This is a sponsored article.
Recently, a TON-focused wallet drainer ceased operations, citing a decline in significant transactions within the TON community, and has shifted its focus to Bitcoin. Over the last month, such incidents have culminated in losses totaling $46.6 million.
In the face of escalating malicious activities, the urgency for dependable wallets has reached an all-time high. Plus Wallet steps up as a robust contender, offering steadfast security, swift performance, and complimentary invoicing capabilities for both businesses and private users.
Concurrently, data shows that a scant 12.7% of Polymarket participants have realized profits lately. This scenario emphasizes the criticality of prudent choices in securing notable crypto gains, which involves selecting sound projects and dependable wallets to protect investments.
TON-Based Wallet Drainer Now Aims at Bitcoin
A TON-oriented wallet drainer has discontinued operations, attributing its failure to the scarcity of significant stakeholders in its ecosystem, flagged by Scam Sniffer on October 7. The group has redirected its users to a new Bitcoin-focused service, suggesting that those familiar with TON might similarly engage with Bitcoin.
These phishing operations deceive cryptocurrency owners into linking their wallets to bogus services, thereby enabling the theft of funds due to inadequate authentication. In September alone, these frauds accounted for losses of around $46.6 million, including a single event that siphoned over $32 million.
Limited Profitability for Polymarket Users
Only 12.7% of users on Polymarket, a decentralized prediction market, have reported profits, as indicated by Layerhub statistics. Among 171,113 wallets analyzed, 87.3% experienced losses, with merely 21,730 showing gains.
Most of the profitable wallets earned less than $100, while a smaller fraction, 2,138 wallets, amassed more than $1,000. The platform has recently surged to handle approximately 10.8 million trades, with daily activities occasionally surpassing 300,000, spurred by global events and the looming U.S. presidential election. As of October 9, the open interest on Polymarket stood at $161.1 million.
Plus Wallet Optimizes Trading with Unmatched Security and Speed
As the cryptocurrency market expands, businesses increasingly require faster payment solutions. Traditional invoicing systems, often slow and costly, can hinder efficiency. Plus Wallet addresses this with a free, easy-to-use invoicing tool that allows companies to quickly issue and receive payments in both USD and various cryptocurrencies without any fees.
The invoicing process is user-friendly: simply customize the invoice, send it, and await payment. Plus Wallet also streamlines other time-intensive activities like presale listings, enabling them to go live in under an hour—much faster than traditional wallets, which can take weeks.
Beyond speed, Plus Wallet prioritizes security. It uses strong encryption to protect users’ assets and stores private keys locally on the user’s device, ensuring exclusive access to funds and data.
Additionally, the wallet supports enhanced security through two-factor authentication, including Face ID and PIN codes. This robust approach to both speed and security makes Plus Wallet a standout choice for traders and businesses looking to succeed in the competitive cryptocurrency market, offering a strategic advantage for those prioritizing swift transactions and solid security.
The Best Crypto Hot Wallet in 2024
Geopolitical challenges have affected earnings for Polymarket users, yet the resilience of the market hints at a potential recovery.
With the growing popularity of cryptocurrency, threats such as those from the TON-based wallet drainer are likely to increase. In this landscape, choosing top-performing crypto hot wallets that enable active market participation while ensuring asset safety is paramount—Plus Wallet stands ready.
Additionally, Plus Wallet’s complimentary invoicing and quick presale setups keep businesses agile, while its robust security features provide crucial protection as market risks escalate.
Explore Plus Wallet:
Website:
Download:
Twitter:
Instagram:
Disclaimer: This sponsored content is not a part of NFTgators’ editorial views and is not an investment advice. Do your due diligence before making any decision.
link