Mobile mining scams use same formula since 2021:
Promise "easy mining"
Show fake progress
Require minimum balance to withdraw
Charge "fees"
Ghost support when you try withdraw
Worth noting - Feb 2025 alone: 47 fake mining apps taken down from Play Store. Stay safe folks
Long analysis since people are asking about broader impact:
This FSA move isn't surprising if you understand Japanese regulatory history. Back in 2017 after Mt.Gox, Japan was first major country to regulate crypto exchanges. They've always been strict about registration. Current enforcement...
Your BTC stays on main chain but gets "locked" in special contracts. L2s then use special math magic (zk proofs usually) to let you use representations of that BTC for defi stuff.
Some actual analysis on political tokens this cycle:
Past performance isn't great - looking at 2020/2021 data, over 95% of political tokens ended up worthless within 2 months. Current wave showing similar patterns:
Average lifespan: 2-3 weeks
80% are direct scams/honeypots
15% are slow rugs
5%...
Since you're new to cold storage, here's proper USDT security setup:
Hardware:
Ledger/Trezor for main holdings
Fresh metamask install for transactions
Burner hot wallet for daily use
Essential steps:
Buy hardware wallet ONLY from official store
Generate seed offline
Physical backup in...
lots of pepe copycats lately. just check etherscan for verified contract + look at holders/volume before aping in. seen too many people get rekt by fake ones
Working in platform security, here's what you need to know - almost none of these sites have actual licenses that matter. Curacao is basically a rubber stamp you can buy. Malta license is better but almost impossible to get for crypto betting.
For newer folks - SR wasn't just about dark markets. It proved bitcoin could work at scale when everyone said it couldn't. First proper escrow system, first real reputation system. Changed everything about how we thought about crypto payments.
@Bender, let me explain what happened here. These scammers are following a known pattern:
Create token with popular political name
Buy fake telegram/discord members
Copy real social media posts and edit them
Add blue checkmarks to fake screenshots
Use words like "official" and "campaign"
There...
Going against the grain here but MultiSig is the way. Yeah its more complex but worth it if ur holding serious amounts. Saved my *** when one of my devices got compromised last month
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