In the past week, the crypto world has been rocked by a series of high-profile incidents, resulting in a staggering $12.6 million in losses! Stars Arena, a FriendTech-inspired social platform, was hit by a devastating security breach, losing $3 million in AVAX tokens. However, they managed to recover 90% of the stolen funds, marking an intriguing turn of events. On the Avalanche network, Platypus Finance fell victim to three attacks, losing $2.2 million, with flash loans wreaking havoc once again. And if that wasn't enough, the FinSoul token team orchestrated a $1.3 million exit scam, leaving investors in shock. Stay tuned as we dive deeper into these crypto rollercoaster events and explore the dark underbelly of the blockchain world in next week's investigation. Don't miss out on this wild ride!
Beware of the insidious "Pig Butchering" scams, a dangerous plot targeting vulnerable individuals, primarily women with substantial savings, promising immense wealth only to disappear with their hard-earned money. It's crucial to exercise extreme caution, verify investment claims rigorously, and never download suspicious software or apps without thorough checks. Stay vigilant for your digital safety. Recently, law enforcement has made strides against these fraudsters, but their intricate money laundering techniques on the blockchain make unraveling their deceitful layers a challenging task. At CertiK, we are dedicated to your safety. Join us in the fight against online fraud, stay informed, stay alert, and report suspicious activities on our platform at certik.com/resources. Let's protect our digital world together.
CertiK CEO/Co-Founder Ronghui Gu was interviewed on CoinDesk TV to discuss the #CurveFinance exploit 📉 and our July report! Watch to see what happened and how we move forward as an industry, as well as why July 2023 was the worst month this year for losses