obliterated 21.3 million SHIB. The second largest transaction involved only 100,000 tokens being burned. Yesterday, Shiba Inu’s price saw a growth of 3.79%, climbing from $0.00002430 to the $0.00002511 mark. However, at present, SHIB has lost most of those gains and is currently trading at $0.00002423 on CoinMarketCap, representing a 2.40% decrease over the last 24 hours.
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2024-06-06 12:47