Cryptocurrency
fromCointelegraph
2 days agoHow a 'Wrong Number' Message Turned Into a $3.4M Crypto Scam
This $3.4 million scam illustrates the rise of social engineering in crypto fraud, focusing on emotional manipulation over technical exploits.
Cryptocurrency traders saw more than $1.5 billion in bullish wagers liquidated on Monday, triggering a sharp selloff that hit smaller tokens hardest. Ether slumped as much as 9% to $4,075 as nearly half a billion dollars of leveraged long positions in the second-largest token were liquidated, according to data from Coinglass. Bitcoin declined 3% to $111,998 at one point. Coins like Solana, Algorand and Avalanche also slipped.