Decentralized social media protocol Farcaster adds BNB Chain support amid breakout interest in BNB token

Shiba Inu token holders are exposed to a new security risk. With the huge number of cryptocurrency users, a complex phishing scheme is being used to take advantage of them. The attack targets legitimate token airdrops, which are used to lure victims into compromising their digital wallets.The SHIB community has been issued with an urgent warning by Shibarium Trustwatch, an account on X focused on security. The alert follows the detection of a coordinated scam targeting unsuspecting token holders across multiple wallets.The Phishing Scheme ExplainedThe fraud is carried out in a peculiar way. Hackers are sending real Shiba Inu tokens to random wallet addresses. These airdrops look credible and genuine. However, they include coded messages, which lead customers to scam websites.The spam messages inform users that they need to access specific sites to receive additional rewards. Such websites mimic official Shiba Inu platforms. When the victims link their wallets, the fraudsters access the funds and drain them instantly.Shibarium Trustwatch verified that there is no relation between the counterfeit websites and the legitimate Shiba Inu ecosystem. The attachment of a wallet to such platforms can lead to stolen assets and compromised security. This may cause serious and permanent damage.According to security experts, this type of attack exploits the trust individuals place in others. Airdrops are considered valid opportunities automatically by many crypto holders. The internalised messages bring a sense of urgency, where the victims undertake their actions without due diligence.Protecting Your AssetsSHIB holders received clear guidance from the security team. Users should ignore all messages embedded in token names and unforeseen airdrops. No legitimate Shiba Inu promotion requires connecting wallets through unsolicited tokens.The best defence against such attacks is verification. Any official news is communicated through the official Shiba Inu channels. The project has verified profiles on major social media sites. These are the official sources through which community members should verify any claims and then take action.There are several additional precautions that cybersecurity professionals recommend. Users are advised to enable two-factor authentication on all cryptocurrency-related accounts. Hardware wallets provide an extra layer of security for significant holdings. Regular security audits of connected applications help identify potential vulnerabilities before they can be exploited.Pattern of Ongoing ThreatsThis is one of the larger trends targeting the Shiba Inu community. In the first quarter of the year, Shibarium Trustwatch identified fraudulent accounts on X that posed as legitimate supporters. These fraudsters were marketing irrelevant tokens under the guise of being part of the SHIB system.The scammers took advantage of a specific platform, HypeIt, which is developed on Shibarium to share content and communicate with the community. The attackers exploited the platform's validity to defraud users.The other explanation was regarding the misconception about the LEASH token. The meme coin associated with Shiba Inu exists only as an ERC-20 token. LEASH is not available on Solana, and any claims to the contrary are fraudulent. Buyers who attempt to purchase LEASH on Solana may lose their funds to fake tokens.In a recent update, we covered that crypto users were also warned about scammers buying trusted Telegram usernames to impersonate community members and steal assets. These usernames are highly important in the cryptocurrency community due to their reputation and trust.

The post Ethereum DATs Are The Next Berkshire Hathaway: Joe Lubin appeared on BitcoinEthereumNews.com. Inspired by Michael Saylor’s Bitcoin playbook, Joseph Lubin says Ethereum treasury companies can provide outsized returns on yield and investment opportunities to their Bitcoin counterparts. Speaking exclusively to Cointelegraph at Token2049 in Singapore, the Ethereum co-founder unpacked his thesis for why Ether (ETH) digital asset treasuries (DATs) present superior opportunities to the Bitcoin (BTC) treasury movement popularized by Saylor’s Strategy Bitcoin play. “I’d much rather have something that potentially has more impact. It certainly is as solid as Bitcoin, and I would argue more solid because of the functionality and the organic demand for it to pay for transactions and storage,” Lubin said. The Ethereum co-founder was actively championing ETH DATs after he was appointed chairman of the ETH-based treasury company SharpLink Gaming. The Nasdaq-listed iGaming company has bought more than $2 billion worth of Ether since adopting a treasury strategy in August. Inspired by Michael Saylor Lubin admitted that his impetus to head up an ETH treasury company was inspired by Saylor and his financial engineering constructs, which are based on Bitcoin as a reserve asset. “I was fortunate enough to sit down and have dinner with him in December and heard his rationale for doing all that. It was basically about finding better treasury capital assets for his company,” Lubin said. “I talked to my colleagues who immediately thought, it’s obvious that Ether would be a better treasury asset because it’s a productive yield-bearing asset.” Lubin presented an optimistic outlook for Ethereum’s medium-term future. He described the ecosystem hitting its “broadband moment” in 2025, with the protocol more horizontally and vertically scalable and crying out for cheaper, abundant block space to be used.  Related: ‘The Fight for Ethereum’s Soul,’ a Cointelegraph documentary He added that Ethereum had scaled too quickly in the past 18 months, which left a…

PANews reported on October 9th that according to the Hong Kong Economic Journal, Joseph Chee, former head of UBS Investment Bank Asia and current executive chairman of Helius, the Solana treasury company, stated in a recent interview that his company aims to acquire at least 5% of Solana. He stated that as long as market capitalization and regulatory requirements are met, Hong Kong will be the second listing location, adding, "Maybe in six months (to meet the requirements), we will come here (Hong Kong) as soon as possible." Chee pointed out that Solana's processing power surpasses Ethereum. While Tom Lee often says that large financial institutions, stablecoins, and payment companies are all built on Ethereum, many institutions are building applications on blockchains like Solana and Avalanche.