Tuesday, 20 February 2024

Crypto News

is this presale a safer bet?

is this presale a safer bet?

Recent headlines have been buzzing with concerns about the vulnerabilities of major players. The TRX community is facing a potential setback after the HTX Hack, leaving many investors uneasy about the security of their assets. 

This article delves into the implications of the HTX Hack and explores a potentially safer option for investment – Galaxy Fox, a new player with one of the best upcoming ICO campaigns.

TRX could suffer after major HTX hack

On November 22, the HTX and Heco cross-chain bridge, a protocol connecting an exchange and the Ethereum network, fell victim to a hacking incident, resulting in a staggering loss of over $116 million in crypto assets. This was the second major attack on HTX within three months, raising eyebrows within the crypto community.

Tron founder and HTX advisor Justin Sun publicized that the exchange would fully compensate affected users for their losses from the hack. This comes after a similar incident in late September, where assets worth $8 million were stolen from HTX, only to be returned after negotiations with the hacker.

Compounding the issue, another platform linked to Sun, Poloniex, was hacked in mid-November, with stolen funds amounting to a hefty $125 million. While the exchange couldn’t recover the stolen assets, Sun assured affected users that reimbursement for their losses would be facilitated through an airdrop.

In total, HTX, Heco Bridge, and Poloniex have collectively suffered losses of almost $250 million within a mere three months. Such security breaches are raising doubts among users about the safety of their assets on platforms associated with Justin Sun, including Tron (TRX).

Galaxy Fox: a much safer bet

Amid this crypto turmoil, Galaxy Fox emerges as a potential beacon of stability and innovation. Meme coins, once regarded as mere online jokes, have gained significant traction, and Galaxy Fox is positioned as a serious contender in this space.

This best upcoming ICO distinguishes itself as a full utility coin, drawing inspiration from successful meme coins like Dogecoin and Shiba Inu, as well as play-to-earn tokens like Axie Infinity. Offering multiple avenues for profit, including token ownership, staking, and participation in a web3 endless runner game, Galaxy Fox is capturing the attention of the crypto community.

Galaxy Fox has reached a milestone of $1M in its presale!…

Click Here to Read the Full Original Article at CoinJournal: Latest Bitcoin, Ethereum & Crypto News…