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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...
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CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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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One of the NFT OG, a true-blue crypto Whale, a father figure of NFTs and quite a colorful character on crypto Twitter, Kevin Rose, just got phished for millions.
Or around 684 ETH ($1.09M) worth of NFTs.
Not a joke.
He lost a huge bunch of his NFTs when he accidentally signed a malicious signature “that allowed the exploiter to transfer over a large number of tokens”.
It was a relatively simple but brutal phishing attempt, that worked.
Seriously, who reads every line and decode everything on a transaction hash and signature before signing it?
Apparently, not even Kevin Rose does.
He is human after all, like all of us.
It shocked everyone.
That a seasoned pro like Kevin can be a victim to such bold and brazen attacks.
He is the holy creator of Moonbirds, a very successful NFT collection that took the NFT world by storm.
Quoting from Coingecko:
Moonbirds (MOONBIRD) is an NFT collection.
Moonbirds (MOONBIRD) price floor today is $11,535.92, with a 24 hour sales volume of 56.95 ETH.
As of today, there is a total of 10000 NFTs minted, held by 6570 unique owners.
It has a total market cap of $115,359,218.18.
Translation: the total amount Moonbirds worth in the entire market is clocked at $115M.
That is sick.
Considering it is less than a year old, the market is now in bear mode and these are literally digital jpegs floating in cyberspace.
When Moonbirds launched in Apr last year, it was hyper than a BTS or Blackpink concert.
With all the people buying and selling Moonbirds, it generated $280M worth of sales in just 2 days.
Well, so what did the attackers stole?
“The scammer made off with 40 NFTs, including one Autoglyph; 25 Chromie Squiggles; one QQL Mint Pass; one Admit One pass from gmoney; one Cool Cat NFT; one The Currency NFT by Damian Hirst; one Quantum Key; and several OnChainMonkeys.”
Some of those NFTs are worth thousands and some of those are potentially worth millions due to their rarity and history.
Ouch.
I don’t care what wealth bracket you reside in or how many Bitcoins you own.
If this happens to you.
It stings.
It burns.
It will leave you sleepless for nights and keep the bogeyman away!
Perhaps he should have moved them to a selling wallet upon selling them, to prevent all this.
Or never put all his NFTs into a hot wallet in the first place.
If a crypto god like Kevin can get exploited.
What hope do we mere mortals have?
Can we please have a more secure way to keep our wallets safe and warm in bed when we sleep at night?
Now I understand why the older folks loved keeping their cold, hard cash under their mattresses and beds.
It is a false sense of security, sure.
It suffers from the unholy magic of inflation, sure.
It may get chewed and eaten by rats and bugs, sure.
But at least I am guaranteed that no stranger, thief or hacker would reach and steal them cash from me!
We really, really need a safer, smarter, better way to store our crypto and NFTs if we want web3 to proliferate and grow further.
-
Do you have a crypto wallet?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #moonbirds #partnerships #bearmarket #NFT #chromie #phished #millions #scam #stolen #hack
One of the NFT OG, a true-blue crypto Whale, a father figure of NFTs and quite a colorful character on crypto Twitter, Kevin Rose, just got phished for millions.
Or around 684 ETH ($1.09M) worth of NFTs.
Not a joke.
He lost a huge bunch of his NFTs when he accidentally signed a malicious signature “that allowed the exploiter to transfer over a large number of tokens”.
It was a relatively simple but brutal phishing attempt, that worked.
Seriously, who reads every line and decode everything on a transaction hash and signature before signing it?
Apparently, not even Kevin Rose does.
He is human after all, like all of us.
It shocked everyone.
That a seasoned pro like Kevin can be a victim to such bold and brazen attacks.
He is the holy creator of Moonbirds, a very successful NFT collection that took the NFT world by storm.
Quoting from Coingecko:
Moonbirds (MOONBIRD) is an NFT collection.
Moonbirds (MOONBIRD) price floor today is $11,535.92, with a 24 hour sales volume of 56.95 ETH.
As of today, there is a total of 10000 NFTs minted, held by 6570 unique owners.
It has a total market cap of $115,359,218.18.
Translation: the total amount Moonbirds worth in the entire market is clocked at $115M.
That is sick.
Considering it is less than a year old, the market is now in bear mode and these are literally digital jpegs floating in cyberspace.
When Moonbirds launched in Apr last year, it was hyper than a BTS or Blackpink concert.
With all the people buying and selling Moonbirds, it generated $280M worth of sales in just 2 days.
Well, so what did the attackers stole?
“The scammer made off with 40 NFTs, including one Autoglyph; 25 Chromie Squiggles; one QQL Mint Pass; one Admit One pass from gmoney; one Cool Cat NFT; one The Currency NFT by Damian Hirst; one Quantum Key; and several OnChainMonkeys.”
Some of those NFTs are worth thousands and some of those are potentially worth millions due to their rarity and history.
Ouch.
I don’t care what wealth bracket you reside in or how many Bitcoins you own.
If this happens to you.
It stings.
It burns.
It will leave you sleepless for nights and keep the bogeyman away!
Perhaps he should have moved them to a selling wallet upon selling them, to prevent all this.
Or never put all his NFTs into a hot wallet in the first place.
If a crypto god like Kevin can get exploited.
What hope do we mere mortals have?
Can we please have a more secure way to keep our wallets safe and warm in bed when we sleep at night?
Now I understand why the older folks loved keeping their cold, hard cash under their mattresses and beds.
It is a false sense of security, sure.
It suffers from the unholy magic of inflation, sure.
It may get chewed and eaten by rats and bugs, sure.
But at least I am guaranteed that no stranger, thief or hacker would reach and steal them cash from me!
We really, really need a safer, smarter, better way to store our crypto and NFTs if we want web3 to proliferate and grow further.
-
Do you have a crypto wallet?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #moonbirds #partnerships #bearmarket #NFT #chromie #phished #millions #scam #stolen #hack
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