$400 million in crypto hacked last year

[Ben Rhimene]

FYI...

https://www.cnn.com/2022/01/14/tech/...ncy/index.html

Just another thing to consider when the market is unregulated and uninsured...

[pumpernickel]

That's not a crypto specific problem. People get hacked all the time, it's an overall cyber issue.

[DocHoliday]

And the chicks complain about me not having any cash apps. LMAO. Keep right on complaining ladies.

[pumpernickel]

And the chicks complain about me not having any cash apps. LMAO. Keep right on complaining ladies.

Are you trying to sound smart?

Cashapp doesn't require Bitcoin. Bitcoin can be purchased on cash app, and strictly used there. But it's not a Bitcoin primary facility, it's just another option.

[Slitlikr]

That's not a crypto specific problem. People get hacked all the time, it's an overall cyber issue.

Yes

And crypto is exclusively cyber.

[Ben Rhimene]

That's not a crypto specific problem. People get hacked all the time, it's an overall cyber issue.

It's a crypto payment issue. I have yet to hear of anybody hacking physical legal tender.

My pockets and FDIC-insured bank accounts remain hack-free.

[pumpernickel]

It's a crypto payment issue. I have yet to hear of anybody hacking physical legal tender.

My pockets and FDIC-insured bank accounts remain hack-free.

It's an internet issue. There's tons of stories of taking zelle scams. Since the Internet, the notorious payments to Nigerians have been a mainstay for instance. There's a ledger for crypto, you can see any address openly.

There's 1.3 billion robbed, per the article, but the headline of 400M crypto gets you. There's so many zelle, Venmo, WU scams it's unbelievable. There's a story of a notorious IG fraudster, hushpuppi, who created fake BoA, HSBC, other bank sites with a missing character or something. And tracked people's log in info, then did it on the real site and laundered over $60 million. There's also a story, tried to find it but couldn't on a quick search, of someone getting a message from their daughter on Venmo (similar name), same phot saying forgot wallet at home, an at grocery store got $40? Dad sent it. Wasn't his daughter, but the handle was eerily similar.

Here's just a quick search:

https://www.google.com/amp/s/whnt.co...-app-scam/amp/

https://www.google.com/amp/s/www.kho...3-eb763657167f

https://www.google.com/amp/s/www.fox...ansfer-app.amp


Could go on and on. If you don't see it as a digital issue, it's beyond you.

[Bigwill832]

Lose that key to your wallet and you are FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCKED .

[pumpernickel]

Lose that key to your wallet and you are FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCKED .

Stick to insured custody platforms, and you're fine.

[pumpernickel]

Yes

And crypto is exclusively cyber.

You can store it off the cyber world. And any reputable exchange will come out with insurance programs, at least on Bitcoin specifically. Anything IRS will want a cut of will absolve insurance risk provided by the platform. Two major platforms have already instated insurance coverage in their safeguard solutions.

[pumpernickel]

Another scammer to your fdic bank account. 400m crypto, yet 1.3M stolen in entirety and crypto is the headliner.

https://www-kron4-com.cdn.ampproject...www.google.com

These are a dime a dozen. Nothing's safe digitally unless you never answer any email or any extra info necessary.