Crypto Champion

Hackers are tricking projects by posing as bogus firms

Hack or Scam

How true are the developers' hack claims?

     SlowMist, a blockchain security firm, discovered that scammers are targeting projects by acting as bogus venture capital companies to break security. There are numerous cases where developers were duped into installing malware.

Source: SlowMist

 

Hack is Fake

    SlowMist has provided the example of MonoSwap, which was hacked on July 25, 2024. However, no matter what these blockchain security firms claim, I believe all hacking is either the work of insiders or a fake hack done in collusion.


 


Reason against developers' hack claims?

 Developers in the cryptoverse comprehend cyber challenges and security procedures. A developer does not need to treat the device he is utilising for his project like any other device.

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