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The Twitter account of top non-fungible token (NFT) project, Azuki, was compromised on Friday, resulting in the loss of over $750,000 worth of crypto assets. Following a takeover of the project’s account yesterday afternoon, hackers posted a wallet drainer link disguised as an invitation for users to participate in a virtual land mint in The Garden, Azuki’s native metaverse platform.
Wallet drainers function as phishing mechanisms designed to trick unsuspecting victims into approving transactions that transfer crypto assets, such as cryptocurrency or non-fungible tokens, from their wallet to that of the hackers. 
According to data by Etherscan, these bad actors drained $751,321, or 81 worth of USDC from one wallet within 30 minutes after the malicious link was tweeted representing the biggest haul of the heist. The attackers also made away with over 3.9 ETH, 11 NFTs, and $6,742.62 in USDC from other crypto wallets. 
Emily Rose, Azuki’s community manager, was the first native authority to confirm the project’s Twitter profile had been hacked. Via a tweet, Emily issued a warning advising users not to click on any link posted by the account.

Azuki Involved Yet In Another Social Media Attack
In the hours following the cyber attack, Azuki has been able to reclaim control of its Twitter account, pulling down the malicious tweets. The management team of the anime-based NFT project also released a statement saying an investigation was already underway while advising its followers to check that any future announcements were posted simultaneously on Azuki’s several media channels to ascertain their validity. 
Interestingly, this will not be the first time the Azuki NFT project was the main character in a social media crypto scandal. Early last year, hackers hijacked several verified Twitter accounts, using them to promote the airdrop of fake Azuki NFTs. Most notable among these accounts was that of the India University Grant Commission, which was promptly retrieved following the breach.

Crypto Market Records Another Cyber Attack For 2023
The news of Azuki’s cyber attack comes two days after the Twitter profile of prominent trading platform Robinhood was also compromised and used to push the sale of a fake crypto token – RBH.
Although the team at Robinhood immediately recovered the account within minutes and deleted the false promotional tweet, the hackers could still steal over $8,000 from naive investors who had fallen for the scam. 
While the losses incurred in the Robinhood attack pale in comparison to that of Azuki, both incidents represent the only major cyber attacks on the crypto market in 2023. 
So far, the crypto market is still maintaining its bullish trend for the year, with numerous assets showing a positive price pattern over the last seven days. According to the data from Tradingview.com, the entire market is trading with a market cap of $1.002 trillion, representing about a 25.78% gain since the start of 2023. 

Crypto Market Cap at $1.002T | Source: TOTAL chart on Tradingview.com



The Twitter account of top non-fungible token (NFT) project, Azuki, was compromised on Friday, resulting in the loss of over $750,000 worth of crypto assets. Following a takeover of the project’s account yesterday afternoon, hackers posted a wallet drainer link disguised as an invitation for user...

bitcoinist.com

Hackers Take Over NFT Project Azuki’s Twitter Profile, Steal Over $750K Worth Of Asset

The majority of the funds stolen were from a single wallet which had $751,321.80 USDC drained from the malicious link.

cointelegraph.com

Hackers takeover Azuki’s Twitter account, steal over $750K in less than 30 minutes  

Dogecoin (DOGE) and other altcoins are stealing some of Bitcoin’s shine as the benchmark crypto stalls at its current levels. However, the recent rally could spell trouble for optimistic traders and investors waiting for a continuation of the trend. 

As of this writing, Dogecoin (DOGE) trades at $0.08 with sideways movement in the last 24 hours. Over the previous seven days, the meme coin still records an 8% profit. In the crypto top 10, DOGE stands amongst the best performers, surpassed only by Cardano (ADA) and Polygon (MATIC).

Dogecoin’s Rally Stirs The Crowds, Is A Retrace Imminent? 
Data from Coingecko indicates positive development for meme coins. The sector records around $20 billion in total market cap, a 2% increase in 24 hours, and $1 billion in trading volume over the same period.
In addition to Dogecoin, Shiba Inu (SHIB), Baby Dogecoin, and Bonk have captured the attention of crypto investors. The second of these assets experience a 23% rally in the past week alone, hinting at the increase in risk appetite from digital asset enthusiasts.
The Bitcoin rally deep into the $20,000 territory has flipped the crypto market’s sentiment. As a result, Dogecoin and other meme coins are resurging and outperforming more significant digital assets.
Additional data from analytics firm Santiment registered increased levels of positive interaction across social media platforms. This suggests that users are more willing to take long positions, swelling the liquidity to the downside.
In other words, people are experiencing fear of missing out (FOMO), as recorded by Santiment, increasing the chances of a pullback. Market makers could squeeze long positions before resuming the bullish momentum.
As seen in the chart below, the altcoin sector has recently seen important growth. Tokens such as APTOS and LCX saw around 40% of weekly profits.


Santiment wrote:
Altcoins are on another impressive run, with several notable assets up 20% or more. After a 5-day crypto dip, prices are seeing little resistance. Social spikes & FOMO may cause a top, or traders will scoff at this run (allowing rallies to continue).


Dogecoin (DOGE) and other altcoins are stealing some of Bitcoin’s shine as the benchmark crypto stalls at its current levels. However, the recent rally could spell trouble for optimistic traders and investors waiting for a continuation of the trend. Related Reading: Cardano Adds 50,000 New Wallet...

newsbtc.com

Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback

A leading cryptocurrency hardware wallet provider plans to support Shiba Inu’s (SHIB) major upgrade to the blockchain project.
Ledger says plans are already underway to integrate SHIB’s layer-2 blockchain called Shibarium, which is expected for release this year.

During Ledger’s new Twitter “Ask Us Anything” session, a Shibarium supporter asks the company:
“Will you provide support/accounts for the new ETH layer 2 Shibarium?”
Says Ledger,
“Hey – yes that is our roadmap. Stay tuned for updates.”
Another hardware wallet company, Trezor, also appeared to confirm plans to support Shabrium.
Says Trezor,
“Hi, as we support Ethereum layer-2 networks, [Shibarium] should be supported in Trezor firmware by default.” 
The meme token rival of Dogecoin (DOGE) opened the year at $0.00000803 and hit a 2023 high of $0.0000138 on Jan 21st, an increase of about 72%.
The meme token rival of Dogecoin is the 15th-ranked crypto asset by market cap. At time of writing, SHIB has retraced to a value of $0.0000117.
In a recent blog post, the project does not give a specific date when Shibarium will launch, but says it is “about to be launched.”
Shibarium is designed to deliver scalability, faster transaction times and reduced gas fees, per the blog post.
Shibarium will run on top of the Ethereum (ETH) blockchain and is also intended to make it easier for developers to build decentralized applications, known as DApps, on the Shiba Inu blockchain.
Shibarium developers have previously announced Bone ShibaSwap (BONE) will be the official digital asset used to operate the blockchain. Each BONE transaction on it will burn SHIB tokens.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Largest Crypto Wallets To Support Major Shiba Inu (SHIB) Upgrade As Dogecoin Rival Holds 70% Gains Year-to-Date appeared first on The Daily Hodl.


A leading cryptocurrency hardware wallet provider plans to support Shiba Inu’s (SHIB) major upgrade to the blockchain project. Ledger says plans are already underway to integrate SHIB’s layer-2 blockchain called Shibarium, which is expected for release this year. During Ledger’s new Twitter “Ask ...

dailyhodl.com

Largest Crypto Wallets To Support Major Shiba Inu (SHIB) Upgrade As Dogecoin Rival Holds 70% Gains Year-to-Date

You know what they say, “when life gives you lemons, make lemonade.” But when it comes to protecting your crypto funds on centralized exchanges (CEXes), the old adage should be “when life gives you regulations, make a self-custody wallet.” Self-custody is undoubtedly a better solution for protecting the interests of customers in crypto. Regulation alone is not enough.
The following opinion editorial was written by Joseph Collement, General Counsel at Bitcoin.com.
Don’t get us wrong, regulation is important. It’s like a flimsy umbrella on a sunny day – better than nothing, but not something you want to rely on during a monsoon. Just ask the folks at Gemini, who despite being the “most regulated” CEX out there, still managed to lose all of their “Earn” customer money. Talk about “earn-ing” a bad reputation! Ouch.

But let’s be real here, the crypto world is like the Wild West. And let’s be honest, the U.S. Government is like the sheriff who just got to town, trying to make sense of this new frontier. They’re like the Dad at a teenage party, trying to understand what’s going on, but ultimately just getting in the way.
Working 5+ years full-time in crypto as a lawyer, I’ll dare to say that the problem with CEXes is not regulation (or the lack thereof), it’s the business model itself. When an entity takes control of customers’ funds, they’re incentivized to trade and gamble with that money, like a stockbroker playing blackjack with your retirement savings. Meanwhile, customers are left holding the bag (or in this case, the empty wallet) when things go south.
“Regulated” CEXes also commingle services such as trading, custody, and market making. Unlike on a traditional regulated stock exchange platform, users on many CEXes face-off against the exchange itself on a trade, as opposed to another client of the exchange. This gives CEXes the ability to trade ahead and against their customers, a well-known practice perpetrated by top-tier exchanges, even in the U.S.
And let’s not forget about hacking. To date, about $5 billion of users’ funds have been stolen in the past 3 years, with just under $3 billion just in 2022. But don’t worry, the DOJ is always here to protect you. With their massive blows to well known crypto criminal organizations like Bitzlato, they’ll make sure that your funds are safe.
Complying with regulation costs CEXes billions of dollars in revenue, and the cost is often passed onto the customer. CEXes are spending more money on legal and compliance than on product development. This month, Coinbase invested $50M in its compliance department as per a settlement with NYDFS but cut out 20% of its workforce. Lawyers are blockers not UX designers. And if you follow their advice blindly, you risk ending up with the good old cookie pop-up.

In all seriousness, self-custody is the way to go to protect your crypto funds. Honest business practices and non-custodial wallets are the key to protecting the interests of investors and customers in the crypto world. Instead of relying solely on regulations, let’s shift towards a more decentralized model, where users have full control over their own funds and are not at the mercy of centralized entities. Only then can we truly ensure the safety and security of users’ funds in the crypto world.
What are your thoughts on self-custody as a solution for protecting crypto funds? Do you agree that it’s a better alternative to relying solely on regulations, or do you think there’s a different approach that should be taken? Share your thoughts in the comments below.


You know what they say, &#8220;when life gives you lemons, make lemonade.&#8221; But when it comes to protecting your crypto funds on centralized exchanges (CEXes), the old adage should be &#8220;when life gives you regulations, make a self-custody wallet.&#8221; Self-custody is undoubtedly a bet...

Trust Wallet price	$1.72
Low - High 24H	$1.72 - $1.86
Market cap	$717.71M
Volume 24H	$76.34M
All time high	$2.72 -36.58% December 11th 2022
All time low	$0.002776 62054.20% June 9th 2020
Genesis date	N/A

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