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Unveiling the MailerLite Phishing Attack: A Deep Dive into the Crypto Market Breach

The recent phishing attack on email service provider MailerLite has raised significant concerns within the crypto market. The company disclosed to Decrypt that the breach, which occurred when a support team member unwittingly fell victim to a deceptive link and provided their Google credentials, resulted in unauthorized access to MailerLite's internal system. Here are the key points of the incident: Hackers gained access to MailerLite's internal system by executing a password reset for a specific user on the admin panel. They were able to impersonate user accounts, focusing primarily on cryptocurrency-related accounts. A total of 117 accounts were accessed, with some being used to launch phishing campaigns using stolen information. Notable affected accounts included CoinTelegraph, Wallet Connect, Token Terminal, DeFi, and Decrypt. The hackers managed to steal over $580,000, according to ZachXBT, with the funds being sent to a specified address. Web3 security firm Blockai

Bitcoin Surges 12.6% to Reach Highest Value Since May 2021

Bitcoin (BTC), the largest cryptocurrency by market cap, has experienced a significant surge, with a 12.6% increase over the day, reaching over $34,000. This marks the highest value for Bitcoin since May of last year. The surge has resulted in over $310 million in liquidated short positions in the past 24 hours. Additionally, the BTC Fear and Greed Index, which measures sentiment towards Bitcoin, has spiked to 66, indicating a shift towards "Greed" territory. Ethereum (ETH) has also seen a notable upswing, reaching its highest point since August. At present, ETH is trading at $1,830, up 10% over the day.

The total market capitalization of all digital assets has exceeded $1.3 trillion, surging 9.3% and adding more than $100 billion. Bitcoin accounts for over half of this total, as a series of significant events unfolded on Monday, generating optimism about the potential launch of a spot Bitcoin ETF. Grayscale's Bitcoin Trust (GBTC), which provides exposure to Bitcoin through shares, has recently traded at a discount as holders are unable to redeem the underlying assets. However, Grayscale aims to convert the Trust into a full-fledged Bitcoin ETF, and a court ruling against the SEC's initial rejection of the filing has prompted the Commission to review it once again.

Another factor driving the recent surge in Bitcoin's value is the appearance of BlackRock's iShares Bitcoin Trust on Nasdaq's list of traded ETFs. This list is maintained by the world's leading financial clearinghouse. The inclusion of the iShares Bitcoin Trust indicates growing interest in cryptocurrency and highlights the potential for further adoption in traditional financial markets.

In summary, Bitcoin and Ethereum have both experienced significant upswings in value, reaching their highest points in months. The surge in Bitcoin's value has led to the liquidation of short positions and an increase in market capitalization. The potential launch of a spot Bitcoin ETF and the inclusion of BlackRock's iShares Bitcoin Trust on Nasdaq's list of traded ETFs have contributed to the recent optimism surrounding cryptocurrencies.

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