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$CORE (CORE DAO) Price Dips as Server is Hacked with Phishing Link

The CORE (CORE DAO) token has been struggling to maintain its bullish momentum since its release two months ago. Unfortunately, the token’s price has taken another hit, declining marginally across exchanges after the project’s server was hacked with a phishing link.

This recent development has caused investors to lose confidence in the project, and the idea of a bull market seems to be long gone. According to CoinMarketCap, the current price of CORE is $1.50, representing a 0.95% decline.

A screenshot of the CORE price on CoinMarketCap

Phishing attacks are a type of cybercrime where hackers trick people into divulging sensitive information such as passwords and financial data. In this case, the hackers targeted the CORE project’s server, possibly to steal investor data or tokens.

The CORE project team has yet to release a statement on the issue, but investors are eagerly waiting to hear what measures the team will take to address the security breach. Until then, the project’s future remains uncertain, and investors are advised to exercise caution when dealing with CORE tokens.

This incident highlights the importance of security in the blockchain industry. As the industry continues to grow and attract more investors, security breaches such as this one may become more frequent. It is crucial for blockchain projects to implement robust security measures to protect their investors’ assets and data.

The recent decline in the CORE token’s price is yet another setback for the project, which has been struggling to gain traction in the bearish market. The security breach only compounds the project’s challenges, and investors are watching closely to see how the project team will respond.


Written by T.I Ukende

T.I Ukende is a professional writer and ICT consultant. He has written many evergreen articles for Benuecast blog, classicgist, ellabase and many others before birthing the newsway blog.
Newsway delivers well researched and undiluted information on business, employment opportunities, personal finance and government empowerments.

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