Chinese Trader Loses $1M in Crypto Hack; GameStop Whiz Returns; EOS Revamps Tokenomics
Summary:
A Chinese cryptocurrency trader alleges a loss of over $1 million due to a hacking scam involving a Google Chrome plugin. In other news, Keith Gill, a key player in the 2021 GameStop meme stock saga, announces $181.4 million holdings in GME. Meanwhile, former top ten crypto project, EOS, introduces a new tokenomics model to reboot its network.
A digital currency investor from China alleges that he fell victim to a hack involving a Google Chrome plugin, resulting in a loss of over $1 million from his Binance account. Meanwhile, the trader identified for catalyzing the GameStop meme stock sensation last year has emerged once again, revealing a whopping $181.4 million held in GameStop stocks and call options. EOS, previously amongst the top ten in crypto project market capitalization, freshly embraces a new tokenomics model, signaling a promising future for its developers and community.
A Chinese investor suffered losses amounting to $1 million at the receiving end of a cyber scam. The hacker used a Google Chrome plugin named Aggr to steal the user's cookies, bypassing their password and two-factor authentication to gain access to the Binance account. The investor, communicating through X under the username CryptoNakamao, recounted losing their life savings from the May 24 incident. The asset hacking included unauthorized trading transactions from his account, and by the time the issue was reported to Binance, the hacker had completely withdrawn the funds.
The infamous GameStop stock rocketed by more than 19% after Keith Gill, also known as "Roaring Kitty," revealed an impressive $181.4 million stake in GME stocks and call options on a June 2 Reddit post. His revelations caused a sudden surge in Robinhood's GME by over 19% to $27.58. Gill's part in the GameStop craze during the pandemic turned the tables on hedge funds that were profiting from shorting the brick-and-mortar game store's failing business.
EOS, stepping up its game, introduces a new tokenomics blueprint as part of the larger drive to rejuvenate its once vibrant network. A May 31 announcement showcased the EOS Network Foundation's decision to decrease the maximum supply of EOS cryptocurrency from 10 billion to 2.1 billion. The move elicited mixed reactions from community members, many of whom bought the cryptocurrency during its initial coin offering (ICO) in 2018. Despite all this, the market cap of EOS stands at only about $935 million, a fraction of its highest point in 2018 at $15 billion, leaving its token price relatively unchanged at $0.80, as reported on May 31. This news story was penned with contributions from Geraint Price, Sam Bourgi, and Felix Ng.
Published At
6/3/2024 3:41:29 PM
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