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strong buy
KODA

Surge in Crypto Scam Losses in May Highlights Security Risks

Breaking news reveals that in May, losses from crypto scams amounted to $302 million as reported by CertiK. Most of this amount, $229 million, was due to code vulnerabilities, which saw a dramatic increase of 4,483% compared to April. Phishing incidents led to $47 million in losses, while issues related to private keys and price manipulation totaled $12.6 million.
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AI Analysis

The report emphasizes an alarming rise in financial losses due to crypto scams in May, totaling $302 million. A majority of these losses are attributed to code vulnerabilities, which surged by an asto...

AI Recommendation

Investors should approach cryptocurrency investments with increased caution, especially considering the rising prevalence of security breaches and scams. Prioritizing assets and projects with strong s...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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