Many crypto projects are vulnerable to XSS / Cross Site Scripting attack by injecting malicious code into the smart contracts. Before investing, demand the crypto project to undergo an extensive security audit. https://t.co/BvxuTNO5t8
The hacker leveraged the manipulated MONO price to drain other assets from pool causing massive loss. All tokens must be subject to security audit n vulnerability assessment.
@MonoXFinance was exploited in a flurry of txs, leading to the loss of ~$34M which could be prevented if proper smart contract security audit was done n detected the vulnerabilities.
Stay away from https://t.co/8pMBDbi8C6, one of my client's money $15K+ sitting in this exchange and they have refused to take it out, demanding additional $5K. #CryptoScams
@commenman7 @Sharma_zzz Not assumption, bro. Below is the recommendation of the committee constituted for virtual currencies in Feb 28, 2019... much of the debates also will be based on the recommendations of this committee. Any crypto that is not backed by sovereign is "private crypto".
If one thing that yesterday fiasco prove is that Indian crypto exchanges are not geared to handle the bandwidth and needs of the Indian market. They need to focus more on upgrading their system, less on advertising. @WazirXIndia@Unocoin@CoinDCX#BlackBIll@CoinSwitchKuber
@NitishK01624844 Not correct. Government's definition is different. Other than sovereign backed coins, all are private coins. This is as per the 2019s committee report and may change with the new bill.
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