tl;dr
MonoSwap, a distributed exchange and staking platform, suffered a major attack on July 23 when a developer was tricked into installing a phishing program during a call with scammers posing as venture capitalists. As a result, the attackers gained access to the network's wallets and contracts, leadin...
MonoSwap, a decentralized exchange and staking platform, is urging immediate fund withdrawals after falling victim to a major hacking incident. The breach involved scammers posing as venture capitalists and installing a phishing program, prompting MonoSwap to advise customers to withdraw their funds promptly.
In an effort to mitigate the damage, MonoSwap is collaborating with credible venture capitalists to rebuild and secure the platform's future post-security breach. This unfortunate event has shed light on the escalating trend of crypto hacks, raising concerns about the growing sophistication of cybercriminals and the delicate balance between innovation and security in the digital domain.
The hack unfolded on July 23 when a developer, deceived by scammers posing as venture capitalists, unwittingly installed a phishing program during a call. This breach granted the attackers access to the network’s wallets and contracts, resulting in significant fund withdrawals. MonoSwap's urgent advisory to its customers underscores the gravity of the situation and the platform's commitment to addressing it swiftly.
Amidst the fallout, MonoSwap is now in damage control mode, seeking collaboration with reputable venture capitalists to rebuild and safeguard the platform's future. The platform expressed its determination to rectify the situation, emphasizing the need for immediate fund withdrawals following the hack.
This incident at MonoSwap is part of a larger uptick in crypto hacks, prompting heightened vigilance within the crypto community. CoinGecko co-founder and COO Bobby Ong has cautioned users to exercise caution in crypto transactions, citing a recent surge in cyberattacks. Ong's warning underscores the growing concerns about cybercriminals’ increasing sophistication and their ability to exploit vulnerabilities within digital systems.
The rise in cyber assaults has been linked to significant changes in the domain business, notably the removal of two-factor authentication following the forced domain shift when Google sold its domain business to Squarespace. This unforeseen consequence led to the exposure of a security flaw that hackers have since exploited, highlighting the intricate balance between innovation and security in the digital landscape.
This event serves as a potent reminder of the crucial need for evolving security standards in tandem with the expanding complexity and interconnectedness of digital systems. As technology advances and digital systems become more sophisticated and interconnected, it is imperative that security measures evolve to counter the growing threat posed by cybercriminals.
More about Tesla Inc
Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
Manufacturing
Sector: Motor Vehicles & Passenger Car Bodies
Market Cap: 690.01 billion
Price: $60.67
Dividend Yield: None
EPS: 3.56
P/E Ratio: 29.93
Return on Equity: 0.13
Revenue: 95.31 billion
Net Income: 203.52
Debt to Equity: -0.456
Price to Book: 0.023
More about 10X Genomics Inc
10x Genomics, Inc., a life science technology company, develops and sells instruments, consumables, and software for analyzing biological systems in North America, Europe, the Middle East, Africa, China, and Asia Pacific. The company is headquartered in Pleasanton, California.
Sector: LIFE SCIENCES
Industry: LABORATORY ANALYTICAL INSTRUMENTS
Market Cap: 22.71B
Dividend Yield: None
EBITDA: None
P/E Ratio: -2.24
EPS: 5.3
Profit Margin: -0.423
Revenue: 625.448M
Stock Price: 29.57
52-Week High/Low: 0/0.05
More about Oklo Inc.
Company: Oklo Inc.
Description: Oklo Inc. designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. The company is headquartered in Santa Clara, California.
Sector: Real Estate & Construction, Blank Checks
Stock Symbol: 1128167000
Previous Close: -0.12
Open: 0
Bid: 0
Ask: 0
Day's Range: 11.75
52-Week Range: 0.297 - 0