Telcoin Targeted in String of Attacks, Resulting in $1.2 Million Losses

Bitget App

Trade smarter

Cointime2023/12/26 03:50

By:Cointime

MetaTrust on-chain monitor, MetaScout, has recently uncovered a series of targeted attacks aimed at the Telcoin wallet $TEL. As a result of these attacks, the price of Telcoin has experienced a sudden and severe 65% decline, causing substantial financial losses estimated at around $1.2 million.

The specific address associated with these security breaches is 0x35d2775e5f95596509951b140d68fc5b9185ff98. Further details and transaction history can be found at PolygonScan.

We strongly advise all Telcoin users and investors to exercise caution and remain vigilant in safeguarding their digital assets. The Telcoin team is actively investigating the incidents and taking necessary measures to mitigate the damage.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.

The Block•2025/01/30 21:34

'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT

The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”

The Block•2025/01/30 21:34