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10 months ago
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ARTICLE AD BOX
The post XRP Co-Founder Loses $112M in XRP to Hackers; Significant Investments Pour into DOT Challenger appeared first on Coinpedia Fintech News
In a startling turn of events, Ripple’s co-founder, Chris Larsen, suffered a significant loss as hackers stole approximately $112 million in XRP from his personal wallets. This incident not only raises concerns about digital asset security but also shifts focus to secure platforms like InQubeta, a Polkadot challenger, which is seeing a significant influx of investment in its cryptocurrency ICO phase.
The XRP Fiasco: Highlighting the Need for Enhanced Security
Chris Larsen, the co-founder of Ripple, got the shock of his life when XRP worth over $100 million was stolen from his wallet. He was pretty swift to take action in getting the accounts frozen and involving law enforcement. This incident serves as a reminder of the vulnerability of digital assets, regardless of the stature of the holder. When XRP founders can be robbed, then retail has all the more reason to worry.
InQubeta: A Safer Haven for Crypto Investments
In today’s world, where security is a big deal, InQubeta is stepping up as a safe and promising option. It’s a blockchain platform that focuses on AI technology investments and has a pretty unique thing going on. Here’s how it works: you can make fractional investments in AI startups by trading popular NFTs, which represent either a share in the company or some special perks. All of this runs using their QUBE token.
But InQubeta isn’t just about investing; it’s about building a secure, reliable place for these transactions. They’ve gone the extra mile to make sure everything’s tight and secure. Their smart contract has been checked out by Hacken, so you know it’s solid. Plus, they’ve been KYC verified by BlockAudit. In a time when even top altcoins face security threats, this kind of safety net is very important.
Central to InQubeta’s ecosystem is the QUBE token, an ERC20 coin with deflationary mechanics. A portion of each transaction is allocated to a burn wallet and a reward pool, incentivizing long-term holding and participation. The success of InQubeta’s presale, with over $8.6 million raised, is a testament to the confidence investors have in its unique model and long-term potential.
InQubeta is setting its sights high with an ambitious plan for the future. They’re planning to roll out an NFT marketplace, launch an InQubeta swap, and even start up their own InQubeta DAO. And that’s not all – they’re aiming to expand across different blockchain networks by 2024. This shows how committed InQubeta is to pushing the envelope, constantly innovating and expanding its influence in both the blockchain and AI worlds.
Conclusion
In the crypto world, where security issues are a big deal, as shown by the recent Ripple incident, InQubeta emerges as a secure and innovative option for investors. What sets InQubeta apart is its unique way of investing in AI startups, and it’s really serious about security. For those seeking the best crypto investment that’s safe, forward-thinking, and has long-term potential, InQubeta might be a great pick. Always do your research before investing!
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