Carlie Rihner LXNd

🚨 Crypto’s most expensive “one-click login”: at least $6 million stolen!
Does eliminating seed phrases really make wallets safer?
The Web3Auth security incident has sounded the alarm for the entire Web3 industry!
From November 6 to 7, a serious security incident occurred in Web3Auth’s infrastructure, exposing the private keys of some Keplr wallets created through Google / Apple social login.
Blockchain analytics firm Bitquery tracked the incident and found:
🔴 At least 44,041 Cosmos ecosystem wallets and 7,603 Injective wallets were involved in abnormal fund transfers.
🔴 The total amount of funds traced on-chain reached at least $6.01 million.
🔴 Keplr has suspended Google / Apple login and is working with Web3Auth on a white-hat asset protection effort.
⚠️ Here’s the key point:
According to Keplr’s preliminary statement, wallets created using a seed phrase and hardware wallets were not affected by this incident.
By contrast, some social login wallets were among the hardest hit.
This highlights an often-overlooked issue:
Convenient login does not mean secure private keys.
Google and Apple accounts are only identity authentication gateways. What truly determines wallet security is how private keys are generated, stored, encrypted, and recovered.
This incident also gives us reason to reconsider:
1️⃣ How should we balance convenience and security?
2️⃣ If a third-party wallet infrastructure encounters a problem, do users truly retain control of their assets?
3️⃣ When your private keys depend on a third-party service, how much decentralization do you really have left?
Not Your Keys, Not Your Coins.
Remember:
In crypto, technology can keep evolving, but asset security should never be compromised for convenience.
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long near 0.11 to 0.12
take profit target 0.16 to 0.18
currently as it breaks 8% the probability is it will continue
for safety set stoploss below 0.1
here risk is half then reward

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🚨 $NVDA LOST 8% AFTER HOURS. BUT THE BIGGEST RISK ISN'T THE SCANDAL. 👀

Imagine building a company for more than 30 years, turning it into the backbone of the AI revolution, and then facing the possibility of being removed just days before one of its most important earnings reports.

That's the situation Jensen Huang is facing right now.

Reports suggest Nvidia's board is considering removing him following revelations about alleged relationships, including one reportedly involving a subordinate.

And Wall Street isn't taking it lightly.
$NVDA reportedly dropped more than 8% in after-hours trading.
But here's what I find interesting.

Nvidia's chips haven't suddenly become less powerful. Microsoft, Amazon, and other AI giants still need massive computing capacity. The demand for AI infrastructure doesn't disappear because of a CEO scandal.

So why is the market reacting this aggressively?
Because investors aren't just buying Nvidia's technology. They're also betting on Jensen Huang's vision, leadership, and ability to stay ahead of the competition.

And replacing someone who has led the company since 1993 isn't as simple as hiring another executive.

With earnings approaching on November 17, Nvidia could face two major questions at once: Can AI spending keep growing, and who will lead the company through its next chapter?

That's a combination Wall Street hates: uncertainty about both the business outlook and its leadership.

I think the next few sessions could reveal something important.

If $NVDA stabilizes despite the headlines, buyers may be looking beyond the scandal. But if every rebound gets sold, the market might be pricing in a much bigger leadership risk.

Would you buy Nvidia at an 8% discount if Jensen Huang might no longer be CEO? Or is that exactly the kind of dip you'd avoid? 👀

Not financial advice. DYOR.

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