Fun

News Feed - 2023-09-25 11:09:26

Brayden Lindrea6 hours agoCrypto exchange Upbit stems fake APT token flood, resumes servicesThe newly created fake APT token called “ClaimAPTGift.com” made its way to 400,000 Aptos wallets, which was mistakenly recognized by crypto exchange Upbit as the real deal.2027 Total views7 Total sharesListen to article 0:00NewsJoin us on social networksSouth Korean cryptocurrency exchange Upbit has resumed Aptos APT (APT) deposits and withdrawals again after fixing an issue that saw a scam APT token incorrectly recognized as the real deal.


On Sept. 24, Upbit abruptly halted Aptos token services after noting an “abnormal deposit attempt,” prompting an inspection of the wallet system.


The problem appears to have originated from a newly created fake APT token called “ClaimAPTGift.com,” which had made its way to 400,000 Aptos wallets after its creation on Sept. 21.


The fake token was likely part of a typical token airdrop scam, in which users are airdropped tokens that contain links pointing unsuspecting users to phishing websites.


However, a reported failure by Upbit to properly verify the source code of the scam tokens led to the exchange recognizing the fake tokens as real Aptos tokens. Various Korean users reported they had received APT without sending themselves any, according to X user Definalist.“It seems that during the process of reflecting APT coin deposits, there was a failure to check the type arguments, and all same functions transfers were recognized as the same APT native token.”⚡️How did such a huge and foolish incident occur?

- It seems that during the process of reflecting $APT coin deposits, there was a failure to check the type arguments, and all same functions transfers were recognized as the same APT native token.

- Under normal circumstances,… https://t.co/CvDgTdqnGl pic.twitter.com/8gEx5YnOLH— Definalist (@definalist) September 24, 2023


This reportedly led to users who sold the fake APT tokens being able to walk away with funds. Upbit’s customer center has reportedly started to request refunds from users who sold the fake APT tokens.


The issue has since been fixed. As of Sept. 24 at 11:00 pm local time, Upbit confirmed it had resumed deposits and withdrawals after completing the wallet inspection.


Related:Aptos token rises 11.6% after Microsoft deal to marry AI with blockchain


“The action against the abnormal deposit attempt has been completed, and there is no problem with your Aptos transaction,” it said in a statement.


It warned, however, that there could be delays in processing deposits and withdrawals and possible temporary price fluctuations in the APT tokens as compared to other exchanges.


APT has been trading at $5.31 over the last 24 hours; however, the price of APT on Upbit is around $5.56, according to CoinGecko.Price of the Aptos token (APT). Source: CoinGecko.


Magazine: China’s blockchain satellite in space, Hong Kong’s McNuggets Metaverse: Asia Express# Altcoin# Phishing# Business# South Korea# Cryptocurrency Exchange# Airdrop# Scams# DeFi# AptosAdd reactionAdd reactionRead moreHow to track and report crypto transactions for tax purposesSky-high interest rates are exactly what the crypto market needsStablecoin exodus: Why are investors fleeing crypto’s safe haven?

News Feed

Crypto AI Coins Just Surged 34% – Here Are the Best Altcoins That Could Be the Next to Explode
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says
Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in in
PRIMEZTOKEN Is Now Available for Trading on LBank Exchange
PRIMEZTOKEN Is Now Available for Trading on LBank Exchange press release PRESS RELEASE. INTERNET CITY, DUBAI, Sep. 23, 2022 – LBank Exchange, a global digital asset trading p
Italian Regulator Warns Binance Crypto Exchange Not Authorized to Provide Investment Services in Italy
Italian Regulator Warns Binance Crypto Exchange Not Authorized to Provide Investment Services in Italy Binance’s regulatory troubles grow with Italy being
US Presidential Candidate Andrew Yang Says Regulations Cannot Impede Crypto
US Presidential Candidate Andrew Yang Says Regulations Cannot Impede Crypto Andrew Yang, who is running for U.S. president in the 2020 election, has explained what his priorities
13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM
13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM As 2022 begins, 13 different cryptocurrency exchange platforms have more than a billion dol
ZOGI Token Launches on Cronos, BNB Chain and Ethereum With Revolutionary Wrapper
ZOGI Token Launches on Cronos, BNB Chain and Ethereum With Revolutionary Wrapper sponsored Dubai, December 9th– Zogi Labs, a pioneering crypto company & gaming studio famousl
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
Tron"s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on th
Salvadoran Court of Accounts to Investigate Government’s Bitcoin ATM Buys, Chivo Kiosk Construction
Salvadoran Court of Accounts to Investigate Government"s Bitcoin ATM Buys, Chivo Kiosk Construction According to reports stemming from the Salvadoran Court of Accounts, the regulat
Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers
Este artículo también está disponible en español. The Bitcoin price has soared above $100,000for the first time ever, sparking optimism among market participants. In line
ChatGPT had a public meltdown but OpenAI says it’s fine now
Tristan Greene5 hours agoChatGPT had a public meltdown but OpenAI says it’s fine nowThe latest unexplained kerfuffle with ChatGPT’s outputs highlights the dangers of automation.3139 Total views6 Total sharesListen to
Bitcoin, Ethereum Technical Analysis: ETH Rebounds on Friday, Climbing Above $1,700
Bitcoin, Ethereum Technical Analysis: ETH Rebounds on Friday, Climbing Above $1,700 Ethereum rose above $1,700, while bitcoin snapped a seven-day losing streak on Friday, with pric