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Human-Targeted Attacks Are Now Web3’s Most Dangerous Threat, Report Finds

21 November 2025 at 04:00

A recent report by Kerberus, a Web3 security firm, suggests that human behavior is now the primary risk in Web3.

BeInCrypto spoke with the firm’s CEO, Alex Katz, and CTO, Danor Cohen, to understand why users continue to fall victim to attacks and what they can do to better protect themselves.

Human Error Drives Major Web3 Losses, Kerberus Report Finds 

In its latest report titled “The Human Factor – Real-Time Protection Is the Unsung Layer of Web3 Cybersecurity (2025),” Kerberus revealed that human-focused attacks were the most structurally dangerous vector in Web3.

The report cites data showing that a significant share of industry losses stems from user mistakes. Roughly 44% of crypto thefts in 2024 resulted from the mismanagement of private keys. Another research indicates that human error is involved in approximately 60% of security breaches.

With 820 million active wallets in 2025, the threat landscape is expanding quickly, and everyone remains at risk. Katz told BeInCrypto that bad actors are targeting both newcomers and experienced users, but for very different reasons.

“New users are attractive because they don’t yet understand what ‘normal’ Web3 behavior looks like,” he said

Interestingly, the executive noted that long-time users are becoming increasingly higher-value targets compared to newcomers. According to him, 

“Veteran users interact with far more dApps, sign more transactions, and move larger amounts. That means a single moment of complacency can do far more damage. So the group most at risk today is anyone who assumes they’re not at risk.” 

Cohen added that one of the biggest misconceptions in Web3 is the belief that security failures stem from users not understanding the technology. His analysis points in the opposite direction. People are getting hacked because the system places an unrealistic burden on them.

“Users think, ‘I’m too smart to get drained, I know how wallets work – I’m safe.’ But the threat landscape changes faster than users do. Attackers aren’t trying to outsmart your wallet; they’re trying to outsmart you. And they’re extremely good at it.  What people misunderstand is that Web3 puts an enormous cognitive burden on the individual. Users shouldn’t have to decipher technical signals to stay safe – security must work for them automatically,” he mentioned.

Why Even Smart Web3 Users Keep Getting Drained in 2025

These human-driven risk persists despite record spending on security in 2025. Kerberus’ report stated that crypto-related services and investors lost over $3.1 billion to hacks and scams in the first half of the year. This is already more than the total for all of 2024. 

That number includes the historic Bybit breach. Excluding this, human-targeted attacks such as phishing and social engineering still accounted for $600 million. This represented 37% of the remaining $1.64 billion in losses.

The report noted that these attacks scale with growing adoption and bypass technical defenses entirely. This makes it difficult for traditional security models to prevent them.

While companies invest heavily in audits, monitoring, and code reviews, attackers increasingly exploit users directly at the transaction level. But what makes humans so vulnerable to these attacks?

“Humans are vulnerable because every scam is designed to exploit natural psychological shortcuts — urgency, authority, familiarity, fear of missing out, or comfort with routine. These are not flaws; they’re the same instincts that allow us to function in everyday life. Technology alone can’t change human psychology, but it can catch the moment when psychology is being weaponized,” Cohen detailed. 

He emphasized that the strongest form of protection isn’t relying on users to avoid mistakes through education alone, but rather stopping harmful actions in real-time before damage occurs. 

“That’s why real-time detection matters so much. If you can warn a user at the exact moment their trust is being manipulated, you can stop most losses before they occur,” Cohen added.

The executive noted that it’s unrealistic to expect an everyday user to distinguish between a malicious dApp, an airdrop, or a mint page. Modern fraudulent platforms often closely mirror legitimate ones. This makes them nearly indistinguishable.

He added that users can click phishing links repeatedly. They don’t do so out of carelessness, but because the attacks are intentionally crafted to deceive.

Even real-time warnings can sometimes appear to be false positives, highlighting the advanced nature of these scams.

“Users shouldn’t be expected to perform forensic checks. The burden has to shift to tools that analyze intent and behavior in real time,” Cohen suggested.

The report also states that these attacks exploit moments when users are least able to assess threats. It may happen when someone checks their wallet while distracted at work, reacts to an urgent message claiming their account will be frozen, or approves a transaction at the end of a long day when they’re exhausted.

According to the findings, the industry’s response has largely been to add more warnings and verification steps. But this approach often backfires due to “security fatigue.” As users become accustomed to constant alerts—many of which are false alarms that simply slow them down—their ability to make careful decisions diminishes under the continuous cognitive pressure.

3 Actions Users Can Take to Stay Safer in Web3

To reduce real-world losses, Katz disclosed three practices users can adopt. He advised users to:

  • Pause before signing: Most compromises occur in under ten seconds. Taking even a brief moment to read the prompt or confirm whether the request aligns with the intended action can prevent a large share of successful attacks.
  • Separate high-value assets from everyday activity: Using multiple wallets remains one of the most effective safeguards. He suggested that users should keep their long-term holdings in a cold or low-touch wallet and use a separate wallet for exploration, mints, and dApps. This compartmentalization limits potential damage.
  • Rely on real-time transaction protection: Because many threats involve social engineering rather than technical exploits, users benefit from tools that interpret on-chain actions before they’re finalized. This single layer of defense blocks many of the more advanced scams.

The intention, he stressed, is not to turn users into security experts, but to build guardrails that prevent mistakes from turning into financial losses.

The post Human-Targeted Attacks Are Now Web3’s Most Dangerous Threat, Report Finds appeared first on BeInCrypto.

DePIN’s Silent Struggle: Why One of Crypto’s Most Useful Sectors Lacks Market Attention

18 November 2025 at 09:00

This year, the crypto market has seen a revival of older tokens as utility-based narratives gained renewed traction. Despite this momentum, DePIN has struggled to keep pace, slipping out of the spotlight.

BeInCrypto spoke with several experts to understand why one of crypto’s most fundamentally useful sectors still can’t capture sustained market attention, and what might come next for it.

Understanding DePIN

DePIN, short for Decentralized Physical Infrastructure Networks, refers to blockchain-based systems that coordinate, fund, and operate real-world infrastructure through decentralized incentives. 

Instead of relying on traditional companies to build networks like wireless coverage, storage, sensors, or energy grids, DePIN distributes the work across individuals and small operators who contribute hardware and earn tokens in return. 

This model reduces upfront costs, expands global access, and unlocks previously difficult-to-scale infrastructure. By aligning incentives with actual demand, DePIN aims to build more resilient and efficient systems. 

Why is DePIN Still Struggling in 2025?

Nonetheless, the space has continued to face challenges. According to Artemis data, it ranks among the top 10 worst-performing sectors this year. The DePIN market has declined by over 74% in 2025.

Crypto Sectors’ Performance.
Crypto Sectors’ Performance. Source: Artemis

But why is this happening? Sami Kassab, Managing Partner at Unsupervised Capital, told BeInCrypto that the weakness across the altcoin market has naturally affected DePIN as well. 

According to him, macro conditions explain part of the sector’s slowdown, but not all of it. The deeper issue, he said, is that there has not been a “breakout DePIN yet.”

“The other side of the coin is that DePINs are building real infrastructure and real businesses. That takes a long time, which the crypto market isn’t wired for. Investors are used to fast-moving narratives and overnight successes,” Kassab added.

Leo Fan, Co-Founder of Cysic, revealed that DePIN’s main obstacle is the mismatch between infrastructure build cycles and the crypto market’s short attention span. While non-fungible tokens (NFTs), meme coins, and major altcoins thrive on culture, identity, and hype, DePIN functions as an infrastructure layer that most users struggle to connect with emotionally. 

Its value grows quietly through hardware deployments and real compute capacity — progress that isn’t immediately visible or profitable. Fan noted that,

“Most investors still view token value as the only metric for success, which does not apply to infrastructure systems. DePIN networks create tangible value through services like compute power and data delivery. Their performance is measured by usage, speed and reliability, rather than short-term volatility. Because this model does not mirror traditional crypto dynamics, it remains outside the comfort zone of most market participants.” 

Maria Carola, CEO of StealthEx, shared a similar outlook. She stated that most investors remain drawn to assets they can quickly trade rather than sectors that require deeper understanding.

“Within crypto cycles, speculation will always dominate, and DePIN’s complex approach doesn’t help its position either. Most of the investors never fully grasp how token incentives drive data collection, storage, or connectivity, and how that translates into revenue. If we’re talking about traditional markets, the infrastructure side is always the least glamorous, yet it’s still the most essential. DePIN is the crypto’s version of that,” she mentioned to BeInCrypto.

However, Vinayak Kurup, Investment and Research Partner at Escape Velocity Crypto (EV3), pointed out that DePIN’s slowdown isn’t just about market perception — it’s the difficulty of building real-world networks that require hardware, manufacturing, and physical deployment. 

“They are often compared directly to existing large-scale network providers; the challenge for DePIN operators is to provide a comparably reliable and simple user-experience for a fraction of the capital while operating within sectors where user stickiness is high. Combined, these factors dampen the DePIN mindshare,” Kurup highlighted.

Usage Surges, Prices Sink: Experts Explain DePIN’s Widening Fundamentals Gap

Despite the sector’s underperformance, usage metrics are painting a different picture. Fees surged to a record high in October even as the broader market continued to decline.

October set a record for DePIN fees at $2.5 million.

@helium led with $1.7m
@Hivemapper (+111%) & @LivepeerOrg (+74%) had largest MoM growth
– Total fees up 273% YoY https://t.co/h9o68rqOy4 pic.twitter.com/Jf3WiKB3Nh

— Artemis (@artemis) November 4, 2025

This suggests a growing disconnect between falling token prices and rising real-world usage. According to Kassab,

“Fees are trending upward, but they’re still small compared to the value of emissions spent since inception or the revenue of the incumbents these networks aim to disrupt.”

Carola said this disconnect is typical of emerging infrastructure sectors, where fundamentals can strengthen long before prices. She explained that sentiment often swings independently of utility: investors may rotate out of risk during uncertain markets, even while real activity continues to grow.

“Rising fees and network activity during a down market instead show that real users continue to find value in these services, whether for storage or computing. In the long term, these are the metrics that will matter more than short-term token performance, once revenues eventually pour in with usage, just like in the early days of the internet,” she remarked.

Fan also emphasized that speculation and actual usage have clearly decoupled. He said the price action largely reflects investor mood — what he called “Wall Street sentiment” — while fee growth captures genuine demand for the networks. When fees increase in a bearish environment, it signals that DePIN’s core services are gaining traction regardless of market cycles.

“Such divergence is common in early infrastructure cycles. The networks are being used more, but the market has not yet priced that in because investors still treat DePIN tokens as speculative assets,” the executive disclosed to BeInCrypto.

Could DePIN Be the Next Sector to Break Out After Privacy Coins?

It’s clear that DePIN is seeing real market demand, which raises an important question: could the sector finally experience a breakout similar to the one privacy coins saw this year?

Carola believes the answer leans toward yes. She noted that crypto cycles tend to shift from narrative-driven speculation to phases where utility and real adoption take center stage.

According to her, if privacy coins reflected a push toward digital sovereignty this year, DePIN may be positioned for a similar rise — one grounded in measurable output. She commented,

“DePIN could have tangible productivity by next year. Whether for physical infrastructure or decentralized data, network builders are laying the groundwork, expecting and preparing for when the market starts valuing cash flow and adoption over memes. When that shift happens, DePIN will be the sector that can show a measurable, real-world traction.”

Fan echoed this outlook. He suggested that once the market rotates back toward sectors with clear utility, DePIN stands out as a natural beneficiary. He pointed to concrete on-chain indicators that are already trending upward. 

“Network fees are rising, node participation is expanding, and operational performance continues to strengthen. Should these data points become standard reference metrics, DePIN might be recognised as the quiet builder of trading infrastructure,” he forecasted.

Kurup offered a broader perspective. While acknowledging the uncertainty of broader market conditions, he said investor preferences are gradually shifting toward projects with recurring cash flows and strong fundamentals — an environment that plays directly to DePIN’s strengths.

“But it’s also likely a tailwind from other shifts in the market. 2026 will be the year of DePIN’s resurgence,” he declared.

Why Enterprises Could Unlock DePIN’s Next Phase 

Experts also pointed to several catalysts that could spark a major shift for the sector, with both Carola and Fan agreeing that enterprise adoption may be the key driver.

“Enterprise adoption is the strongest driver. Regulation and investor sentiment will follow proof of adoption. Once enterprises begin integrating decentralised infrastructure into existing systems, confidence in the model will rise. DePIN’s credibility depends on measurable performance, and enterprise engagement provides exactly that,” the Cysic co-founder explained.

Kurup stressed that multiple factors will likely converge to drive a turnaround. Investor psychology remains critical, he said, but growing visibility and mainstream presence could accelerate that shift. 

“Now, I see Helium advertising their free phone plan in the New York subways– compared to their Web2 counterparts, it’s only recently that DePINs have been well capitalized enough to enter the mainstream,” Kurup shared.

What Role Will DePIN Play in Crypto’s Future?

As optimism for the sector’s trajectory remains strong, it’s still worth wondering where DePIN truly fits in the broader crypto ecosystem. Will DePIN remain a niche bet, or is it poised to become crypto’s bridge to the real economy once markets catch up?

The StealthEx CEO argued that DePIN already functions as that bridge — the market just hasn’t fully recognized it yet. As blockchain shifts from abstract financial experimentation to practical, real-world use cases, she believes DePIN will anchor many of those transitions.

“Whether it’s powering smart cities, distributed AI compute, or IoT networks, these systems make crypto tangible. So while it might feel like a limited niche today, it’s already foundational. When people finally start interacting with decentralized infrastructures without realizing it’s crypto, it is when DePIN will have truly won,” Carola conveyed to BeInCrypto.

Fan pointed to developments in 2025, especially the rise of real-world asset (RWA) tokenization and increasing institutional adoption, as signs that the real economy already sees value in decentralized systems. In his view, DePIN is well-positioned to become the infrastructure layer connecting DeFi to enterprise use cases.

“I do believe that DePIN will be one of crypto’s bridges into TradFi as the sector matures, serving as the infrastructure layer that anchors DeFi in a real-world capacity. As institutions look for verifiable, cost-efficient infrastructure to support secure settlement, DePIN will move from a niche experiment to the fundamental layer of digital finance.”

Whether the market realizes it now or years from now, the experts agree on one point: DePIN’s long-term value lies not in speculation, but in becoming the invisible infrastructure powering crypto’s real-world impact.

The post DePIN’s Silent Struggle: Why One of Crypto’s Most Useful Sectors Lacks Market Attention appeared first on BeInCrypto.

3 Token Unlocks to Watch in the Third Week of November 2025

17 November 2025 at 21:00

Millions of tokens will enter the crypto market this week. Notably, three major ecosystems, LayerZero (ZRO), SOON (SOON), and YZY (YZY) will release previously locked supply.

These unlocks might lead to market volatility and influence price movements in the short term. Here is a breakdown of what to watch for in each project.

1. LayerZero (ZRO)

  • Unlock Date: November 20
  • Number of Tokens to be Unlocked: 25.71 million ZRO (2.57% of Total Supply)
  • Current Circulating Supply: 198.25 million ZRO
  • Total Supply: 1 billion ZRO

LayerZero is an interoperability protocol designed to connect different blockchains. Its main goal is to enable seamless cross-chain communication so that decentralized applications (dApps) can interact across multiple blockchains without relying on traditional bridging models.

The team will release 25.71 million tokens on November 20, valued at around $36.76 million. The stack accounts for 7.29% of the released supply.

ZRO Crypto Token Unlock in November
ZRO Crypto Token Unlock in November. Source: Tokenomist

LayerZero will award 13.42 million altcoins to strategic partners. Core contributors will get 10.63 million ZRO. Lastly, 1.67 million ZRO are for tokens repurchased by the team.

2. Soon (SOON)

  • Unlock Date: November 23
  • Number of Tokens to be Unlocked: 15.21 million SOON (1.54% of Total Supply)
  • Current Circulating Supply: 281.1 million SOON
  • Total Supply: 984.1 million SOON

SOON is a high-performance Solana Virtual Machine (SVM) Rollup, designed to implement the Super Adoption Stack. It includes three main components: SOON Mainnet, SOON Stack, and InterSOON.

The network will unlock 15.21 million SOON on November 23. The stack represents 4.33% of the released supply and is worth $28.29 million.

SOON Crypto Token Unlock in November
SOON Crypto Token Unlock in November. Source: Tokenomist

SOON will keep 8.3 million tokens for an airdrop to non-fungible token (NFT) holders. The team will also award 4.17 million coins to the ecosystem. Furthermore, it will allocate 2.22 million SOON for community incentives and 520,830 tokens for airdrop and liquidity.

3. YZY (YZY)

  • Unlock Date: November 19
  • Number of Tokens to be Unlocked: 37.5 million YZY (3.75% of Total Supply)
  • Current Circulating Supply: 129.99 million YZY
  • Total supply: 1 billion YZY

YZY is a cryptocurrency token associated with the rapper Ye (formerly known as Kanye West). It is positioned as part of the broader “YZY MONEY” ecosystem, which includes the YZY token, a payment platform called Ye Pay, and a physical YZY Card.

On November 19, YZY will unlock 37.5 million tokens worth around $14.35 million. The tokens represent 12.5% of the circulating supply. 

YZY Crypto Token Unlock in November
YZY Crypto Token Unlock in November. Source: Tokenomist

Furthermore, it marks the project’s first unlock since its token generation (TGE) event in August. Yeezy Investments LLC will receive the entire supply of tokens.

In addition to these, other prominent unlocks that investors can look out for in the third week of November include ZKsync (ZK), KAITO (KAITO), ApeCoin (APE), and more, contributing to the overall market-wide releases.

The post 3 Token Unlocks to Watch in the Third Week of November 2025 appeared first on BeInCrypto.

Upexi CSO Explains Why the Next Wave of Corporate Finance Is Moving On-Chain

14 November 2025 at 20:49

Blockchain infrastructure has matured significantly over the past years, and its effects are now extending far beyond decentralized finance (DeFi). 

According to Brian Rudick, Chief Strategy Officer at Upexi, the next wave of corporate finance will unfold on-chain as companies increasingly adopt the technology.

Corporate Finance Is Moving On-Chain 

In an exclusive interview with BeInCrypto, Rudick highlighted the rapid rise of tokenized real-world assets (RWAs) as one of the clearest indicators that corporate finance is shifting into blockchain-based environments.

He pointed to one headline number: around $36 billion worth of RWAs are now tokenized on blockchains — a figure that has surged 160% in the past year alone. These include private credit, US Treasuries, commodities, alternative investment funds, and equities.

“We’re also seeing large finance and tech incumbents experimenting with blockchain technology more and more,” he said

Notably, this experimentation is quickly turning into a real deployment in 2025. As BeInCrypto recently reported, several major institutions have moved to active blockchain-based development. 

SWIFT, for example, is building a shared real-time ledger connecting more than 30 global banks. Google Cloud has introduced the Universal Ledger (GCUL), a neutral Layer-1 blockchain designed specifically for banks and capital markets.

Meanwhile, companies like Citigroup, Mastercard, and Visa are already offering,  or preparing to offer, blockchain-powered products to their customers.

“We expect this to accelerate if and when the US passes digital asset market structure legislation,” Rudick added.

Blockchain’s Real Impact Lies in Replacing Old Rails

When it comes to “on-chain corporate finance,” it could mean things like: a company putting its balance sheet on a blockchain, doing mergers and acquisitions using tokens, or raising money with tokenized assets.

But in Rudick’s opinion, this is not where blockchain will have the biggest impact right now. He believes the biggest opportunity is not forcing every corporate finance task, such as financial planning and analysis, onto blockchains. 

Instead, it lies in replacing the outdated infrastructure that underpins modern finance. He said that,

“The opportunity for blockchain technology to revolutionize traditional finance is much more around reimagining our currently antiquated financial rails – items like ACH or the credit card issuer networks that were created 50+ years ago and are slow and expensive.”

Rudick argued that although on-chain fundraising can provide advantages such as broader investor access, the full digitization of corporate finance will still lag due to two key factors:

“1) the perhaps larger and more immediate benefits of new financial rails like near-instant and free payments with stablecoins, compared to the current corporate finance construct that works comparatively well, and 2) less burdensome and already-defined regulations within certain areas items like stablecoin payments compared to less defined rules for onchain capital raising.”

Despite this, Rudick noted that tokenized assets already mirror the behavior CFOs care about: cash flow, liquidity, and yield. 

“There are some nuances, where, for example, it may take time for onchain liquidity to build, but where liquidity can also be offered outside of traditional market hours.  As finance moves more fully onchain, the benefits will outweigh the early challenges,” he disclosed to BeInCrypto.

Why Solana Emerges as a Leading Ecosystem for On-Chain Finance

When asked which ecosystems are best positioned to support this emerging on-chain financial layer, the executive pointed decisively to Solana. Rudick, who oversees Upexi’s cryptocurrency strategy — one of the leading Solana-focused treasury companies — cited several factors behind his assessment.

“Solana is the natural home for onchain finance, given its leading speed, cost, reliability, and as it is purpose built exactly for this. In fact, Solana’s North Star is what it calls Internet Capital Markets, where all the world’s assets trade on the same liquidity venue, accessible 24/7 to anyone with an internet connection,” he commented.

Rudick emphasized that major financial institutions, including FiServ, Western Union, Société Générale, PayPal, Visa, Franklin Templeton, BlackRock, Apollo, and many others, are increasingly using Solana to bring finance on-chain and capture its benefits.

The post Upexi CSO Explains Why the Next Wave of Corporate Finance Is Moving On-Chain appeared first on BeInCrypto.

Major Exchange Listings Fail to Boost Prices as Crypto Market Sentiment Nosedives

14 November 2025 at 19:11

Recently, crypto token listings on major exchanges have failed to generate sustained price rallies, signaling a significant shift in market behavior.

This comes as the entire crypto market remains under pressure, with investor sentiment deteriorating sharply as losses deepen across the board.

Are Crypto Exchange Listings Losing Impact?

Historically, major exchange listings have been accompanied by sharp price surges. This happens because listings often increase visibility, expand liquidity, and attract new buyers. As a result, tokens typically experience a rapid influx of trading activity and interest immediately after going live.

However, in November 2025, the trend has slowed. For instance, today, OKX, one of the leading crypto exchanges, announced the listing of SEI (SEI) and DoubleZero (2Z).

“OKX is pleased to announce the listing of SEI (Sei), 2Z (DoubleZero) on our spot trading markets. SEI, 2Z deposits will open at 3:00 am UTC on November 14, 2025. SEI/USDT spot trading will open at 7:00 am UTC on Nov 14, 2025. 2Z/USDT spot trading will open at 9:00 am UTC on Nov 14, 2025,” the announcement read.

Nonetheless, neither token saw significant gains. BeInCrypto Markets data showed that SEI has dipped by over 8% in the past 24 hours. At the time of writing, it was trading at $0.16. At the same time, 2Z has fallen nearly 5% to $0.16.

This subdued reaction isn’t isolated. Other major platforms show similar behavior. Coinbase added Plasma (XPL) and Toncoin (TON) to its listing roadmap on November 13. The former jumped by around 8% after nearly 90 minutes of the announcement, while TON rose from $2.0 to $2.05.

However, the latest market data showed that both coins were down today. XPL traded at $0.23, down nearly 12% over the past day. TON dropped 6.4% in the same period to $1.94.

Lastly, BeInCrypto reported that Binance listed Lorenzo Protocol (BANK) and Meteora (MET) yesterday. These tokens saw brief, sharp pre-listing surges—60% for BANK and 8.6% for MET—but quickly lost traction. The altcoins closed in red on November 13.

According to the latest price data, BANK has lost nearly 46% of its value in the past day alone. Furthermore, MET has slipped nearly 1%. This highlights how cautious capital inflows are diminishing the impact of exchange listings on price performance.

Market Sentiment Reaches Extreme Fear

The shift could likely be tied to deteriorating sentiment, which continues to shape trader behavior across the market. The Crypto Fear and Greed Index, widely regarded as a gauge of market sentiment, has plummeted into “Extreme Fear.” Yesterday, the index dropped to 15, its lowest level since February.

Crypto Fear and Greed Index
Crypto Fear and Greed Index. Source: Alternative.me

A surge of liquidations has amplified the market’s difficulties. CoinGlass data shows that over $900 million in long positions were liquidated over the past 24 hours. Overall, the crypto liquidations affected 249,520 traders, resulting in widespread losses and weakening their market position.

With confidence collapsing and liquidity thinning, traders may be more focused on preserving capital than chasing exchange listings. The market is now driven primarily by fear and defensive positioning, overshadowing the speculative enthusiasm that once fueled sharp post-listing rallies.

The post Major Exchange Listings Fail to Boost Prices as Crypto Market Sentiment Nosedives appeared first on BeInCrypto.

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