Tag Archives: users

CZ Joins Crypto Users Mocking Fake Web3 Job Scams

CZ Joins Crypto Users Mocking Fake Web3 Job Scams

Binance co-founder Changpeng Zhao joined a number of crypto users mocking fake Web3 job offers after scammers increasingly used LinkedIn, Telegram, and fake GitHub projects to target developers and traders.

The joke spreading across X followed a familiar scam pattern where recruiters offer massive crypto salaries before asking victims to install “verification software” during fake interviews.

CZ reacted to a viral joke post by investor Anndy Lian claiming he had been hired as the CEO of a crypto unicorn project for $44,000 a month after installing “verification software” during a Zoom interview. The punchline was the impossible start date: June 31. CZ said many people still fall for similar “crypto interview hacking” scams on LinkedIn and Telegram.

The post quickly spread across crypto Twitter as traders and developers used sarcasm to highlight how common the scam has become.

Fake Recruiters Target Crypto Users

Other users joked about receiving $54,000-a-month community lead roles or being told to connect wallets and share passwords for “verification.”

One viral post sarcastically claimed official crypto teams would “always DM you first” and may need passwords to confirm identity.

Behind the jokes is a growing security issue across the crypto industry. Attackers have increasingly used fake job interviews to distribute malware, wallet drainers, remote access tools, and credential stealers.

Targets are often developers, traders, or employees already working in blockchain companies because attackers assume they are more likely to hold crypto assets or access credentials.

Many scams begin through LinkedIn or Telegram before moving victims toward GitHub repositories, fake software downloads, or malicious wallet connection requests.

 

 

Fake GitHub Repositories Become a Common Trap

Warnings about fake crypto interview repositories have circulated for months across Reddit and security forums.

One Reddit user working in the blockchain sector described receiving multiple suspicious interview requests offering extremely high pay rates. According to the post, recruiters repeatedly pushed candidates to download GitHub-hosted projects and run them locally.

Other developers responded by warning that many of those repositories contain malware payloads hidden inside scripts or fake applications. Some users advised running unknown projects only inside virtual machines or isolated Docker containers.

https://coinedition.com/cz-joins-crypto-users-mocking-fake-web3-job-scams/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Will Aave Users Get Their Money Back? One Analyst Has a Plan for Kelp’s $230M Debt

Will Aave Users Get Their Money Back? One Analyst Has a Plan for Kelp’s $230M Debt

Aave is sitting on up to $230 million in bad debt from the Kelp DAO exploit. The Umbrella safety reserve holds $80 to $100 million, according to analyst estimates. That gap has to come from somewhere, and right now, the options on the table are ugly for everyone involved.

Depositors could take a haircut. stkAAVE stakers could get slashed. Or Kelp DAO could collapse entirely trying to absorb the loss at once.

How do users get their money back?

The Official Plan: Umbrella, Treasury and Unnamed Commitments

Aave’s own service providers are already moving. A formal incident report published on the Aave governance forum on April 20 confirmed the DAO treasury holds $181 million and that indicative commitments from unnamed ecosystem participants are already in place to address the shortfall.

The Umbrella safety reserve, Aave’s built-in backstop, may also be deployed, though it holds an estimated $80 to $100 million, leaving a potential gap if bad debt reaches the worst-case $230 million scenario.

If Umbrella falls short, the next layer is stkAAVE stakers – users who locked their tokens as a protocol backstop and could face slashing to cover residual losses.

Intergovernmental blockchain advisor and analyst Anndy Lian thinks there is a better way.

The Idea: Finance the Debt, Don’t Detonate It

Lian’s proposal centres on a Recovery Token he calls $kRecovery. Instead of forcing an immediate writedown, Kelp DAO would issue $kRecovery to Aave as a structured debt instrument – essentially a promise to repay backed by future protocol revenue.

“Instead of a permanent haircut, Kelp DAO could issue a Recovery Token or Debt IOUs to Aave to cover the $123M–$230M gap,” Lian wrote. “Aave users are made whole over time, and Kelp DAO avoids a total collapse of its token price by financing the debt rather than realizing it all at once.”

Three Ways Kelp Could Actually Pay This Back

This is where the proposal gets specific and credible.

First, Kelp DAO could mint new KELP governance tokens to buy back $kRecovery. It dilutes existing holders but compresses the repayment timeline from decades to one to two years. Lian calls it a “bail-in by the DAO’s shareholders.”

Second, the Arbitrum Security Council has already recovered $71 million. Every dollar recovered accelerates repayment.

Third, and most interesting, is KUSD, Kelp’s stablecoin targeting a 9% yield from institutional finance. If KUSD scales to $500 million in TVL, annual revenue jumps from $4 million to over $20 million. At that rate, even the worst-case $230 million debt clears in under five years from protocol earnings alone.

Why This Matters Beyond Kelp

Lian closes simply: “I have suggested this because I do not want to see retail users get hurt.”

If it works, this is not just a Kelp solution. It is a DeFi precedent – a structured recovery path that keeps protocols alive and users whole instead of choosing who takes the loss.

DeFi has needed that playbook for a long time.

 

Source: https://coinpedia.org/news/will-aave-users-get-their-money-back-one-analyst-has-a-plan-for-kelps-230m-debt/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Anndy Lian urges crypto users to adopt cold wallets

Anndy Lian urges crypto users to adopt cold wallets

Anndy Lian, a recognized figure in the cryptocurrency industry, emphasizes the importance of using cold wallets to ensure security.

He suggests that crypto investors should store their digital assets in air-gapped hardware wallets such as Trezor and Ledger rather than keeping significant funds in hot wallets or on exchanges. Lian also highlights the necessity of enabling a strong passphrase for added security, advising users to create a hidden wallet within these hardware devices. The approach aims to protect cryptocurrency holdings from potential online threats and unauthorized access, offering a robust defense strategy to stay safe in the crypto world.

 

 

Lian’s emphasis on robust security measures in crypto management aligns with his broader advocacy for industry innovation and accountability. His prior commentary on the financial motives driving increased crypto exchange listings highlights the need for integrity alongside advancement. Additionally, his distinctive perspective on the intersection of personal branding and the digital asset sphere emerged in his discussion of fashion parallels with Tom Lee, underlining the multifaceted nature of the crypto sector.

 

 

Source: https://tradersunion.com/news/market-voices/show/532992-cold-wallet-advice/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j