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At least 15 blockchain wallets suspected of insider trading have turned a $14,600 investment into over $20 million during the launch of the Focai memecoin on Solana, raising concerns about market transparency. One wallet alone made $3.47 million in just three hours, while over 99% of traders on the platform have reported losses. The situation underscores potential risks to decentralization in the cryptocurrency space.
Phishing scams have emerged as the top crypto security threat of 2024, costing the industry over $1 billion across 296 incidents. Private key compromises followed closely, resulting in losses exceeding $855 million. Despite the rise in phishing attacks, overall crypto hacks decreased by 52% from 2022.
A cryptocurrency whale realized over $11.5 million in unrealized profit after investing $10 million in the Virtuals Protocol (VIRTUAL) token, which surged to an all-time high of $5.07 within 19 days. The platform allows users to create and co-own AI agents, which are increasingly executing autonomous transactions on the blockchain. Despite a recent decline in the market, industry experts predict significant growth for AI-driven cryptocurrencies in 2025.
The team behind the Ethereum farming game Pixels has launched a new spinoff, Pixel Dungeons, a fast-paced dungeon crawler where players can earn PIXEL tokens. Developed with Crack and Stack, the game features competitive gameplay, allowing players to mine tokens, battle goblins, and sabotage rivals within a two-minute timeframe. Additionally, Pixels is set to kick off its Guild Wars competition, offering $4 million in PIXEL rewards, running from December 10, 2024, to March 4, 2025.
Luke Barwikowski
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
insider wallets profit 20 million from solana memecoin launch raising concerns
12:09 04.01.2025
phishing scams emerge as top crypto security threat in 2024
13:01 03.01.2025
crypto whale profits 11.5 million from ai token investment in 19 days
11:06 02.01.2025
pixels launches pixel dungeons a new play to earn dungeon crawler
23:47 16.12.2024
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