Kylian Mbappe’s Account Hacked to Promote Cryptocurrency Scam Leading to Losses

Kylian Mbappe’s X account was hacked on August 29, promoting a fraudulent cryptocurrency called ‘$MBAPPE,’ leading to significant financial losses for investors. One victim lost over $1 million after investing in the token, which quickly crashed following a pump-and-dump scheme. While some profited from the scam, the attackers sold over 90,000 units before disappearing, highlighting the risks associated with easily created meme coins.

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Bitcoin price dips as whale buys 1000 BTC amid Binance sell-off

Bitcoin experienced significant volatility, dipping to a two-week low of $57,900 amid heavy selling on Binance, which saw a 45,000 BTC decrease in its balance. Despite this, a whale purchased 1,000 BTC, indicating confidence as larger investors accumulated coins while smaller traders sold off. Analysts noted that Bitcoin is retesting crucial support levels, suggesting potential for a breakout.

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Boycott Binance Movement Sparks Major Bitcoin Outflows and BNB Concerns

The ‘Boycott Binance’ movement has gained traction on social media as traders criticize the exchange for allegedly confiscating funds from Palestinian users. In response, Binance reported a significant outflow of nearly $2.8 billion in Bitcoin, denying the claims and stating that only a small number of accounts linked to illicit activities were restricted. Meanwhile, Binance Coin (BNB) faces potential declines, with analysts noting a risk of dipping below $500 amid bearish market signals.

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Cryptocurrency Market Update Bitcoin and Ethereum Show Signs of Recovery

Bitcoin, Ethereum, and XRP experienced a slight recovery, maintaining proximity to key support levels, despite a broader market decline of 6%, bringing total capitalization to $2.08 trillion. Meanwhile, the TON blockchain faced a temporary outage, and Binance is under scrutiny for allegedly confiscating funds from Palestinian users. Bitcoin is currently trading above $60,000, showing a 4% increase this week, while on-chain data reveals mixed signals with institutional accumulation and whale selling.

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