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RichQuack Profile picture
@RichQuack
Jun 4 β€’ 7 tweets β€’ 5 min read Twitter logo Read on Twitter
1/7 πŸ”“ Atomic Wallet, a noncustodial-decentralized wallet app, has been exploited, leading to users on Twitter reporting complete losses of their crypto portfolios. #AtomicWallet #CryptoNews $QUACK #RichQUACK #bitcoin Image
2/7 πŸ“’ The Atomic Wallet team announced on Twitter on June 3 that they received reports of wallets being compromised and were investigating the situation. $QUACK #RichQUACK
3/7 πŸ•΅οΈ On-chain investigator, ZachBTX, known for tracing stolen funds, has joined the investigation, though the method of attack remains unclear.

😲 $35M Funds Stolen OMG! $QUACK #RichQUACK
4/7 πŸ’” Some Twitter users have reported previous instances of funds being stolen from the Atomic Wallet app. $QUACK #RichQUACK #AtomicWallet
5/7 πŸ“ˆ This incident is part of an increasing trend of weekly crypto hacks, with recent examples including DeFi app Jimbos Protocol and decentralized crypto mixer Tornado Cash. $QUACK #RichQUACK #JimbosProtocol #TornaadoCash
6/7 πŸ’° Crypto hackers stole an estimated $3.8 billion in 2022, primarily from North Korea-linked attackers and DeFi protocols, per Chainalysis. $QUACK #RichQUACK #Chainalysis #CryptoHackers
7/7 πŸ“‰ Despite the number of hacking incidents staying consistent in Q1 2023, the average hack size decreased to $10.5 million from $30 million in Q1 2022 according to TRM Labs, though they caution this trend may be temporary. $QUACK #RichQUACK #CryptoHack

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More from @RichQuack

RichQuack Profile picture
Jun 3
πŸ“œ New US legislation could set out crypto pathway from security status to commodity.

This will clarify & make consistent the regulatory landscape of cryptocurrencies. Bullish?
Thread🧡by $QUACK #RichQUACK
#Cryptocurrency #DigitalAssets #Decentralization #CryptoNews Image
1/6 πŸ›οΈ The bill facilitates discussions between Republicans, Democrats, the Senate, regulators, & the private sector on market structure reforms, addressing needs & concerns of various stakeholders $QUACK #RichQUACK
2/6 πŸ“Š Criteria for a network to be considered decentralized have been defined in the proposed legislation, including the absence of unilateral authority or substantial ownership by a token issuer or affiliated person. $QUACK #RichQUACK
Read 7 tweets
RichQuack Profile picture
Mar 17
1/ πŸ“š Welcome to the world of crypto slang! In this thread, we'll dive into the most popular terms and phrases used in the #crypto community. Buckle up, and let's get started! #CryptoLingo $QUACK
2/ πŸ€— HODL: A misspelling of "hold" that became a popular term in the crypto world. It means to hold onto your cryptocurrencies rather than selling them, even during market fluctuations. Stay strong, HODLers! πŸ’ͺ #HODL $QUACK
3/ 😱 FOMO: Fear Of Missing Out. This term describes the anxiety people feel when they see others profiting from an investment or trade, making them want to jump on the bandwagon. Remember, always do your research before investing! 🧐 #FOMO $QUACK
Read 11 tweets
RichQuack Profile picture
Mar 16
πŸš€πŸŒ• 5 Hilarious Ways #Crypto and @Twitter are Intertwined! #CryptoTwitter @elonmusk #RichQUACK $QUACK

A Thread πŸ‘‡
@Twitter @elonmusk 1/ πŸ€– AI-powered Crypto: Did you know crypto trading bots are now programmed to invest based on @elonmusk's tweets? Just kidding (or am I?)! It seems like the crypto market dances to the tune of the Technoking's tweets. πŸ’ƒ #Cryptonomicon $QUACK
@Twitter @elonmusk 2/ πŸ’¬ Meme Magic: Remember when #DogeCoin went to the moon? πŸŒ• One tweet from @elonmusk and it skyrocketed! The power of memes and Twitter's undying love for them keeps the crypto world laughing and trading. πŸš€πŸΆ #DogeToTheMoon $QUACK
Read 7 tweets
RichQuack Profile picture
Mar 16
1/ 🧡 Demystifying Crypto Taxes: An Introduction to Taxable Events, Calculations, Record-Keeping, Strategies, and Pitfalls. A thread to help you navigate the world of #cryptocurrency taxation $QUACK #RichQUACK #CryptoTwitter πŸ‘‡
2/ πŸ’° Tax treatment of cryptocurrencies: Tax authorities worldwide treat cryptocurrencies as property, not currency, meaning you're taxed based on capital gains/losses when you sell, trade, or use them. Each jurisdiction has its specific tax regulations. $QUACK 🌍
3/ πŸ“ˆ Common taxable events:
a) Trading crypto-to-crypto or crypto-to-fiat
b) Selling crypto for goods/services
c) Earning crypto from mining, staking, or other activities
d) Receiving crypto as income (e.g., salary or freelance work)
$QUACK
Read 11 tweets
RichQuack Profile picture
Mar 15
πŸš€Unlocking Success: Dive into the key takeaways from "The 7 Habits of Highly Effective People" by Stephen R. Coveyβ€”a holistic approach to personal & professional effectiveness. #RichQUACK $QUACK

A threadπŸ‘‡ Image
Habit 1: Be Proactive 🎯
➑️Focus on what you can control & take responsibility for your actions. Empower yourself by overcoming challenges & taking charge of your life. $QUACK
Habit 2: Begin with the End in Mind 🏁
➑️Define your values & vision, align your actions accordingly. Set long-term goals & create a meaningful, purpose-driven life. $QUACK
Read 9 tweets
RichQuack Profile picture
Mar 14
Despite being around for over a decade, there are still many misconceptions about cryptocurrencies. This threadwill debunk some common myths about the nature of crypto. #RichQUACK $QUACK #Crypto #bullrun

πŸ§΅πŸ‘‡ Image
Myth 1: Cryptocurrencies have no backing

While #cryptocurrencies are not backed by any government or central authority, they are backed by cryptography, providing a secure and decentralized way of verifying and recording transactions. Some are also backed by real-world assets or… twitter.com/i/web/status/1…
Myth 2: Cryptocurrencies are only used for criminal activities

While some have been used for illegal activities, #cryptocurrencies are used by millions of people around the world for legitimate purposes such as investing and making purchases. $QUACK
Read 7 tweets

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