- Bitcoin drops 1.9% to $75,706 with Fear & Greed at 26.
- Ethereum falls 2.8% to $2,353.66 amid DeFi exploit risks.
- XRP declines 3.4% to $0.53, highlighting centralization issues.
Ben McKenzie crypto book Everyone Is Lying To You For Money exposes cryptocurrency scams. Bitcoin dropped 1.9% to $75,706 on October 10, 2024 (CoinGecko). Crypto Fear & Greed Index hit 26, signaling extreme fear (Alternative.me).
Ethereum fell 2.8% to $2,353.66 that day (CoinGecko). XRP dropped 3.4% to $0.53. BNB dipped 1.3% to $571. USDT held at $1.00.
These shifts align with McKenzie's warnings on hype-driven grift.
Ben McKenzie Crypto Book Details Blockchain Software Flaws
Former O.C. and Gotham actor Ben McKenzie now investigates crypto. His book dissects Ethereum smart contract bugs. These flaws caused over $3 billion in DeFi exploits since 2020 (PeckShield 2024 DeFi Security Report).
Pump-and-dump schemes exploit Solana's speed. Chainalysis 2024 Crypto Crime Report logs $1.7 billion in losses.
Retail investors ignore XRP's centralization by Ripple Labs. McKenzie details these risks.
Chainlink oracle failures triggered liquidations. Aave's GitHub audits confirm systemic issues.
Crypto Grift Exposed in McKenzie's Book
BNB Chain token launches create illusory value. Liquidity pools drain fast (DefiLlama TVL data).
McKenzie profiles rug-pulls after IDOs.
Ethereum layer-2s like Optimism mask high fees. Bridge exploits mirror the $100 million Ronin hack.
Bitcoin's 21 million cap contrasts memecoin dilutions on XRP Ledger. Michael Saylor of MicroStrategy promotes the former.
Fear & Greed at 26 echoes 2022 lows. Greed fueled FTX's collapse. Fear now reveals software weaknesses.
Market Volatility Aligns with Ben McKenzie Crypto Book Thesis
AI trading bots front-run Uniswap orders. Dune Analytics tracks MEV extraction.
MetaMask phishing stole $300 million in 2023 (Elliptic reports).
XRP's drop links to EU MiCA rules. Ripple CEO Brad Garlinghouse noted this in a September 2024 CNBC interview.
Social media shills mimic 2021 NFT hype.
BNB dApps show governance token dumps. DefiLlama records 40% TVL drops.
USDT reserves face verification lags (Tether Attest reports).
BlackRock Bitcoin ETFs drew $20 billion since January 2024 (ETF.com).
Coinbase listings spark short pumps and dumps.
Key Scams and Fixes from Ben McKenzie Crypto Book
Flash loan attacks hit Mango Markets. Court documents from Avraham Eisenberg's trial detail millions drained.
Certik audits and Ethereum's Dencun upgrade reduce risks.
SEC Chair Gary Gensler sues Coinbase and Binance. This boosts transparency.
Bitcoin tests $70,000 support at $75,706.
A rally above $80,000 may spark greed. McKenzie urges on-chain checks over hype.
Solidity and Rust advances counter grift (GitHub trends).
Why Investors Need Ben McKenzie Crypto Book Amid Volatility
McKenzie provides verification tools. Check Etherscan contracts, Nansen whale moves, Glassnode health.
Fear at 26 resets 2021 excesses.
DeFi TVL nears $100 billion (DefiLlama). McKenzie's Ben McKenzie crypto book analysis matches BTC's dip and broader risks.
Frequently Asked Questions
What is Ben McKenzie crypto book about?
Ben McKenzie's *Everyone Is Lying To You For Money* exposes scams in cryptocurrency software, including smart contract flaws and hype tactics, backed by real cases.
Why read Ben McKenzie crypto book review now?
BTC trades at $75,706, down 1.9%, with Fear & Greed at 26. McKenzie's scam analysis matches current volatility in DeFi.
How does crypto volatility tie to Ben McKenzie crypto book?
XRP drops 3.4% to $0.53 amid fear. McKenzie connects swings to token schemes and software risks.
What scams does McKenzie cover in his crypto book?
McKenzie details pump-and-dumps on BNB Chain, oracle failures, and Ethereum layer-2 exploits, citing public audits.
