CandleFocus Crypto investor loses $32 million in common mistake - How to avoid it?
2024-09-28
Author: Content Editor
A user lost $32.33 million worth of funds in a phishing attack while using decentralized finance (DeFi) on Ethereum. The address belongs to Shixing Mao, an experienced crypto executive and co-founder of F2Pool and Cobo. A survey by WalletConnect reveals that 14.4% of cryptocurrency users have fallen victim to a phishing attack. Similar incidents have been reported on other blockchains as well. The article emphasizes the need for universal solutions to prevent such attacks and highlights the importance of double-checking websites and understanding what users are signing up for. It also discusses different token models used by popular blockchains and the importance of security in the crypto market.
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