Read on to learn how Flowmon helps facilitate this by detecting activities from even the most sophisticated cryptojacking malware. However, there are a few things that may help you prevent or detect cryptojacking malware. Because you are rewarded with a bitcoin once the block is added to the blockchain. So yes, your computer could essentially be making you money without you lifting a finger. Cryptocurrencies created a new decentralized system that many hoped would make it difficult to forge transactions. However, hackers have still found a way to abuse it and make easy money.

How to detect cryptojacking

When done in a dubious manner, it’s important for cryptojacking to be stealthy. This is because whenever a victim notices unusual activity, it generally prompts them toward a much quicker discovery, then removing the cryptojacking software. A single hijacked device won’t What is cryptojacking make an attacker a whole lot of cash, but if they target thousands or millions of computers, tablets, smartphones and IoT devices, it can be a lucrative moneymaker. During this time, the cryptojackers continued to up their game, invading increasingly powerful hardware.

Cryptomining Begins

• Once the keys are accessed, cryptojackers use the CPU’s resources to mine.
• If you want to conceptualize the process with a more tangible analogy, imagine a gang siphoning off a liter of gas each from thousands of cars.
• Cryptojacking can target individual consumers, massive institutions, and even industrial control systems.
• The larger cryptocurrencies use teams of miners running dedicated computer rigs to complete the necessary mathematical calculations.
• Cryptojackers target victims’ computing resources to offload the mining expenses to as many entities as possible.
• Dodgier sites do this in secret, using their site visitors’ resources without informed consent.

The malicious HTML file was a Trojan that led victims to a website that hosted a cryptojacking script. When victims went to the site, the Coinhive-based script would run, using their processing power to mine Monero for the attackers. As the price of Bitcoin and other cryptocurrencies began to rise, ASIC miners moved onto the scene. These are essentially computers that are set up to maximize their cryptocurrency mining abilities, which made it more difficult for cryptojacking malware on PCs, or browser-level cryptojacking services to compete. Over the past several years, cryptojacking has become a fairly common threat type, surging in popularity in 2017 and 2018. In February 2018, Malwarebytes Labs published that malicious cryptomining had become the most common detection type since September 2017.

Disable JavaScript

If this is the case, it’s a very serious issue – not only has your site been draining the resources of its guests, but it also means that your site has been compromised and attackers could be causing other damage. If you are sure that you have cryptojacking malware, but your antivirus hasn’t been able to find it, you can also try to restore your computer to a previous point, or completely reformat your hard drive. One of the good things about the page was that it allowed site visitors to choose how much of their processing power they were donating. If it slowed down their computer too much, they could cut it back to a more manageable level.

• These devices would then be used to mine cryptocurrencies with a range of different scripts.
• The mathematical puzzles require large amounts of computational power, which means that miners need to pay for equipment and electricity to compete.
• Although legitimate cryptomining is a legal way to obtain cryptocurrency like Bitcoin, cryptojacking is a malicious form of mining that allows cybercriminals to mine for free.
• Many cryptocurrencies have market caps that limit the supply of coins that can be mined.
• Because you are rewarded with a bitcoin once the block is added to the blockchain.

Is cryptomining a crime?

Another option for cryptojacking detection is to run an antivirus scan and see if anything pops up. Although some legitimate cryptojacking code may be whitelisted by certain antivirus software, the more common ones that cryptojack in secret are likely to be flagged. The script checked for other miners on the system, and if it discovered any, it stopped them from running, then ran its own binaries.

During the mining process, a computer’s resources are devoted to figuring out the encryption. Once the encryption has been solved, it has to be verified by other users on the network. If the solution checks out, it is certified by the system as legitimate, and whoever solved it is rewarded with cryptocurrency. Those who verified the validity of the solution are also rewarded for their efforts.

Compromise an Asset to Embed Script

New Attack Vectors for CVE-2023-22527

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social What is Basic Attention Token Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem.

What Is a Basic Attention Token (BAT)? How It Tracks Consumers

BAT’s developers have built several security measures into the digital token system in response to concerns about fraud and privacy. According to the developers, they plan to mitigate potential ad fraud through the use of cryptography, improved client-side integrity, and transparency achieved through open source. The Basic Attention Token isn’t a very popular coin yet and can’t be used to make a direct purchase via e-commerce or retail. However, you can always convert BAT into BTC, ETH and other altcoins to make a direct payment online. Basic Attention Token hasn’t generated that much interest in the latter half of 2022. So, it may be a good idea to have some BAT holdings for diversifying your investment.

• Today, eToro has grown into an international community of more than 20 million people who share their investment plans, and anyone can copy the best ideas.
• Because EAs are based on trading strategies, they must be simple enough to be reduced to a set of programable rules.
• Brave’s anonymous accounting lets advertisers know their ads’ effectiveness without violating privacy.
• After witnessing a monthly increase of 100% at the beginning of 2023, the crypto crowd wonders if BAT will be able to keep up the momentum and move up to test higher levels.
• If a knowledgeable individual does not maintain the software, it will most likely have a limited profitability shelf life (if it was profitable to begin with).

– Multiple Wallets

It is the native token of the Brave web browser built on top of Ethereum (ETH). As of 2022, the project is still being developed, although the Brave browser is available for download. There were 57.3 million monthly active users and 22.1 million daily users of the Brave browser as of May 31, 2023. Apart from cryptocurrency trading, Decentralized Finance (DeFi) comprises a broad range of cryptocurrency-related activities. Other possibilities are accessible, including staking rewards, earning interest, obtaining crypto loans, and joining a liquidity pool. Any crypto trades you make on a DeFi protocol will result in taxable capital gains.

• Remember to use a complex, difficult-to-guess password that you update frequently.
• Binance, Coinbase Pro and Huobi Global count among the most reputable exchanges for BAT trades.
• Powered by the Brave browser, BAT is set to change the traditional advertising model.
• Below you’ll find my recommendations for where to swap your coins.
• Having over 1.6 million Bybit users globally, whether retail or professional clients, Bybit remains customer-focused and strives to offer the best user experience possible.
• Calculate your capital gain or loss on the crypto-to-crypto trade by determining your cost basis when you purchased the initial currency.
• But how does this crypto work, and how does the Brave browser fit in the picture?

Make use of a cold wallet

2Key Network, in particular, focuses on optimizing referral marketing with a blockchain-based settlement solution. The platform capitalizes on blockchain’s immutability to help advertisers or brands track and reward referrers. Users will experience fewer ads and content that is better tailored to them. And advertisers will be able to better target particular users based on documented user content preferences and interests. Crypto assets have recently gained prominence as they signify a seismic shift in financial systems. Technical advancements in crypto assets have come a long way and can potentially disrupt the financial system as we know it.

Pros & Cons of the Coinbase platform:

The exchange rate for BAT is set at 6,400 BAT per ETH, meaning that as the price of Ethereum climbs or falls, the price of BAT will be adjusted proportionally as well.

Pros & Cons of the Binance platform:

• Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology.
• As a result, Basic Attention Token can be considered almost fully diluted.
• This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.
• Ben Zhou assembled an A-team of investment banking and fintech experts who had previously worked for Alibaba, Tencent, Morgan Stanley, and other well-known firms.
• You can deposit with debit cards, credit cards, bank transfers, Skrill, PayPal, and Neteller.
• They see current trends as disadvantaging users, publishers, and advertisers alike.
• An integral part of the token sale is the creation of a user growth pool of 300 million tokens.

At a price of 0.3 USD and accepting Ether, the project raised 35M USD in the first 30 seconds of the launch. The popularity of the product may be due to one of the founders being Brendan Eich – the inventor of the JavaScript language and co-founder of Mozilla and Firefox. He was joined by Yan Zhu, a Forbes 30 under 30 member and open web standards author for W3C, and Marshall Rose – inventor of the Simple Network Management Protocol (SNMP). In January 2018, in an effort to promote their Brave desktop browser wallets, the project distributed $1M USD worth of tokens to user who installed their software.

The move towards a more transparent, blockchain-based advertising model represents a win for users, creators, and even ad companies. As mentioned earlier, Brave is trying to enable an equitable distribution of value in the digital advertising industry. Users of the Brave browser are also rewarded with BAT for their participation in the project. BATs can be exchanged for various services on the platform, as well as for select premium content. Nonetheless, publishers will receive a greater share of the ad revenue, according to the BAT whitepaper. It is not clear at this time what will comprise the premium content on the Brave network.

Basic Attention Token analytics

However, cryptocurrency prices are highly volatile and can change rapidly. One of the main limitations is the increasing difficulty of mining. As more people mine Zcash, the difficulty of the mathematical https://www.tokenexus.com/ problems that need to be solved increases. This means that over time, you may need more powerful hardware to mine effectively. You should also consider the noise and heat generated by mining hardware.

What Hardware is Needed for Zcash Mining?

In this method, miners join a pool where they combine their computational resources to increase their collective processing power. These puzzles validate transactions on the Zcash network, and you’re rewarded with ZEC, the official currency of Zcash, for your efforts. This beginner’s guide is your compass, pointing you in the right direction and equipping you with the necessary knowledge to mine Zcash. As you read through it, you’ll discover the intricacies of this cryptocurrency and the fascinating process of mining it. As a privacy-focused cryptocurrency, Zcash offers a unique blend of innovation and potential rewards for those ready to roll up their sleeves and dive into crypto mining. Monero utilizes RingCT and Ring Signature (among many other things) to provide you with anonymity.

Other Considerations For Zcash Mining

• The network hash rate can be thought of as a way to measure processing power within the Bitcoin (or Zcash) network.
• Marko has been working on the road for over 5 years, and is currently based in Europe.
• As you read through it, you’ll discover the intricacies of this cryptocurrency and the fascinating process of mining it.
• ZEC hit an all-time high of $1,624.58 the day after it was launched in October 2016, according to data market provider CoinMarketCap.
• This Founders Reward is given to the developers who started Zcash.
• The two primary methods for Zcash mining are Pool Mining and Solo Mining.
• If the payment wasn’t received within 15 minutes interval, the rate will be recalculated.

It offers a unique value proposition in terms of privacy, which many investors may like. Proof of Work (PoW) – miners compete to solve a piece of data that is difficult to produce but easy for others to verify. This consensus mechanism prevents attacks by requiring malicious actors to control a large portion of the network. You need to send exact amount displayed (1) to our deposit address (2). Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing.

The Best Beginner’s Guide on How to Mine Zcash (ZEC)

The Gemini CEO acknowledged that Zcash is among the most important and underrated projects in crypto at the moment. Make sure to read our posts about other cryptocurrencies. We have tutorials for Musicoin, Calisto, HUSH, and Pirl.

Since Zcash is Equihash-based, the same rigs that mine Bitcoin Gold, Bitcoin Private, Zclassic, and other similar coins will also work for Zcash. It ranks 25th in the CoinMarketCap cryptocurrency chart, and every day as much as 61 million dollars’ worth of ZEC is traded. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

• The Zcash network (ZEC), which was launched in 2016, aims to offer more privacy for transactions than Bitcoin does.
• The ASIC method of mining uses a microchip specifically designed to compute algorithms at the fastest speed possible.
• Sell your Mac, use the money and buy a decent mining rig.
• But even with 5 mining rigs and 8 Nvidia 1080Ti cards on each of them, you won’t find more than one block a month, which makes mining rather pointless.
• Transactions have a memo field which you can use to send additional transaction data viewable only to recipients.

Like many other cryptocurrencies, it saw a marked increase in value following the frenzied speculation that took place in December 2017. Not only do you have to navigate the exchanges how to sell zcash but you will also need to take extra care to keep your computer secure. Always enable two-factor authorization and avoid keeping all of your coins in a single wallet.

• Solo mining is an independent method of mining where you alone are trying to solve mathematical problems.
• The price can fluctuate widely in a short period, which can impact the value of your mining rewards.
• Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place.
• It has almost all of the major coins as well as some of the smaller cryptocurrencies.

Remember that you are entirely responsible for your own security. If you don’t own the keys to your wallet, you don’t own your tokens. Instead of buying cryptocurrencies, you buy a CFD and take a short or long position. One method is to not buy Cryptocurrencies at all and instead, trade derivatives like Contracts for Difference (CFDs) through a regulated broker.

How To Choose a Zcash (ZEC) Wallet

Generally, when a major exchange announces that it is going to list a currency, there will be a rapid surge in value. Also, remember that you should do your best to avoid leaving your coins in an exchange wallet unless you are planning to exchange them. The best way to secure your Zcash is in a hardware wallet or by putting them in cold storage. Binance is an exchange that is focused on Chinese and English language users. It has almost all of the major coins as well as some of the smaller cryptocurrencies.

As of now, the block reward is 10 ZEC or a little more than $2,900. They introduced this currency at the end of October 2016. It reached its peak rate at the same time, which amounted to $4,293. When you run a full node, that means you are in charge of validating the transaction and blocks. Many nodes also help the network by accepting transactions and blocks from other full nodes, validating those blocks, and then relaying them to further full run nodes.

Keeping up to date with market trends, regulatory developments, and technological advancements will enable individuals to make informed decisions and capitalize on the opportunities presented by Ethereum. Mining Ethereum can be a lucrative opportunity, https://www.tokenexus.com/ especially when done efficiently and strategically. By understanding the mining process, staying informed, managing costs, and adapting to changes in the Ethereum ecosystem, you can potentially generate income through Ethereum mining.

• When it’s a specific validator’s turn, they gather transactions under a new block header, then sign them with their validator key.
• For example, if an individual had invested $100 in Ethereum in early 2020 when the price was around $150, their investment would have grown to approximately $13,333 by mid-2021 when the price reached $2,000.
• It offers diverse applications such as decentralized finance (DeFi), non-fungible tokens (NFTs), and more.
• Using a smart contract, Alice could independently define the conditions that validate this deal, instead of trusting a middleman that would broker the deal.
• Some blockchain networks require users to deposit or commit their financial resources to the network.
• On a semi-related note, it’s worth pointing out that the recent correction didn’t cause anything in the Ethereum ecosystem to falter.

How to Mine Ethereum: NiceHash, Mining Pools, Optimal Settings

For example, the average block mining takes around 10 minutes on the Bitcoin network, while Ethereum network’s proof-of-work algorithm adds one block every 12 seconds. With the opportunity to earn double-digit annualized yields, why wouldn’t everyone want to stake Ether tokens? Cryptocurrency mining allows you to contribute the processing power of a computer to solve complex mathematical problems.

The Quality Assurance Process: The Roles And Responsibilities

Luckily, staking ETH through the Ledger ecosystem means you can benefit from the security of your Ledger device while knowing you can access staking apps directly from Ledger Live. This secure connection and the trusted display on your device allows you to check the validity How to make money with ethereum of any staking transaction before you dive in. Plus, you can rest easy knowing that the keys that control your account will stay safe and offline within the Secure Element chip. Doing this helps you make smart choices and avoid potentially expensive mistakes.

Interest-bearing digital asset accounts

• You can deposit assets into liquidity pools helping to facilitate trading and earn a share of trading fees generated by the pool in return.
• The decentralized job market presents numerous freelance opportunities where individuals can offer their skills and expertise in exchange for cryptocurrencies, including Ethereum.
• When you initiate a transaction on the Ethereum network, your transaction is only finalized after it is recorded on the blockchain.
• Some exchanges let you store cryptocurrency with them using a custodial wallet.
• Now that we understand what Ethereum is and how it works, let’s explore the pros and cons of the various methods for making money.
• Compatibility with different devices, like desktops, mobiles or hardware wallets, is also important for accessibility.
• One way to maximize your earnings using smart contracts is by participating in DeFi protocols.

Staking is only supported on blockchains that use the proof-of-stake consensus mechanism. These blockchains allow you to commit your tokens to support the verification of transactions. Other decentralized lending options are available, allowing you to earn interest by contributing your assets to a liquidity pool or staking. While these platforms are more transparent, interest rates tend to be lower and change a lot. For example, if the price of Ethereum suddenly dropped by 20%, swing traders would see this as an excellent opportunity to buy. After the market stabilizes and the cost of Ethereum has increased, they can sell their assets for a profit.

Is Ripple Ready for Further Upside Action? XRP Price Prediction

Setting Up An Ethereum Wallet

For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations. After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet. There is no better way to get started with cryptocurrencies than aiming high for the big boys.

Fantom FTM coin staking:

• It helps in network governance, paying for the transaction fee and securing the network through staking.
• This feature makes Fantom a desirable blockchain when it comes to Dapps or smart contract creation.
• Users with the minimum number of FTM tokens (currently 500,000) can participate as validators earning a share of transaction fees on the network.
• The fastest way is to use a credit card but you will then be charged higher fees.
• Following his return, Cronje hinted at what Fantom will be working on in 2023.
• You need to use debit card or credit card to buy the Ethereum or Bitcoin first.

Each node contains a set of confirmed event blocks that are further compiled into a confirmed batch of blocks and finally synced together in a chain without the need for node’s interaction. The base layer of Fantom network is composed of finalized and confirmed blocks only. In Fantom network, each node carries its own DAG (Directed Acyclic Graph) protocol that helps record the order of event blocks and transactions within the node. Further, each node achieves consensus independently without waiting for block validation from other nodes in the network. You’ll need a compatible crypto wallet to interact with Lido and stake your ETH.

Hold Your Fantom in Non-Custodial Wallets

The platform itself functions as a distributed technology ledger focusing on DAG-based environment. In the future, it is possible to build and even power the smart cities, along with the services constituting it. Beefy Finance is a top yield optimizer in DeFi, supporting 10 blockchains with over $379M in TVL. It’s a multi-chain platform with Vaults allowing users to compound yield farm rewards, and a DAO structure for governance.

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Paid in FTM, these fees are very low but sufficient to make it extremely expensive for a malicious actor to carry out an attack or fill the ledger with useless information. Fantom uses a bespoke variety of proof-of-stake algorithm to provide services and secure its network. Known as Lachesis, it is an example of a so-called asynchronous byzantine fault tolerant (aBFT) consensus mechanism. Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts. Fantom allows Ethereum apps to operate on its platforms at a fraction of the cost.

This governance mechanism gives investors control over the protocol’s direction. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to how to buy ftm Fantom. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound. The provided liquidity is automatically staked in the vaults and generates additional rewards.

The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them. After purchasing your crypto, you can either store it in your personal crypto wallet or keep it in your BYDFi account. You can store ERC20 FTM in any mobile wallet that supports Ethereum and ERC20 tokens. Make sure not to send mainnet FTM to wallets that don’t support mainnet FTM. There are also fiat on-ramps available to use if you do not wish to use a full exchange. Transak lets you buy mainnet FTM by bank transfer or card payment.

How to extend delegation lock

These developments can signal growth and attract investment, supporting the Lido coin price. General market sentiment and interest from both retail and institutional investors can influence the LDO crypto price. Media coverage, community engagement, and market trends can affect investor perception and drive price movements. The most convenient way to buy Fantom is through a regulated cryptocurrency exchange such as BYDFi. Visa, Mastercard, SEPA, as well as Apple Pay and Google Pay transactions are supported. Much to the dismay of many crypto enthusiasts, Cronje exited the company in March 2022.

How to use Ledger with Fantom

The introduction of new features, upgrades, or expansion to new blockchains can drive user adoption and increase the protocol’s value, potentially boosting LDO to USD price. Innovations that improve Lido’s offerings or expand its market can attract more users and investment. Beyond Ethereum, Lido offers staking solutions for other blockchains, aiming to be a multi-chain liquid staking provider. This diversification allows investors to spread their risk and capitalize on the growth of multiple blockchains. LDO token holders have a say in the governance of the Lido DAO, including decisions on fee structures, protocol upgrades, and the addition of new staking options.

Is Lido DAO (LDO) a Good Investment?

Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum. You can basically use debit card, credit card, or even PayPal to buy the Fantom (or any other cryptocurrencies). It’s not like you pay with cash and you get the Fantom as the exchange.

Step 3: Review the fees and confirm your order

The Lachesis protocol is the core consensus layer that secures the Fantom network by providing both transaction speed and security. All the information shared in the post is for knowledge purpose only. Readers are responsible for their own investment decisions and should only invest in cryptocurrency after proper research. On paper, Fantom has initially farfetched its aspirational goal of 300,000 transactions per second. However, it is still capable of supporting 4500 transactions per second which is a good number for a blockchain that excels in scalability and security. Fantom was launched in 2019 by Ahn Byung Ik who’s also the President of Korean Food Tech association and holds a PhD in computer science.

Can I Buy Fantom (FTM) with PayPal?

As a relatively new asset class, crypto is expectedly more volatile than, say, stocks or bonds. For this, we recommend using a regulated cryptocurrency exchange BYDFi. Following his return, Cronje hinted at what Fantom will be working on in 2023. NFTs are just as popular on Fantom as they are on other blockchains. However, Fantom NFTs are not traded on popular Ethereum NFT marketplaces like OpenSea but on native solutions. The Coinbase Wallet is the non-custodial wallet of the Coinbase exchange.

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase

Binance exchange (BNB) is the biggest volume driver of FTM Coin and the best platform to buy, sell or hold FTM coins. On the other hand, if you’re an Indian user, you can buy FTM on the leading cryptocurrency platform of India i.e WazirX Exchange (a subsidiary of Binance). Buy Ethereum on KuCoin and transfer your tokens to your crypto wallet to fund it. Partnerships with other DeFi protocols or integrations into broader ecosystems can enhance Lido’s utility and adoption, potentially increasing the demand for LDO.

• It’s not like you pay with cash and you get the Fantom as the exchange.
• In order to participate in staking, the validator node has to hold a minimum of 3,175,000 FTM tokens and further lock them for a predetermined period of time.
• Moreover, BYDFi employs multi-signature technology for deposits and withdrawals, defending against potential attacks and losing access to keys or facilities.
• You stake and lock 100,000 FTM for one year, giving you a ~6% APR which equals 6000 FTM in total rewards.
• If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Fantom.
• Positive changes that enhance protocol efficiency or profitability tend to favor the Lido crypto price.
• You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

Weekly Finance Digest

Stakers can participate by selecting a validator and then locking their tokens for a specified amount of time. Stakers earn rewards proportionally, according to the number of tokens delegated and the duration of the lock period. The primary use of FTM token is to secure the network via staking how to buy ftm i.e Proof-of-Stake. In order to participate in staking, the validator node has to hold a minimum of 3,175,000 FTM tokens and further lock them for a predetermined period of time. Users can participate in staking with a minimum of 1 FTM at will on a verified and trusted validator node.

The amount of stETH in your wallet will increase over time as you earn staking rewards. In general, the platform may (seem to) have ambitious plan to build a platform that can have instant transaction in fast speed processing and (almost) with zero cost. They aim to focus on virtual machine (with high-performance quality) for secure and safe execution for the smart contracts.

• Upon withdrawin