Cryptocurrency is growing by the minute and CryptoWatch is here to bring you weekly updates regarding the many happenings in the industry, with a close watch on the top stories for the past seven days.
Stories like the North Korean hackers that use LinkedIn and Indeed information to create fake job offers regarding cryptocurrency, along with information on Solana's latest heist and Pictet's track in private banking.
Beware: North Korea Hackers Create Fake Jobs on Crypto
Ever seen a dubious or sketchy job application online regarding cryptocurrency companies? Well, it might be one of the many fraudulent listings from North Korean hackers that falsify information regarding companies that offer positions in their staff, and mostly gets information from job hunting websites including LinkedIn and Indeed, among many sources.
Bloomberg's report talks about the many fake job listings that circulate on the web now, and it victimizes some applicants in their search for a new opportunity in the cryptocurrency landscape.
It is a problem that the world is currently facing, and it goes alongside the multiple layoffs and staff reductions that many tech companies are observing now.
Vigilance is the key now, and users should look into these job listings more closely as there is an abundance of fake information circulating for online applications.
Solana Faced $8 Million Crypto Heist on Stolen Assets
Solana is the latest victim of a massive "crypto heist" that stole money from "hot wallets" online, and thousands of asset owners lost a collective $8 million because of this dispute. The victims are random, and those who own Solana from their respective wallets have some of their funds lost, with a massive number up to date.
According to Solana, there are a total of 7,767 wallets on the Solana network that had their funds drained, and the company confirmed this via a tweet. It happened last August 3, and there is no further information regarding another wave of crime that washed over the famous blockchain with many investors and traders.
Furthermore, Solana said that affected addresses were, at one point, created via the Slope mobile app.
Pictet: Crypto is Still Not for Private Banking
Cryptocurrency is massive and its fame is significant all over the world, but a Swiss-based bank and financial institution called the Pictet Group claimed that digital coins are not yet for private banking.
It further expanded that the blockchain is not yet in a good place, particularly talking about its stability and volatility in the current market that the public also experiences now.
Nevertheless, Pictet said that crypto assets are strong and promising for the future, something that is beneficial as an assets class in the coming times. Its volatility is the most significant issue here as there is a massive curve on its growth for the past two years, but it also demonstrated a crash that topples what it built in the current industry.
Related Article : Crypto Company Will Give 'Millions of Dollars' As Bounty for 'White Hat Hackers' After $190 Million Heist
This article is owned by TechTimes
Written by Isaiah Richard
