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Crypto Scammers Impersonate Hashpad Team, Flashloan Attacks Decrease by 94%

The world of crypto continues to be a playground for scammers and hackers, with new threats emerging almost daily. In today’s investigative report, we uncover the latest developments in the crypto landscape, including scammers impersonating the Hashpad team and a decrease in flashloan attacks. Stay informed to protect yourself from potential threats in this volatile market.

Hashpad Impersonation Scam:
In a recent #CertiKSkynetAlert, it has come to light that scammers are posing as members of the Hashpad team in multiple Telegram groups. Hashpad, a notable project in the crypto industry, has confirmed that they are not conducting any airdrop at the moment and do not have an official Telegram channel. These fraudulent individuals are attempting to deceive unsuspecting users and exploit their trust for personal gain. It is crucial to exercise caution and only engage with trusted sources when participating in crypto-related activities.

Decline in Flashloan Attacks:
Data from #CertiKStatsAlert reveals a significant decrease in flashloan attacks during September 2023 compared to the previous month, August. While August witnessed losses totaling approximately $6.4 million, losses for September’ s attacks amount to around $400,000. This represents a drop of approximately 94% in flashloan attack losses, indicating some progress in strengthening the security measures within the crypto ecosystem.

The notable stand-out in the September data is the APIG attack, responsible for losses of approximately $169,000. The APIG protocol has been a target for hackers in the past, and this recent incident underscores the importance of thorough security audits and continuous vigilance in the crypto industry. Developers and investors should remain cautious when engaging with projects like APIG and ensure they prioritize due diligence to mitigate potential risks.

Beware of Fake ArchimedesFi Airdrop:
A fake ArchimedesFi airdrop has recently been making rounds on social media, posing yet another threat to unsuspecting users. A warning issued by #CertiKStatsAlert advises users to refrain from interacting with the website hxxps://claimarch.com/. Investigation reveals that this site is designed to connect to a wallet drainer, potentially resulting in the loss of users’ funds. It reinforces the importance of exercising extreme caution when participating in airdrops or engaging in any online activity related to cryptocurrencies.

The crypto landscape continues to attract scammers and hackers, creating a challenging environment for investors and enthusiasts. It is imperative to remain vigilant and stay informed to protect oneself from potential threats. Beware of scammers impersonating reputable projects like Hashpad, be cautious when participating in flashloan activities, and exercise extreme caution when engaging in airdrops. Stay tuned for more updates and be proactive in safeguarding your crypto assets.

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