New attacks are hitting crypto after the Binance hack, and Brazil just became the latest warning. đ°
CoinDesk reported on 3 November that new attacks hit crypto after the Binance hack, including Brazil based Mercado Bitcoin, where an estimated 40 million dollars was drained from hot wallets, according to security firm Hypernative. â ïž My reading is that the weeks after a giant hack are the most dangerous window for everyone else, because attackers test the same weak spots across other platforms while users are still distracted by the first story. This is not a reason to panic sell, but it is a real reason to check where your coins actually sit, and how much of your stack lives in a hot wallet that can be drained in one night.
Have you moved anything to cold storage since the Binance hack, or is most of your stack still on exchanges? đ€
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoSecurity
CoinDesk reported on 3 November that new attacks hit crypto after the Binance hack, including Brazil based Mercado Bitcoin, where an estimated 40 million dollars was drained from hot wallets, according to security firm Hypernative. â ïž My reading is that the weeks after a giant hack are the most dangerous window for everyone else, because attackers test the same weak spots across other platforms while users are still distracted by the first story. This is not a reason to panic sell, but it is a real reason to check where your coins actually sit, and how much of your stack lives in a hot wallet that can be drained in one night.
Have you moved anything to cold storage since the Binance hack, or is most of your stack still on exchanges? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoSecurity
