By: Isha Das
Blockchain security firm CertiK experienced a recent security breach on its official social media platform and had a phishing link posted on its page. This event prompted it to warn the crypto community not to interact with any of its posts while the investigation was ongoing. The compromised post has since been removed, with no confirmation of any funds lost to the compromise at the time of reporting.
Another alarming event in the crypto community involved a crypto project called HyperVerse. This project, endorsed by several high-profile celebrities, allegedly lost $1.3 billion of investors' funds. Upon investigation, it was discovered that the Chief Executive Officer (CEO) of the project doesn't seem to exist, causing a significant amount of unease within the investment community.
Furthermore, the Australian Securities and Investments Commission (ASIC) has been alerted about HyperVerse but is yet to take action. Regulatory concerns are increasing as HyperVerse remained largely unsupervised in Australia, despite being identified overseas as a potential scam or suspected pyramid scheme. This unfortunate incident has left investors and regulators grappling with the fall-out from false claims and celebrity endorsements that were used to deceive unsuspecting individuals.
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