Five Major Things Shaking Crypto Markets in August

Krutika Adani

215% Rise in Crypto Phishing

The month of August witnessed a 215% rise in crypto phishing, where 9145 victims lost $63 million in total.

Hackers Burning SOL Inside Wallets

Hackers now have the ability to burn Solana inside their wallets. The in-wallet burns are supposed to benefit them indirectly through token appreciation.

Ripple Endorses Kamala Harris

Ripple CEO Brad Garlinghouse endorses Kamala Harris’s Presidential bid despite the ongoing dispute with the SEC.

Pavel Durov Breaks Silence on Arrest

Pavel Duriv objected to his arrest in France and blamed the French authorities for assuming it was Durov’s mistake for other people’s illegal use of Telegram.

Bitcoin ATM Scams Explode 1000%

The United States Federal Trade Commission has reported a 1000% increase in Bitcoin ATM scams (since 2020) throughout the country. The report added that losses exceeded $110 million since last year.

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