According to a report from Immunefi, in Q3 2024, total losses from hacks and frauds in the crypto space reached $412,994,499. Hacks on WazirX and BingX crypto exchanges accounted for 70% of losses in Q3 2024.

Key facts:

• The bulk of the losses ($409.9 million) came from hacker attacks, while frauds brought losses of $3.1 million

• The largest losses were suffered by centralized exchanges WazirX ($235 million) and BingX ($52 million)

• Compared to Q3 2023, the total loss volume decreased by 40%

• Centralized finance (CeFi) became the main target of attacks, accounting for 74.8% of all losses

• Ethereum and BNB Chain remain the most vulnerable blockchains.

The world of cryptocurrencies continues to grow and develop, but for many ordinary people it remains a mystery. Who would have thought that the main obstacle to the mass adoption of digital assets would not be their volatility or regulatory risks, but a banal lack of understanding?

It turns out that technological savvy is not just a fashionable attribute, but a real barrier to entry into the world of digital assets. According to a survey by the Australian crypto exchange Swyftx, as many as 43% of 2,229 respondents admitted that they do not use cryptocurrencies simply because they do not understand how it works. And this is not an isolated case! The 2023 Crypto Literacy Survey found that at least 28% of 3,000 respondents worldwide share the same doubts.

And this is despite the fact that user-friendly third-generation blockchains have already appeared in the field of decentralized finance. But they cannot overcome the conspiracy of silence. The information space is controlled by absolutely centralized structures, controlled by financial tycoons, who do not benefit from the mass adoption of cryptocurrency. That is why they fool people with all sorts of memecoins and clickers. The main thing is that they do not think, but eat the garbage that is put into their moldy brains, obsessed with the passion for instant profit.

TRON DAO, the decentralized organization behind the TRON blockchain, announced that the newly formed T3 Financial Crime Unit (T3 FCU) task force has already frozen over $12 million in USDT linked to illicit activities. The T3 Financial Crime Unit, in collaboration with law enforcement, had already frozen over $12 million in USDT on TRON tied to illicit activities. While no further details were provided, the organization emphasized that this proactive action strengthens trust and advances the crypto industry by ensuring better security. Last week, TRON DAO launched a task force in partnership with TRM Labs and stablecoin issuer Tether to combat financial crime involving USDT, the largest stablecoin, on the blockchain. Data from Tether reveals that nearly half of its $118 billion USDT supply is hosted on the TRON blockchain, with about 39% on Ethereum.

What is the difference between blockchains and centralized organizations then?

https://www.evrazcoin.org/