+1

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BITCOIN ZERO YET?

Better SHORT IT, before it DROPs to ZERO

SUPERMoney

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May we All have a METAMORPHOSIS. REASON. GOoD JUDGEMENT and LOVE and ORDER!!!!!

Hackers this week stole roughly $100 million in cryptocurrency from the startup Harmony

In a blog post, the company wrote:

"On Thursday, June 23, 2022, the Harmony Protocol team was notified of a malicious attack on our proprietary Horizon Ethereum Bridge. At 5:30 AM PST, multiple transactions occurred that compromised the bridge with 11 transactions that extracted tokens stored in the bridge. The estimated value at the time of the attack was approximately $100 million USD."

Pentagon finds concerning vulnerabilities on blockchain
A report commissioned by the Pentagon concluded that the blockchain is not decentralized, is vulnerable to attacks and is running outdated software. The report (PDF FILE),

“Are Blockchains Decentralized, Unintended Centralities in Distributed Ledgers”, uncovered that a subset of participants can “exert excessive and centralized control over the entire blockchain system.”

Another cryptocurrency Ponzi scheme bites the dust owing big.

Cryptocurrency lender Celsius owes users $4.7 billion, bankruptcy filing reveals.

Be warned.

FBI Warns Fake Crypto Apps Are Stealing Millions.

Again, I ask HOW SAFE IS fake cash CRYPTO CURRENCY?
Hackers steal almost $200 million from crypto firm Nomad

On August 1, Nomad confirmed the theft in a tweet that said: “We are aware of the incident involving the Nomad token bridge. We are currently investigating and will provide updates when we have them.”

Egads... this happened to the Mt. Gox exchange in 2014, and yet even with "cold storage" offline vaulting to prevent this, still there are exchanges like this after all this time with all their coins in the open asking to get robbed.

For now, Nomad is relying on the good graces of white hat hackers to return some of the stolen currency.

I hope their customers rely on the good graces of their attorneys to sue this incompetent company into the ground to return some of the stolen currency.

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Don't underestimate Kim's hackers. Mining coin is financing DPRK.

Don't underestimate Kim's hackers. Mining coin is financing DPRK.

Yep, Message 2104161. ;-)

Should Google be held liable for allowing a BOGUS / UNAUTHORIZED app in their Playstore?

IMHO, Google does have some liability for NOT HAVING VERIFICATION it came from where it claims to be from...

Bloke robbed of $800,000 in cryptocurrency by fake wallet app wants payback from Google

"Less than 24 hours after downloading the fake 'Phantom Wallet' app from Google Play, Pearlman’s real Phantom wallet was drained of more than $800,000 worth of virtual currencies, including SAMO, USDC, ORCA, and SOL, as well as four additional NFTs," his attorneys recount in a lawsuit that seeks to recover the stolen funds from Google rather than from the bogus app's operator.

The complaint [PDF], filed in a Santa Clara County Superior Court, seeks to hold Google accountable for breaching its own warranty about its safety practices and its Terms of Service.

... Google, the complaint says, "breached its own warranty and Terms of Service by offering a fraudulent app, failing to warn Pearlman that the app may be unsafe, and failing to block Pearlman’s download of the app."

US cracks down on crypto service Tornado Cash over 'money laundering' links to North Korean hackers.

The United States has frozen the assets of cryptocurrency service Tornado Cash, accusing it of helping cyber criminals to launder money.

More than $7 billion worth of cryptocurrency, including from North Korean hackers, has been laundered through Tornado Cash since 2019, a senior Treasury Department official said.

Tornado Cash is a so-called mixer, which blends streams of digital currency to mask their origin and improve anonymity.

The move generally bars Americans from using the service.

Jerry Brito, from Washington DC-based cryptocurrency think tank CoinCenter tweeted that the move "appears to be sanctioning a tool that is neutral in character and can be put to good or bad uses like any other technology."

The US Treasury said the Lazarus Group, a North Korean government-backed group of hackers, has moved at least $455 million through Tornado Cash.

The group is already under US sanctions, having carried out a number of other data breaches, including a hack of Sony Pictures in 2014.

Tornado Cash was also used to launder about $100 million from a hack of virtual currency firm Harmony in June, the Treasury said.

Pyongyang denies the accusations, and North Korea's mission to the United Nations in New York has not commented....

Was she thinking it was a gift and they would not figure it out?
Crypto.com accidentally sent millions to Australian woman, who went on a spending spree. Now, Crypto is suing to get it all back

In May 2021, [named woman] of Melbourne sent Crypto.com, perhaps the largest cryptocurrency exchange in the world, a request for a $100 AUD refund. However, when Crypto attempted to honor her request, an agent mistakenly entered the account number in the payment section and inadvertently sent [her] $10.5 million instead, according to reports.

Will it be a winning or a loser?

How The Merge will slash Ethereum’s climate pollution.

Merge was completed two days ago so I guess we will find out...

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Pump'em and dump'em. Tulip bulbs.
https://www.sec.gov/news/press-release/2022-183

How soon will its 'value' be trading at or near zero and the sheeple that invested in the ponzi scheme called Cryptocurrencies realize that they have been had?

Cryptocurrencies Slump Again Amid Fallout from FTX Sale

Bitcoin slumped to a two-year low and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance.

Bitcoin traded around $17,645, and overnight fell to its lowest level since December 2020. Just a year ago, bitcoin hit an all-time high of $68,990. Ethereum, the second most actively traded digital currency, fell 10%.

FTX agreed to sell itself to Binance after experiencing the cryptocurrency equivalent of a bank run. Customers fled the exchange after becoming concerned about whether FTX had sufficient capital.

It gets worse.

Collapsed crypto exchange FTX reportedly used $10 billion in customer funds for risky bets.

New details have emerged about the implosion of crypto exchange FTX, which has ensnared some high-profile celebrities....

This sort of news reinforces my opinion that so many of these crypto-currencies are nothing more than either ponzi schemes and/or money laundering tools for criminals.

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Bob Smith
Member of Seti PIPPS (Pluto is a Planet Protest Society)
Somewhere in the (un)known Universe?