CryptoAmid Global Expansion, Strike Investigates Potential Security Breach

Amid Global Expansion, Strike Investigates Potential Security Breach

The bitcoin transaction app Strike is currently investigating claims of a potential security breach, although no concrete evidence has been found yet. The investigation was sparked by discussions on ZachXBT’s Telegram channel, where users such as @bitcoin_eagle reported receiving suspicious scam emails linked exclusively to Strike.

The allegations surfaced in the wake of Strike’s significant expansion of operations in May. The app initially served markets in the United States, Argentina, and El Salvador, and has since expanded its reach. Founded in 2020 by Jack Mallers, Strike leverages the Lightning Network to provide instant bitcoin transactions to its user base.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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