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Crypto Disaster Unfolds as Grandma Gets Grand Theft: You Won’t Believe the Shocking Amount Stolen From Your Favorite Crypto Exchange!

Crypto NewsCybersecurityFeatured Doug Martinez November 2, 2024

A illustration of a grandma sitting at her computer, surrounded by cryptocurrency screens with money disappearing from them, while a hacker figure lurks behind the screen, holding a briefcase full of Bitcoin. The background is filled with chaotic lines and codes representing cyberattacks.

It’s like they say, ‘you can’t buy happiness’… but you can spend your grandma’s life savings on Bitcoin and call it a good investment! Another day, another dollar (or in this case, $13 million) lost to crypto hacks. Centralized exchange M2 got hit with a whopping $13.7 million heist, because who needs security when you’ve got a bunch of code and some hopes and dreams? The hackers managed to sniff out the hot wallets like it was going out of style (spoiler alert: it’s not). Meanwhile, WazirX is still trying to recover from that whole $230 million debacle. It seems like every time we think crypto can’t get any more sketchy, some genius comes along and proves us wrong.

Source: cointelegraph

M2 crypto exchange hacked for $13M, user funds already restored
https://cointelegraph.com/news/m2-crypto-exchange-hacked-13-m-funds-restored
Cryptocurrency hackers have struck once more, stealing over $13 million in a new cyberattack on a crypto exchange. Centralized cryptocurrency exchange (CEX) M2 was hacked for $13.7 million worth of digital assets, the exchange shared in an Oct. 31 announcement, which stated: M2 security incident. Source: M2 Hackers managed to steal the $13.7 million in Bitcoin (BTC), Ether (ETH) and Solana (SOL) from the exchange’s hot wallets, wrote pseudonymous onchain […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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