Crypto hacks and scams down
Hacking or scam is not at all a good experience in the market. No matter what is the amount involved in any hike or scam but it's something that people get affected. I mean losing money in this market through the trading or investing is completely different thing however losing the money because of some high or scam is bad.
Usually we get to hear a lot of hacking and scam events in market when it is in bullish sentiments and same goes down when the market is bearish. We can also say that even hackers are looking far more opportunity in the bulletin market so it's imperative for us to follow the safety protocols and safeguard our funds.
According to PeckShield’s recent report, 2023 saw over 600 major hacks in the crypto space that culminated in a loss of approximately $2.61 billion.
I was reading a news article today and got to know about this update. It's really good to see that the number of Hayakini scams are down with quite a good percentage and to be honest I hope that there are no hack and scam in this market. What if everyone is trying to make this place a great one by following the fair practises and not cheating anybody then it is going to be a fantastic place indeed.
But I know that this is not possible because once the market turns around then we are going to see the spike on such events which are going to be painful for new investors mostly because they are not well aware of such things. Although it is always recommended to avoid clicking on the links that you don't trust and also avoid interacting on any protocol which you are not sure of using your wallet and of course do not send funds to anyone you don't recognise. So these are some of the ways that we can follow to add another layer of safety and security to our funds and avoid any unpleasant event.
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losing money in trade is not hurt more but losing money in scams hurts the most because we feel that we lost money without trying the opportunities. nice post.
Incidents of these hacking or scams are common in such markets and a cause of capital loss for many. Such incidents are very sad. Thanks for sharing a beautiful topic.
Your article is very good. Nicely explained about Crypto hacks and scams. I hope you write articles like this in the future.Thank you.
Interesting article, this is of interest to all of us, not only in the crypto world, fraud or hacking happens everywhere and often occurs in world banks as well as state banks and regional banks, in my opinion this is a warning for all of us wherever and whenever Anyway, thank you for sharing something that is very important for all of us.
Thank you very much for highlighting this news and rally happy to see that the crypto hacks have gone down. It is really a good news for all the crypto traders like me.
It is really a sad thing if any crypto hack. It also effect on market. When ftx scam the hole crypto market was down. Thanks for sharing.
What you said is right