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The Aptos (APT) price broke down from the $5.70 horizontal area in the middle of August. While it made an attempt at reclaiming it on September 25, it was unsuccessful at doing so.
In a dynamic turn of events in the world of cryptocurrencies, Aptos has emerged as a standout performer, rallying by an impressive 10% over the past 24 hours. Meanwhile, Bitcoin, the reigning giant of the crypto sphere, experienced a slight dip of nearly 2% during the same time frame.
In a recent development that raised concerns among crypto enthusiasts, Upbit, a prominent Korean cryptocurrency exchange, temporarily suspended its services due to an influx of counterfeit APT tokens.
A counterfeit token mimicking the genuine Aptos (CRYPTO: APT) token led to a temporary suspension of its services on the Korean exchange Upbit. This was due to some individuals successfully depositing and withdrawing the imitation coin.
Contrary to the recent downturn in the crypto market, the APT price has witnessed a significant inflow since last weekend. The coin price rose for four consecutive days, has recorded a 12% gain, and challenges the long-coming price and timeline.
South Korea's prominent cryptocurrency exchange, Upbit, has recently taken a significant step forward by reinstating Aptos (APT) deposits and withdrawals.
The cryptocurrency market is currently trading down, with the majority of crypto assets suffering losses over the daily timeframe.
Though Upbit quickly moved to halt deposits and withdrawals, that decision came after the fake APT token had already made its way into 400,000 Aptos wallets.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 25, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
In the realm of crafting content, three essential elements demand attention: “complexity,” “variability,” and “surprise factor.
South Korea's leading cryptocurrency exchange, Upbit , is reeling from a colossal security breach that has rattled the global crypto community. This unsettling incident came to light on a fateful Sunday when Upbit's vigilant security systems detected a fraudulent deposit that had infiltrated its platform.
South Korea's largest crypto exchange, Upbit, has resumed deposits and withdrawals of Aptos (APT) tokens after abruptly halting the service due to a security incident.
South Korea's largest exchange Upbit revealed fraudulent activity related to Aptos. APT's price responded with an unexpected price rally.
South Korea's foremost cryptocurrency exchange, Upbit, has encountered a significant setback following the detection of a counterfeit deposit on its platform. A duplicitous group of scammers managed to present a sham coin as the authentic Aptos (APT) token, leading to one of the largest digital currency security breaches in modern history.
The fake APT token, called ClaimAPTGift.com, made its way to over 400,000 Aptos user wallets.
The spot CVD remained in a downtrend and did not support the idea of hefty demand for Aptos and questioned the idea of a rally for the token.
A fake token made to look like the real Aptos caused trouble on the Korean exchange Upbit. It made the APT token stop working for a bit because some people managed to put in the fake coins and take out real ones.
Exchange has resumed operations, but many are left wondering how such an issue will be prevented.
The newly created fake APT token called “ClaimAPTGift.com” made its way to 400,000 Aptos wallets, and users found they were able to deposit and sell it on the exchange.
Upbit, South Korea's largest cryptocurrency exchange has fallen victim to a massive scam involving fake APT tokens
The price of Aptos on the exchange, South Korea's largest, momentarily spiked 35% before crashing down following the bugfix.
On Sept. 24, Upbit reportedly halted the depositing and withdrawal of Aptos (APT) tokens after discovering that some of them were fake.
Upbit, South Korea's foremost cryptocurrency exchange, suspended all withdrawals and deposits of Aptos' native token APT after it was besieged by fraudulent activities involving counterfeit APT tokens on Sept. 24. The interruption of deposit and withdrawal services also affected the deposit return process for the actual APT token and the fraudulent digital asset.
South Korea's largest cryptocurrency exchange, Upbit, is grappling with a major security breach that has sent shockwaves through the cryptocurrency community. This is after the exchange discovered earlier on Sunday, that a fraudulent deposit had been made into its platform, with scammers successfully passing off a fake coin as the legitimate Aptos (APT) token.
