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Investigating 24-Hour Hacking News in the Crypto World

In the ever-evolving world of cryptocurrencies, cyberattacks and phishing schemes have become a persistent threat to traders and investors. As part of our ongoing investigation into the latest developments, we delve into 24-hour hacking news from PeckShieldAlert, uncovering significant losses, compromised third-party services, suspicious withdrawals, and rugpull schemes. Let’s explore each incident in detail.

Address 0x3EfF…8184: Phishing Scheme Targets Coq Inu ($COQ) on Avalanche (AVAX)
PeckShieldAlert reports a phishing incident involving the address 0x3EfF…8184, resulting in a loss of $55,000 worth of Coq Inu ($COQ) tokens on the Avalanche (AVAX) network. Phishing attacks continue to exploit unsuspecting victims, highlighting the importance of heightened security measures within the crypto space.

@ThunderTerminal: Compromised Third-Party Service Leads to Loss of ~$192,000
@ThunderTerminal, a crypto service provider, fell victim to a compromise of their third-party service, leading to a loss of approximately $192,000. The attacker managed to transfer the stolen 86.3 Ethereum (ETH) to a digital wallet associated with #Railgun. Such incidents emphasize the need for robust security measures, even when using external service providers.

Validator Rewarded with 566.37 ETH, Victim of MEV Backrun on Uniswap
In block #18871827, a validator received a reward of 566.37 ETH (approximately $1.25 million). However, a malicious MEV (Miner Extractable Value) bot sent a bribe of 571 ETH (around $1.3 million) to backrun a liquidity-adding transaction on the UNI-WETH V3 pair on Uniswap. The victim user, identified as @aavebank.eth, appears to have been targeted in this incident. MEV attacks demonstrate the complex dynamics and vulnerabilities inherent in decentralized finance.

Address 0x45aF…a448: Pike Finance ($PIKE) Plunges 100% due to Rugpull
PeckShieldAlert highlights a significant rugpull incident involving Pike Finance ($PIKE). The address 0x45aF…a448 swapped a staggering 2,200,000,000,000,00 PIKE tokens for 23.5 Ethereum (ETH) valued at approximately $52.6K. It is crucial for investors to exercise caution and verify the legitimacy of projects before investing, as rugpulls can cause substantial financial losses.

Address 0x9FCc…19Fe: Suspicious Withdrawal of 6,166 ETH from Binance
A suspicious withdrawal of 6,166 Ethereum (ETH) worth approximately $13.8 million has been reported from the address 0x9FCc…19Fe, allegedly linked to Justin Sun. The withdrawal has occurred from the popular cryptocurrency exchange, Binance. Further investigation is required to verify the nature of this withdrawal and its relationship to Justin Sun.

The 24-hour hacking news in the crypto world, as reported by PeckShieldAlert, underscores the ongoing threats and vulnerabilities within the ecosystem. Phishing schemes, compromised services, MEV attacks, rugpulls, and suspicious withdrawals remind us of the importance of practicing enhanced security measures, due diligence, and caution while trading and investing in cryptocurrencies. As malicious actors continue to exploit vulnerabilities, users must remain vigilant and stay informed about the ever-evolving landscape of cyber threats in the crypto industry.

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