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MicroStrategy and RiskOnBlast Incidents Underscore Ongoing Crypto Risks
With substantial losses incurred due to a recent SIM swap attack and rug-pull, the importance of adopting secure practices and conducting thorough due diligence is as relevant as ever.
Recent events involving MicroStrategy and 'RiskOnBlast' highlight the ease with which one can lose substantial sums of money if basic security rules are not followed, especially in the pursuit of quick profits. The incident has drawn criticism for this lack of due diligence and hasty investments in projects with no proven track record, often promoted by influencers and funds eager to capitalize on the Blast ecosystem. The frequent occurrence of rug pulls and scams on blockchain platforms serves as a reminder that the crypto world is fraught with risks, even for projects that seemingly come with trusted endorsements.
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