Ethereum

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-community-alert-vechains-twitter-account-compromised" rel="noopener noreferrer nofollow">Crypto Community Alert: VeChain’s Twitter Account Compromised</a> 
The crypto world is abuzz with the recent hacking of VeChain’s (VET) official Twitter account, which has been exploited to post a fraudulent airdrop. The hackers promised a 2x return for users sending VET to a specified wallet, a classic scam to deceive investors.
The incident caused immediate concern among the crypto community, with many rushing to the platform to warn others. The extent of the damage or loss of funds is currently unknown.
Following the hack, VeChain’s price experienced a brief drop of 2.52%, falling to $0.02910 before partially recovering to $0.02936. This fluctuation reflects the market’s reaction to the <a href="https://en.bitcoinhaber.net/introducing-derec-alliance-a-decentralized-recovery-system-for-crypto-assets" rel="noopener noreferrer nofollow">security</a> breach.
The frequency of hacking incidents in the crypto space is on the rise, with a recent hack on Bungee Exchange leading to a theft of $3.3 million, which was then converted to Ethereum by the hackers.
These events highlight the urgent need for enhanced security measures in the crypto industry, especially as a potential bull market approaches. The community awaits VeChain’s response and the assessment of losses incurred.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-community-alert-vechains-twitter-account-compromised" rel="noopener noreferrer nofollow">Crypto Community Alert: VeChain’s Twitter Account Compromised</a></h5>

Crypto Community Alert: VeChain’s Twitter Account Compromised

BH NEWS

Other articles published on Jan 18, 2024

SBI Holdings Announces Plan To Launch NFTs On XRP Ledger

Bitcoin Becomes 2nd Largest ETF Commodity in the US, Passes Silver

South Korea mulls over crypto tax abolition amid financial investment tax repeal

Bitcoin Analyst Explains What to Do as Many BTC Investors Dump Holdings

Navigating the Future of AI: Insights from Davos’ Top Minds

Daily Analysis: BTC, ETH, RNDR, SOL, SUI

Join our free newsletter for daily crypto updates!