Category: Security
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January Sees Significant Losses In Exploits: $41 Million Reported
The cryptocurrency world faced a tumultuous January, marked by significant losses totaling $41 million due to various exploits and security breaches. While this figure represents a staggering 67% decline from December 2023, it marks a stark increase of 180% compared to January 2023. One of the most notable incidents occurred when 600 million GMEE tokens, valued at $16.3 million, were stolen during the GAMEE token breach on the Polygon network. Additionally, a phishing scheme targeted users of Ethereum and Binance Smart Chain, resulting in losses amounting to $12.9 million. $41M LOST IN EXPLOITS IN JANUARY This marks a 180% increase
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Telcoin Faces Significant Setback Following Security Breach
Telcoin ($TEL) has encountered a considerable setback, witnessing a substantial drop of over 41% within a few hours due to a significant security breach on the Telcoin cryptocurrency platform. This breach led to the apparent theft of millions of TEL tokens, amounting to around $1.3 million in cryptocurrency losses, as reported by peckshieldalert. #PeckShieldAlert Telcoin $TEL has dropped -41%Telcoin has suffered an exploit, resulting in a loss of ~$1.3M worth of cryptos https://t.co/FS756GaeWo pic.twitter.com/LDPZVu05Fv — PeckShieldAlert (@PeckShieldAlert) December 26, 2023 In response to the security compromise, the Telcoin team swiftly addressed the situation involving the Telcoin App. Taking immediate action,
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