How Crypto Whales Become Phishing Targets

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 11 2024

BLAST-4.84%

IMX-2.28%

Should l Buy BLAST?

Phishing Attacks Targeting Crypto Whales: Crypto whales, or large holders of digital assets, are increasingly targeted by sophisticated phishing scams that exploit their significant holdings and regular interactions with crypto services. Recent incidents, like the Blast Network attack, highlight the risks involved, with one whale losing $35 million due to a deceptive permit signature.
Preventive Measures Against Phishing: To safeguard against these attacks, crypto users are advised to use hardware wallets, enable two-factor authentication, verify URLs, and be cautious of unsolicited messages. In case of a phishing attempt, immediate actions include disconnecting wallets, reporting to exchanges, and seeking help from security experts.

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Technical Analysis for BLAST

Technical Sentiment Analysis for Blast (BLAST) As of , Blast (BLAST) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BLAST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BLAST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Blast (BLAST) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.000243	0.000358	0.00047	0.000585	0.000697	0.000812	0.000924
Fibonacci	0.000358	0.000445	0.000499	0.000585	0.000672	0.000726	0.000812

About BLAST

Blast is the only Ethereum Layer 2 (L2) with native yield for ETH and stablecoins. Blast's yield comes from ETH staking and Real-World Asset (RWA) protocols, automatically passing the yield back to users. While other L2s have a default interest rate of 0%, Blast offers 3.4% yield for ETH and 8% for stablecoins. Blast is unique in providing builders with new building blocks: native yield and gas revenue sharing. Dapps can use these to build more competitive products and business models than on any other chain.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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