This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
Share Dialog
Share Dialog
There’s a troubling new scam-scheme (I’m trademarking this) that’s apparently only targeting Web3 users. According to blockchain security company CertiK, a new type of scam called “ice phishing”, which was first identified by Microsoft, where Web3 users are tricked into signing permissions via wallet transactions that allow the scammer to spend their tokens and other dubious activities.
https://twitter.com/CertiKAlert/status/1605297043085447186
Recently, 14 BAYC’s were stolen using an elaborate and targeted ice phishing scam, where the user was convinced to sign a transaction request disguised as a film contract. From there, the scammer was able to sell all of the BAYC’s for a negligible amount to themselves.
I believe this has been a scam that’s been occurring for ages now, where fake contracts are signed through wallet transactions, giving the scammer certain access to the victim’s wallet, but I guess now we have a proper name for it. AS ALWAYS, BE CAREFUL WHEN SIGNING ANYTHING. I highly suggest using services like Fire, which activates when a wallet transaction is initiated, it simulates the transaction, and gives you the results on what you might be signing. This can save headaches of losing all of your hard-earned tokens and NFTs!
Written by: nikethereum.eth / Medium / Mirror
There’s a troubling new scam-scheme (I’m trademarking this) that’s apparently only targeting Web3 users. According to blockchain security company CertiK, a new type of scam called “ice phishing”, which was first identified by Microsoft, where Web3 users are tricked into signing permissions via wallet transactions that allow the scammer to spend their tokens and other dubious activities.
https://twitter.com/CertiKAlert/status/1605297043085447186
Recently, 14 BAYC’s were stolen using an elaborate and targeted ice phishing scam, where the user was convinced to sign a transaction request disguised as a film contract. From there, the scammer was able to sell all of the BAYC’s for a negligible amount to themselves.
I believe this has been a scam that’s been occurring for ages now, where fake contracts are signed through wallet transactions, giving the scammer certain access to the victim’s wallet, but I guess now we have a proper name for it. AS ALWAYS, BE CAREFUL WHEN SIGNING ANYTHING. I highly suggest using services like Fire, which activates when a wallet transaction is initiated, it simulates the transaction, and gives you the results on what you might be signing. This can save headaches of losing all of your hard-earned tokens and NFTs!
Written by: nikethereum.eth / Medium / Mirror
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