Coinbase, one of the largest cryptocurrency exchanges worldwide, faces potential losses of up to
$400 million due to a data breach and cyber attack. Amidst this crisis, ARK Invest, a renowned asset and investment management firm, purchases $26.6 million worth of Coinbase's shares.
Binance, another giant in the crypto exchange sector, is planning to
launch FUN and MLN on its futures platform, inviting interest across the market. However, potential users and investors must tread carefully as phishing scams have targeted Coinbase users recently, costing individuals up to $46 million in losses. The likelihood of financial losses from scam involvement is increasing with recent activities of pump and dump cryptocurrency gangs.
MLN coin, associated with Enzyme Finance, could potentially join Binance's futures, pushing the cryptocurrency into a higher trading range with a larger audience. Despite the constant threat of cyber attacks and financial losses, governments are continuing to engage with crypto, moving over USD 100 million into the sector. Worth noting is the cryptocurrency Worldcoin's
WLD token hitting an all-time high as its userbase surpassed 1 million.
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