Plus Wallet Leads with Enhanced Security & Efficiency, While TON Wallet Drainer Pivots to Bitcoin & Polymarket Returns Dip

October 12, 2024
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3 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

A TON-based wallet drainer recently ceased operations, citing a shortfall in big-ticket activity in TON, and has now turned its sights on Bitcoin. This past month, such nefarious activities have led to a staggering $46.6 million in losses.

With these escalating threats, the demand for robust wallet solutions has spiked. Enter Plus Wallet—a beacon of security offering lightning-fast transactions and no-cost invoicing capabilities, ideal for both businesses and private users.

Simultaneously, findings show that a mere 12.7% of Polymarket users have recently turned a profit. This underscores the critical need for savvy investment decisions and robust wallets to safeguard assets for significant crypto returns.

TON-Based Wallet Drainer Sets Sights on Bitcoin

The TON-focused wallet drainer has wound down, attributing its failure to a lack of substantial players in its network, as noted by Scam Sniffer on October 7. This entity has now redirected its users towards a new service targeting Bitcoin, hinting that those familiar with the TON platform might find similar opportunities with Bitcoin.

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These phishing scams entice crypto owners to link their wallets to fraudulent services, allowing scammers to drain funds due to insufficient authentication measures. In September, these schemes accounted for approximately $46.6 million in losses, with a single heist depleting over $32 million.

Polymarket Yields Profits for Only 12.7% of Users

Polymarket, a decentralized prediction market, has proven profitable for just 12.7% of its user base, as per Layerhub statistics. Out of 171,113 wallets, 87.3% experienced losses, while only 21,730 recorded profits.

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The majority of profitable wallets gained less than $100, whereas only 2,138 wallets accrued over $1,000. Recently, the platform has witnessed a surge in activity, handling over 10.8 million trades and sometimes exceeding 300,000 daily due to heightened interest in global events and the upcoming U.S. presidential election. As of October 9, Polymarket's open interest stood at $161.1 million.

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Plus Wallet Enhances Trading with Premier Security and Speed

As the cryptocurrency market expands, businesses are in dire need of quicker payment solutions. Traditional billing methods are often slow and costly, impeding business efficiency. Plus Wallet addresses these challenges with its free, straightforward invoicing tool, enabling companies to swiftly issue and collect payments in USD or various cryptocurrencies.

The invoicing process is streamlined: users craft the invoice, dispatch it, and await payment, all at no cost. Plus Wallet also accelerates traditionally slow operations like presale listings. Following a rapid verification step, presales can launch in under an hour—far quicker than conventional wallets, which may take weeks.

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Plus Wallet not only speeds up transactions but also ensures top-level security. It employs robust encryption to secure user assets and stores private keys directly on the user’s device, ensuring exclusive access to their funds and data. The wallet further enhances security with two-factor authentication, incorporating Face ID and PIN codes.

With its dual focus on speed and security, Plus Wallet stands out as the optimal crypto hot wallet for traders and businesses aiming to thrive in the fierce crypto marketplace.

2024's Premier Crypto Hot Wallets

Geopolitical tensions have dented profits for Polymarket users, but the resilience of the market points to a potential rebound.

As cryptocurrency becomes more mainstream, threats like those from the TON-based wallet drainer are set to increase. In such a landscape, selecting top-tier crypto hot wallets that enable active market engagement while safeguarding assets becomes paramount—Plus Wallet rises to this challenge.

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Moreover, Plus Wallet's cost-free invoicing and rapid presale capabilities keep businesses agile, while its rigorous security measures provide essential defense against escalating market risks.

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Explore Plus Wallet:

Website: https://pluswallet.app/

Download: https://onelink.to/pluswalletapp

Twitter: https://x.com/pluswalletapp

Instagram: https://www.instagram.com/pluswallet.app/

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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