If you're still trusting every fintech app with your KYC and crypto, stop now.
These data breaches turn your personal details into ammunition for phishing attacks that empty wallets before you even notice. There is no clean exit once your info is out there.
Revolut is reportedly facing a 10,000 $BTC ransom demand following a customer data breach. Some will say just pay it to lock down the remaining data and move forward. Others insist that paying only guarantees the next group will come knocking with a bigger ask.
I land firmly in the never-pay camp. A 10,000 $BTC transfer would fund more of these operations and put every platform holding $ETH or $USDT in the crosshairs. Self-custody is the only setup that actually removes this risk.
Would you pay if you ran Revolut, or is this proof we need to get off these apps?
#Bitcoin #CryptoSecurity #DataBreach
These data breaches turn your personal details into ammunition for phishing attacks that empty wallets before you even notice. There is no clean exit once your info is out there.
Revolut is reportedly facing a 10,000 $BTC ransom demand following a customer data breach. Some will say just pay it to lock down the remaining data and move forward. Others insist that paying only guarantees the next group will come knocking with a bigger ask.
I land firmly in the never-pay camp. A 10,000 $BTC transfer would fund more of these operations and put every platform holding $ETH or $USDT in the crosshairs. Self-custody is the only setup that actually removes this risk.
Would you pay if you ran Revolut, or is this proof we need to get off these apps?
#Bitcoin #CryptoSecurity #DataBreach
