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DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Chris Larsen, the co-founder of Ripple, found himself on the losing end of one of the largest cryptocurrency thefts of 2024.
Over 213 million XRP tokens, valued at a staggering $112.5 million, vanished from Larsen’s personal XRP accounts in a sophisticated hacking operation.
Chris is worth nearly $3B.
This not a typical error or mistake a crypto-savvy Billy should be making.
We should be asking some serious questions about the security of digital assets, even for those at the very pinnacle of the crypto world.
Imagine, the very person who helped pioneer Ripple, a leading name in the digital currency space, falling victim to hackers in the crypto world.
It’s like a shark being attacked in its own waters.
Larsen, quick to respond, took to X to announce the breach and the involvement of law enforcement.
But the damage was done.
“According to ZachXBT, the exploiters netted 213 million XRP worth about $112.5 million before attempting to launder the XRP through at least six different exchanges, including MEXC, Gate.io, Binance, Kraken, OKX, HTX and HitBTC.”
The hackers, displaying a level of cunning befitting a heist movie, immediately set about laundering the stolen tokens through various exchanges including MEXC, Gate.io, and Binance.
They were tactical, premeditated and practiced.
Their swift action speaks volumes about the high stakes and quick thinking that drive the underworld of cryptocurrency theft.
This is a painful warning of the volatile nature of the crypto market.
No one is safe.
“While Binance has frozen some of the stolen funds, other crypto exchanges, including OKX and Kraken, have yet to reveal if they have identified or frozen any funds associated with the hack.”
So if the hackers are using exchanges to wash the funds out, the victims might have a chance to stop them.
This is Chris Larsen, the billionaire cofounder of Ripple.
Of course people pay attention when he tweets.
If it were an ordinary joe, do you think the exchanges would have reacted that quickly?
Do you think if anyone would have bothered?
Obviously, people thought Ripple got hacked and XRP’s value taking a noticeable dip.
They mistook Ripple and Larsen’s wallet to be the same.
As digital currencies continue to gain mainstream acceptance, the safety of these assets remains a question mark.
Can we truly trust crypto to use it safely?
If I can’t trust my mother to use the tech safely, how will it ever go mainstream?
But cybercriminals are getting more sophisticated and hungry.
With more people entering the crypto space, there will be more opportunities.
We cannot just keep repeating the mantra “do you own research” or “stay vigilant”.
There is just too much and too many for newbies to overcome and learn.
There has to be a better way.
-
Do you like XRP (Ripple)?
-
#RippleHack #CryptoSecurity #ChrisLarsen #XRPTheft #DigitalCurrency #CyberHeist #Cryptocurrency #BlockchainSecurity #CryptoVulnerability #TechIrony
Chris Larsen, the co-founder of Ripple, found himself on the losing end of one of the largest cryptocurrency thefts of 2024.
Over 213 million XRP tokens, valued at a staggering $112.5 million, vanished from Larsen’s personal XRP accounts in a sophisticated hacking operation.
Chris is worth nearly $3B.
This not a typical error or mistake a crypto-savvy Billy should be making.
We should be asking some serious questions about the security of digital assets, even for those at the very pinnacle of the crypto world.
Imagine, the very person who helped pioneer Ripple, a leading name in the digital currency space, falling victim to hackers in the crypto world.
It’s like a shark being attacked in its own waters.
Larsen, quick to respond, took to X to announce the breach and the involvement of law enforcement.
But the damage was done.
“According to ZachXBT, the exploiters netted 213 million XRP worth about $112.5 million before attempting to launder the XRP through at least six different exchanges, including MEXC, Gate.io, Binance, Kraken, OKX, HTX and HitBTC.”
The hackers, displaying a level of cunning befitting a heist movie, immediately set about laundering the stolen tokens through various exchanges including MEXC, Gate.io, and Binance.
They were tactical, premeditated and practiced.
Their swift action speaks volumes about the high stakes and quick thinking that drive the underworld of cryptocurrency theft.
This is a painful warning of the volatile nature of the crypto market.
No one is safe.
“While Binance has frozen some of the stolen funds, other crypto exchanges, including OKX and Kraken, have yet to reveal if they have identified or frozen any funds associated with the hack.”
So if the hackers are using exchanges to wash the funds out, the victims might have a chance to stop them.
This is Chris Larsen, the billionaire cofounder of Ripple.
Of course people pay attention when he tweets.
If it were an ordinary joe, do you think the exchanges would have reacted that quickly?
Do you think if anyone would have bothered?
Obviously, people thought Ripple got hacked and XRP’s value taking a noticeable dip.
They mistook Ripple and Larsen’s wallet to be the same.
As digital currencies continue to gain mainstream acceptance, the safety of these assets remains a question mark.
Can we truly trust crypto to use it safely?
If I can’t trust my mother to use the tech safely, how will it ever go mainstream?
But cybercriminals are getting more sophisticated and hungry.
With more people entering the crypto space, there will be more opportunities.
We cannot just keep repeating the mantra “do you own research” or “stay vigilant”.
There is just too much and too many for newbies to overcome and learn.
There has to be a better way.
-
Do you like XRP (Ripple)?
-
#RippleHack #CryptoSecurity #ChrisLarsen #XRPTheft #DigitalCurrency #CyberHeist #Cryptocurrency #BlockchainSecurity #CryptoVulnerability #TechIrony
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