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Investigating the Latest 24-Hour Crypto Hacking News: Scams, Exploits, and Stolen Funds

In the fast-paced world of cryptocurrencies, hackers and scammers are constantly looking for ways to exploit vulnerabilities and deceive unsuspecting users. In the last 24 hours, several notable incidents have occurred, ranging from phishing scams to token exploits and large sums of stolen funds. Join us as we investigate the latest crypto hacking news.

1. Discord Phishing Scam on Stargate Snapshot Platform:
A Discord moderator on the LayerZero platform recently reported a disturbing incident involving a phishing scam within a proposal vote on the Stargate Snapshot platform. The scammer introduced a phishing link, enticing users to stake their STG tokens. Shockingly, over 1,000 users fell victim to the scam, resulting in a collective loss of approximately $43,000.

2. Exploiter-labeled Address Bridging ETH from Arbitrum to Ethereum:
Address labeled as “Exploiter” by PeckShieldAlert has been found to bridge 3,000 ETH from the Arbitrum network to Ethereum. This suspicious movement of funds raises concerns about the potential for large-scale exploits. Additionally, 1,000 ETH has been transferred from this address to Tornadocash, a privacy-focused Ethereum mixer. The motive behind these transfers remains unknown, further fueling speculations about the intentions of the exploit.

3. FCN-TRUST Token Exploit on Binance Smart Chain:
The BSC (Binance Smart Chain) witnessed a significant exploit, resulting in a staggering 99% drop in the value of FCN-TRUST (FCN) token. The address involved in the incident, identified as 0x0fEA057dB0e6b45fa1A0065Cd512150987F2AF08, made off with approximately $500,000 worth of deposited funds intended for TornadoCash. This incident has raised questions about the security measures on the BSC and the need for better safeguards to protect users’ investments.

The recent surge in crypto hacking incidents highlights the importance of staying vigilant and informed in the ever-evolving landscape of digital currencies. With scammers and hackers becoming increasingly sophisticated, users must exercise caution and follow best security practices. Additionally, platforms and networks must prioritize the development and implementation of robust security measures to safeguard users’ funds and maintain trust in the crypto ecosystem. As the crypto industry continues to grow, it is crucial to remain vigilant and work collectively to combat these threats and ensure a safe and secure environment for all participants.

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