#zipcoin
zipcoin
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The Vitalik-narrative meme coin Zipcoin has announced it is shutting down. Wallets associated with the project hold 2.2% of the total token supply and are about to dump.
The team says 1.1% of the tokens were stolen in October, and that the code repository was later breached and all the keys were lost. After struggling for 12 hours with no solution, they had to shut down.
Meme coins that have lost all their keys face an extreme risk of going to zero. $ETH are all down more than 3%. Don’t buy the dip, and block anyone urging you to catch the falling knife.
If you want to practice, join Binance Spot Trading Tournament Season 8 and stick to compliant assets. Stay away from this kind of worthless token that could go to zero at any moment.
Would anyone still dare to buy the dip on this kind of Vitalik-endorsed meme coin? Type 1 if you’d take the risk, or 2 if you’d stay far away.
#Write2Earn #BinanceSquare #Zipcoin MemeCoin #TradingTournament
The Vitalik-narrative meme coin Zipcoin has announced it is shutting down. Wallets associated with the project hold 2.2% of the total token supply and are about to dump.
The team says 1.1% of the tokens were stolen in October, and that the code repository was later breached and all the keys were lost. After struggling for 12 hours with no solution, they had to shut down.
Meme coins that have lost all their keys face an extreme risk of going to zero. $ETH are all down more than 3%. Don’t buy the dip, and block anyone urging you to catch the falling knife.
If you want to practice, join Binance Spot Trading Tournament Season 8 and stick to compliant assets. Stay away from this kind of worthless token that could go to zero at any moment.
Would anyone still dare to buy the dip on this kind of Vitalik-endorsed meme coin? Type 1 if you’d take the risk, or 2 if you’d stay far away.
#Write2Earn #BinanceSquare #Zipcoin MemeCoin #TradingTournament
The team says 1.1% of the tokens were stolen in October, and that the code repository was later breached and all the keys were lost. After struggling for 12 hours with no solution, they had to shut down.
Meme coins that have lost all their keys face an extreme risk of going to zero. $ETH are all down more than 3%. Don’t buy the dip, and block anyone urging you to catch the falling knife.
If you want to practice, join Binance Spot Trading Tournament Season 8 and stick to compliant assets. Stay away from this kind of worthless token that could go to zero at any moment.
Would anyone still dare to buy the dip on this kind of Vitalik-endorsed meme coin? Type 1 if you’d take the risk, or 2 if you’d stay far away.
#Write2Earn #BinanceSquare #Zipcoin MemeCoin #TradingTournament
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🚨 Zipcoin announced it is ceasing operations, and $ZC plunged 89% in 24 hours, leaving a market cap of just $280,000.
On October 21, the project’s code repository was compromised, exposing private keys and credentials and allowing attackers to take control of the project’s wallets. Despite the team’s attempts to migrate and replace the credentials, it was unable to ensure secure operations.
The affected wallets currently hold 2.2% of the total supply. The team will give holders a 6-hour window to sell. The remaining holdings will be sold and the funds consolidated at 00:00 Beijing time on October 23 to prevent the attackers from moving the assets.
Zipcoin was also affected by the UNCX security incident on October 15.
#Zipcoin #ZC #SecurityIncident
🚨 Zipcoin announced it is ceasing operations, and $ZC plunged 89% in 24 hours, leaving a market cap of just $280,000.
On October 21, the project’s code repository was compromised, exposing private keys and credentials and allowing attackers to take control of the project’s wallets. Despite the team’s attempts to migrate and replace the credentials, it was unable to ensure secure operations.
The affected wallets currently hold 2.2% of the total supply. The team will give holders a 6-hour window to sell. The remaining holdings will be sold and the funds consolidated at 00:00 Beijing time on October 23 to prevent the attackers from moving the assets.
Zipcoin was also affected by the UNCX security incident on October 15.
#Zipcoin #ZC #SecurityIncident
On October 21, the project’s code repository was compromised, exposing private keys and credentials and allowing attackers to take control of the project’s wallets. Despite the team’s attempts to migrate and replace the credentials, it was unable to ensure secure operations.
The affected wallets currently hold 2.2% of the total supply. The team will give holders a 6-hour window to sell. The remaining holdings will be sold and the funds consolidated at 00:00 Beijing time on October 23 to prevent the attackers from moving the assets.
Zipcoin was also affected by the UNCX security incident on October 15.
#Zipcoin #ZC #SecurityIncident
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🚨 Emergency notice: Zipcoin announces it is shutting down. $ZC plunged more than 89% in 24 hours, leaving it with a market cap of just $280,000.
The team said its code repository was hacked on October 21, exposing private keys and credentials. The attackers have taken control of the project’s wallet. Although the team tried migrating and rotating credentials, it still could not ensure secure operations.
The affected wallets currently hold 2.2% of the total supply. Holders will be given a 6-hour window to sell. At 00:00 Beijing time on October 23, the remaining holdings will be sold and the funds consolidated to prevent the attackers from transferring the assets.
Zipcoin was also affected by the UNCX security incident on October 15.
#Zipcoin #ZC #SecurityIncident
🚨 Emergency notice: Zipcoin announces it is shutting down. $ZC plunged more than 89% in 24 hours, leaving it with a market cap of just $280,000.
The team said its code repository was hacked on October 21, exposing private keys and credentials. The attackers have taken control of the project’s wallet. Although the team tried migrating and rotating credentials, it still could not ensure secure operations.
The affected wallets currently hold 2.2% of the total supply. Holders will be given a 6-hour window to sell. At 00:00 Beijing time on October 23, the remaining holdings will be sold and the funds consolidated to prevent the attackers from transferring the assets.
Zipcoin was also affected by the UNCX security incident on October 15.
#Zipcoin #ZC #SecurityIncident
The team said its code repository was hacked on October 21, exposing private keys and credentials. The attackers have taken control of the project’s wallet. Although the team tried migrating and rotating credentials, it still could not ensure secure operations.
The affected wallets currently hold 2.2% of the total supply. Holders will be given a 6-hour window to sell. At 00:00 Beijing time on October 23, the remaining holdings will be sold and the funds consolidated to prevent the attackers from transferring the assets.
Zipcoin was also affected by the UNCX security incident on October 15.
#Zipcoin #ZC #SecurityIncident
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Article
Zipcoin Shuts Down a Month After Launch as Codebase Is Fully Compromised Following Two TheftsA project that had been live for less than a month and briefly reached a market cap of around $40 million has shut down without warning. On October 22, Ethereum-based Zipcoin announced it was shutting down immediately, saying the team could no longer vouch for the security of its own code. It was the second incident in a week.
The sequence of events was not complicated. On October 21, the team discovered that its codebase had been fully compromised, delivering the final blow to the project. Earlier, on October 15, an incident involving UNCX had drained 1.1% of ZC’s total supply. ZC’s total supply is fixed at 1 billion tokens, so 1.1% amounts to around 11 million tokens. The stolen tokens were subsequently dumped on the open market. More notable was how the incident was disclosed: the team had quietly bought back the stolen tokens afterward, but only revealed this in its shutdown announcement. Holders had not been informed beforehand.
Zipcoin Shuts Down a Month After Launch as Codebase Is Fully Compromised Following Two Thefts
A project that had been live for less than a month and briefly reached a market cap of around $40 million has shut down without warning. On October 22, Ethereum-based Zipcoin announced it was shutting down immediately, saying the team could no longer vouch for the security of its own code. It was the second incident in a week.
The sequence of events was not complicated. On October 21, the team discovered that its codebase had been fully compromised, delivering the final blow to the project. Earlier, on October 15, an incident involving UNCX had drained 1.1% of ZC’s total supply. ZC’s total supply is fixed at 1 billion tokens, so 1.1% amounts to around 11 million tokens. The stolen tokens were subsequently dumped on the open market. More notable was how the incident was disclosed: the team had quietly bought back the stolen tokens afterward, but only revealed this in its shutdown announcement. Holders had not been informed beforehand.
The sequence of events was not complicated. On October 21, the team discovered that its codebase had been fully compromised, delivering the final blow to the project. Earlier, on October 15, an incident involving UNCX had drained 1.1% of ZC’s total supply. ZC’s total supply is fixed at 1 billion tokens, so 1.1% amounts to around 11 million tokens. The stolen tokens were subsequently dumped on the open market. More notable was how the incident was disclosed: the team had quietly bought back the stolen tokens afterward, but only revealed this in its shutdown announcement. Holders had not been informed beforehand.
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⏳ The project team gives you a 6-hour window to get out? The Zipcoin shutdown is worth a look for anyone chasing degen coins
Today, the team behind Zipcoin ($ZC), a meme project on Ethereum, posted an official shutdown notice. Here’s roughly how things unfolded:
🔹 October 15: The UNCX lockup contract incident affected ZC, and hackers drained about 1.1% of its supply. Other tokens hit in the same incident included $pepecoin and $EDGEN. The team says they quietly bought back the tokens to make up for the loss at the time.
🔹 October 21: A security alert from the Railway platform led the team to discover that their entire codebase, along with its keys, had been leaked. Their recovery attempts failed, and they concluded it was no longer possible to operate securely.
🔹 Now: The team still holds about 2.2% of the supply in its wallet. They’ve given holders a 6-hour window to sell, after which they’ll liquidate those tokens at 12 p.m. Eastern Time.
Meanwhile, launch platform Stockereum also issued a public statement. It says that shortly after ending its 10% fee-sharing arrangement with ZC, the team blocked them on X and deleted their Telegram account. They haven’t been able to reach the team privately, so they’ve had to call them out publicly and demand the return of the 12.66 ETH the platform provided.
My take:
Outsiders can’t determine right now whether the hack is real. But the “announce it first, then dump” process itself puts retail traders on a countdown. Six hours sounds like plenty of time, but when the moment comes, liquidity is limited. Whoever gets out first gets the price.
One more thing to keep in mind: People in the comments are already saying, “The other contract is the OG version of ZC; this project won’t die.” A coin with the same name, a new contract, and another story to tell is often the start of a second round of dumping on buyers. Don’t go by the name—check the contract address and who’s actually behind the project.
This is another reminder that a contract audit is only one layer of security. If anything goes wrong with the team’s code repository, deployment keys, or a third-party lockup service, the token price can go to zero overnight.
Have you ever seen a project team announce a dump in advance? Did you get out first, or bet that they wouldn’t dump?
#Zipcoin #Meme币 #安全事件 #DYOR
⏳ The project team gives you a 6-hour window to get out? The Zipcoin shutdown is worth a look for anyone chasing degen coins
Today, the team behind Zipcoin ($ZC), a meme project on Ethereum, posted an official shutdown notice. Here’s roughly how things unfolded:
🔹 October 15: The UNCX lockup contract incident affected ZC, and hackers drained about 1.1% of its supply. Other tokens hit in the same incident included $pepecoin and $EDGEN. The team says they quietly bought back the tokens to make up for the loss at the time.
🔹 October 21: A security alert from the Railway platform led the team to discover that their entire codebase, along with its keys, had been leaked. Their recovery attempts failed, and they concluded it was no longer possible to operate securely.
🔹 Now: The team still holds about 2.2% of the supply in its wallet. They’ve given holders a 6-hour window to sell, after which they’ll liquidate those tokens at 12 p.m. Eastern Time.
Meanwhile, launch platform Stockereum also issued a public statement. It says that shortly after ending its 10% fee-sharing arrangement with ZC, the team blocked them on X and deleted their Telegram account. They haven’t been able to reach the team privately, so they’ve had to call them out publicly and demand the return of the 12.66 ETH the platform provided.
My take:
Outsiders can’t determine right now whether the hack is real. But the “announce it first, then dump” process itself puts retail traders on a countdown. Six hours sounds like plenty of time, but when the moment comes, liquidity is limited. Whoever gets out first gets the price.
One more thing to keep in mind: People in the comments are already saying, “The other contract is the OG version of ZC; this project won’t die.” A coin with the same name, a new contract, and another story to tell is often the start of a second round of dumping on buyers. Don’t go by the name—check the contract address and who’s actually behind the project.
This is another reminder that a contract audit is only one layer of security. If anything goes wrong with the team’s code repository, deployment keys, or a third-party lockup service, the token price can go to zero overnight.
Have you ever seen a project team announce a dump in advance? Did you get out first, or bet that they wouldn’t dump?
#Zipcoin #Meme币 #安全事件 #DYOR
Today, the team behind Zipcoin ($ZC), a meme project on Ethereum, posted an official shutdown notice. Here’s roughly how things unfolded:
🔹 October 15: The UNCX lockup contract incident affected ZC, and hackers drained about 1.1% of its supply. Other tokens hit in the same incident included $pepecoin and $EDGEN. The team says they quietly bought back the tokens to make up for the loss at the time.
🔹 October 21: A security alert from the Railway platform led the team to discover that their entire codebase, along with its keys, had been leaked. Their recovery attempts failed, and they concluded it was no longer possible to operate securely.
🔹 Now: The team still holds about 2.2% of the supply in its wallet. They’ve given holders a 6-hour window to sell, after which they’ll liquidate those tokens at 12 p.m. Eastern Time.
Meanwhile, launch platform Stockereum also issued a public statement. It says that shortly after ending its 10% fee-sharing arrangement with ZC, the team blocked them on X and deleted their Telegram account. They haven’t been able to reach the team privately, so they’ve had to call them out publicly and demand the return of the 12.66 ETH the platform provided.
My take:
Outsiders can’t determine right now whether the hack is real. But the “announce it first, then dump” process itself puts retail traders on a countdown. Six hours sounds like plenty of time, but when the moment comes, liquidity is limited. Whoever gets out first gets the price.
One more thing to keep in mind: People in the comments are already saying, “The other contract is the OG version of ZC; this project won’t die.” A coin with the same name, a new contract, and another story to tell is often the start of a second round of dumping on buyers. Don’t go by the name—check the contract address and who’s actually behind the project.
This is another reminder that a contract audit is only one layer of security. If anything goes wrong with the team’s code repository, deployment keys, or a third-party lockup service, the token price can go to zero overnight.
Have you ever seen a project team announce a dump in advance? Did you get out first, or bet that they wouldn’t dump?
#Zipcoin #Meme币 #安全事件 #DYOR
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How many times is the pass from 247u -> 318.014u for you guys?
This guy is insane as hell—he averages #zipcoin times from Mcap 7k lmao
- Only 2 buy orders: 149u at 6k2 cap and 99u at 8k9 cap => The rest is full sell orders @@
Step aside—this Fomo app sometimes has a nose for detecting a few…
How many times is the pass from 247u -> 318.014u for you guys?
This guy is insane as hell—he averages #zipcoin times from Mcap 7k lmao
- Only 2 buy orders: 149u at 6k2 cap and 99u at 8k9 cap => The rest is full sell orders @@
Step aside—this Fomo app sometimes has a nose for detecting a few…
This guy is insane as hell—he averages #zipcoin times from Mcap 7k lmao
- Only 2 buy orders: 149u at 6k2 cap and 99u at 8k9 cap => The rest is full sell orders @@
Step aside—this Fomo app sometimes has a nose for detecting a few…
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