Binance Warns of Rising Cyber Threats Amid Bitcoin’s Surge to $121K

As Bitcoin and altcoins continue their upward trajectory, with Bitcoin notably reaching $121,401, the cryptocurrency market faces escalating risks from sophisticated cyber threats. North Korea has emerged as a hub for state-sponsored cyber fraud, with hacking being cultivated as a prestigious profession. This alarming trend underscores the need for heightened security measures in the crypto industry, particularly on platforms like Binance, which remain vigilant against such threats.

North Korea’s Hacker Surge Alarms Crypto Industry

Bitcoin and altcoins continue their upward trajectory, with Bitcoin notably reaching $121,401. However, this growth is shadowed by escalating risks as advancing technology enables more sophisticated cyber threats. The cryptocurrency market's expansion is paralleled by a growing network of fraudsters, with North Korea emerging as a hub for state-sponsored cyber fraud.

North Korea has cultivated hacking as a prestigious profession, incentivized by the state to support its nuclear ambitions. From a young age, citizens are groomed to view cybercrime as a viable career path, creating a uniquely dangerous ecosystem of state-backed hackers.

Binance’s Chief Security Officer, Jimmy Su, warns of daily fraudulent resumes from North Korean operatives, identifying them as the primary threat to crypto companies. The exchange's security team remains on high alert as these attackers grow increasingly sophisticated.

Pepeto Presale Surges to $6M Amid Memecoin Hype, Drawing SHIB Comparisons

Pepeto (PEPETO), a new memecoin project blending viral appeal with blockchain utility, has raised over $6 million in its presale phase. Priced at $0.000000146 per token, the project has galvanized a community of 100,000+ supporters and is in advanced talks for listings on top-tier exchanges like Binance.

Unlike shiba inu (SHIB), which relied purely on community momentum during its 2021 breakout, Pepeto launches with built-in infrastructure including PepetoSwap (a zero-fee DEX) and a cross-chain bridge—addressing liquidity fragmentation and high fees that plague meme tokens.

The project’s early traction echoes SHIB’s trajectory, with speculators eyeing potential for exponential gains. Market observers note Pepeto’s hybrid model of HYPE and utility could redefine memecoin viability ahead of the 2025 cycle.