Best crypto memes of the day – May 22nd

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• KuCoin thrives amidst volatile crypto market, surpassing 29 million users

  TL;DR Breakdown KuCoin experiences impressive 26% year-over-year user base growth, serving over 29 million registered users. Latin America drives significant expansion for KuCoin, with growth also seen in Europe, the Middle East, Africa, and Asia. KuCoin’s trading volume surpasses $1 trillion, reflecting strong demand and widespread interest in cryptocurrencies. Description KuCoin, a prominent cryptocurrency exchange, continues to thrive despite challenging market conditions, demonstrating an exceptional first-half performance in 2023. Despite the cryptocurrency market’s volatility, KuCoin has achieved significant growth, boasting a 26% year-over-year increase in its user base. The exchange now proudly serves over 29 million registered users, with the Latin American (LATAM) region driving … Read more KuCoin, a prominent cryptocurrency exchange, continues to thrive despite challenging market conditions, demonstrating an exceptional first-half performance in 2023. Despite the cryptocurrency market’s volatility, KuCoin has achieved significant growth, boasting a 26% year-over-year increase in its user base. The exchange now proudly serves over 29 million registered users, with the Latin American (LATAM) region driving most of this expansion. Europe, the Middle East, Africa, and Asia have also experienced substantial growth compared…

  Article 2023年7月14日

• Sleepdropping scam costs Ethereum users $11.5 million

  TL;DR Breakdown Cybersecurity firms Forta Network and Blockfence reveal a sleepdropping scam costing Ethereum users $11.5 million since December 2022. Fraudulent ERC-1155 tokens, disguised as legitimate NFTs, serve as the primary tool for the scam, impacting over 500,000 addresses. Scammers employ a fake Lido NFT token as bait, leading victims into secondary interactions where the actual financial harm occurs. Description Cybersecurity firms Forta Network and Blockfence have disclosed how a sophisticated scam, coined “sleepdropping,” has cost Ethereum users $11.5 million since its first detection in December 2022. The insidious operation centers on ERC-1155 tokens, often disguised as legitimate NFTs. Alarmingly, these fraudulent airdrops have reached over 500,000 addresses. The tactics deployed by the scammers expose … Read more Cybersecurity firms Forta Network and Blockfence have disclosed how a sophisticated scam, coined “sleepdropping,” has cost Ethereum users $11.5 million since its first detection in December 2022. The insidious operation centers on ERC-1155 tokens, often disguised as legitimate NFTs. Alarmingly, these fraudulent airdrops have reached over 500,000 addresses. The tactics deployed by the scammers expose the Achilles’ heel of smart contracts, even…

  Article 2023年9月16日

• Dasset exchange clients struggle as accounts freeze amid financial distress

  TL;DR Breakdown Auckland’s Dasset exchange faces financial turmoil, leaving clients unable to access funds due to frozen accounts and liquidation delays. Clients are surprised as Dasset freezes accounts, impacting those with substantial cryptocurrency holdings. The exchange temporarily halts withdrawals but continues Bitcoin (BTC) trading. Description Auckland-based exchange Dasset is mired in financial distress, leaving its clients grappling with frozen accounts and uncertain futures. The Herald reports today that the exchange’s precarious situation has left users with substantial holdings in limbo. The sudden freeze on their accounts has blindsided clients of Dasset as the cryptocurrency exchange prepares for liquidation. According to … Read more Auckland-based exchange Dasset is mired in financial distress, leaving its clients grappling with frozen accounts and uncertain futures. The Herald reports today that the exchange’s precarious situation has left users with substantial holdings in limbo. The sudden freeze on their accounts has blindsided clients of Dasset as the cryptocurrency exchange prepares for liquidation. According to the report, users lament losing access to tens of thousands of dollars worth of cryptocurrency. The situation highlights the vulnerabilities and challenges…

  Article 2023年8月15日

• Crypto winter nears an end as regulatory haze clears

  TL;DR Breakdown The overall digital asset market surged, showing the end of the worst crypto winter in the history of the DeFi market. BTC traded close to $32,000, while the global crypto market cap now sits at  $1.3 trillion amid the XRP win against the SEC. The collapse of FTX nailed the last nail and ushered in the crypto winter. Up to date, FTX and SBF continue to make headlines. Description After a prolonged period of uncertainty, bankruptcies, and regulatory ambiguity, the crypto winter seems to be nearing its end. Recent developments in the regulatory landscape have brought a near close to the worst crypto winter in the DeFi market history. On Friday, cryptocurrencies were testing year highs as a number of positive regulatory and investor … Read more After a prolonged period of uncertainty, bankruptcies, and regulatory ambiguity, the crypto winter seems to be nearing its end. Recent developments in the regulatory landscape have brought a near close to the worst crypto winter in the DeFi market history. On Friday, cryptocurrencies were testing year highs as a number of…

  Article 2023年7月14日

• Twitter becomes ground zero for FTM scams

  TL;DR Breakdown Twitter has become the center of scams involving Fantom (FTM) tokens after the Multichain hack. Scammers falsely claimed Fantom Foundation was distributing tokens to users. Multichain advised users to halt activities after detecting suspicious outflows amounting to $125 million. The rise of scams on Twitter is a concern in the cryptocurrency industry. Description Online environments, like Twitter, are increasingly becoming a dangerous landscape, fraught with fraudulent schemes aimed at unsuspecting victims. In recent times, Twitter has transformed into the epicenter of deceitful activities, with cybercriminals employing new tactics to exploit its massive user base. One such disconcerting trend is the rampant spread of a scam involving the fraudulent … Read more Online environments, like Twitter, are increasingly becoming a dangerous landscape, fraught with fraudulent schemes aimed at unsuspecting victims. In recent times, Twitter has transformed into the epicenter of deceitful activities, with cybercriminals employing new tactics to exploit its massive user base. One such disconcerting trend is the rampant spread of a scam involving the fraudulent distribution of Fantom (FTM) tokens, a situation that throws a harsh light…

  Article 2023年7月10日