Gigantic Rebirth, a renowned cryptocurrency trader, recently revealed that his account had been compromised by hackers. The pseudonymous trader, also known as GCR, took to social media to warn his followers to "ignore everything" coming from his channels. The hackers had used GCR's identity to pump the price of the ORDI token after opening large short positions on Binance and OKX.

GCR believes that the hack was made possible by an insider at (link unavailable), who was bribed to grant admin access. Despite being notified of the potential hack two months in advance, GCR's beefed-up security measures were no match for the compromised X employee. The trader has urged Elon Musk, CEO of X, to take action to clean up his operation.

GCR gained prominence in early 2022 after making a bold bet against Terra (LUNA). The trader had wagered $10 million with Terraform founder Do Kwon that LUNA would be trading below $88 by March 2023. Kwon had even proposed higher bets, but LUNA ultimately collapsed in May 2022, wiping out tens of billions of dollars in value.

The hack serves as a stark reminder of the risks involved in the cryptocurrency space. As traders and investors, it's essential to prioritize security and remain vigilant against potential threats. GCR's experience is a cautionary tale, highlighting the importance of robust security measures and the need for cryptocurrency platforms to ensure the integrity of their operations.

In the ever-evolving landscape of cryptocurrency, it's crucial to stay informed and adapt to emerging risks. As the industry continues to grow, it's essential to prioritize security, transparency, and accountability. The hack of Gigantic Rebirth's account serves as a wake-up call, reminding us of the need for constant vigilance in the pursuit of success in the cryptocurrency market.

As the investigation into the hack continues, the cryptocurrency community remains on high alert. The incident has sparked a renewed focus on security, with traders and investors seeking to bolster their defenses against potential threats. In the face of uncertainty, it's essential to remain informed, adapt to emerging risks, and prioritize security above all else.