Bitcoin, along with other major cryptocurrencies like Ethereum, Solana, and XRP, have crashed this week (along with the stock market in a crash that could get worse).
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The price of bitcoin has dropped to nearly $60,000 per bitcoin after hitting $70,000 last week. Other top 10 cryptocurrencies Ethereum, Solana, and XRP have also fallen, wiping a combined $300 billion from the cryptocurrency market since late July, just after Elon Musk broke his silence on bitcoin.
As traders brace for a “game changer” in Donald Trump’s bitcoin, the US Federal Bureau of Investigation (FBI) has issued a dire warning about scammers’ attempts to steal users’ funds.
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The price of bitcoin suddenly crashed, dragging down the price of ethereum, solana, XRP and … (+)
“The FBI is warning of scammers posing as employees of a cryptocurrency exchange to steal your money,” the National Intelligence and Security Service told X. “If you have been a victim of this scam, report the activity associated with it.”
“If you receive a call or message indicating a problem or account compromise, do not respond, even if it appears official and indicates that you need to take immediate action,” reads an FBI advisory, along with a number of other tips for avoiding losing cryptocurrency to fraudsters.
“Hang up. Call the official phone number of the cryptocurrency exchange to check if there is a problem. Do not use any phone number provided by the caller. Do not access any websites or click on any links that the caller sends you. Access the official website of the cryptocurrency exchange separately.”
The cryptocurrency market continues to be plagued by scammers and hackers, with periods of volatility in the price of bitcoin and the cryptocurrency market making it easier for those attempting to steal cryptocurrencies from panicked users.
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Bitcoin price plummeted this week, hitting Ethereum, XRP, Solana and broader crypto … (+)
The amount of bitcoin and cryptocurrencies stolen worldwide more than doubled in the first six months of 2024 compared to the previous year, mainly due to a few massive attacks and the rebound in bitcoin and cryptocurrency prices from 2022, according to a report from blockchain researchers TRM Labs published last month.
“While we haven’t seen fundamental changes in the security of the cryptocurrency ecosystem, we have seen a significant increase in the value of various tokens – from bitcoin to ethereum and solana – compared to the same period last year,” said Ari Redbord, global head of policy at TRM Labs. Reuters.
Hackers stole nearly $1.4 billion worth of cryptocurrency between January and June 2024, compared to $657 million during the same period in 2023, blockchain sleuths have found.
