Crypto Hackers Bag Over $300M in August!

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• Crypto Losses to Hacks Exceed $313M in August

• Central Banks Buying Gold at Record Levels, But Bitcoin Still Outperforms

• Vitalik Buterin Refutes Allegations of Selling ETH for Personal Profit

• Trump’s Crypto Courtship Pays Off: 50% of Crypto Owners to Vote for Him

⚠️ Crypto Losses to Hacks Exceed $313M in August

Hackers stole over $313 million in crypto in more than 10 cyberattacks in August.

• According to data from PeckShield, phishing attacks were responsible for 93.5% of all stolen crypto funds, totaling $293.4 million in losses.

• In August, two of the largest phishing attacks drained $238 million worth of Bitcoin and $55.4 million worth of Dai.

• An Immunefi report that was released on Aug. 29 revealed that the crypto industry has lost $1.21 billion to hacks and rug pulls year-to-date (YTD).

🪙 Central Banks Buying Gold at Record Levels, But Bitcoin Still Outperforms

Central banks have bought a record 483 tons of gold in the first half of 2024.

• Central banks bought 183 tons of gold in Q2 of 2024, a 6% year-over-year increase. The National Bank of Poland, Reserve Bank of India, and Central Bank of Turkey were the largest buyers.

• The total gold purchases in the first half of 2024 were also 5% higher than the previous record of 460 tons set in the first half of 2023.

• Spencer Hakimian of Tolou Capital Management stated that countries like China, India, Russia, and Saudi Arabia no longer trust Western reserve assets, and see gold as the only neutral and non-volatile reserve asset.

🗣️ Vitalik Buterin Refutes Allegations of Selling ETH for Personal Profit

A crypto community member accused Buterin of dumping more than $2 million worth of ETH shortly after making a bullish tweet.

• Vitalik Buterin responded by stating that he has not sold any ETH for personal profit since 2018, and that any ETH sales were to support Web3 projects and charity initiatives.

• His response attracted a lot of support from the crypto community, with some even encouraging him to sell ETH for profit if he chooses.

• Buterin also recently defended Ethereum against allegations from Kain Warwick that the blockchain doesn't prioritize decentralized finance (DeFi).

📊 Trump’s Crypto Courtship Pays Off: 50% of Crypto Owners to Vote for Him

A new poll shows that 50% of crypto holders plan to vote for Donald Trump in the upcoming U.S. presidential election.

• The survey included 801 registered voters, and found that 50% of crypto owners plan to vote for Trump, while 38% favor Vice President Kamala Harris.

• Non-crypto owners preferred Harris by a 12-point margin, with 53% supporting her and 41% backing Trump.

• The results suggest that Trump's engagement with the crypto community, including his participation in a crypto conference and NFT releases, may have increased his support among crypto owners.

👀 QUICK NEWS

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• WazirX Schedules Townhall to Discuss Proposed Restructuring

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