Japanese Cryptocurrency exchange gets $500 million dollar hacked!!! Don't ever trust any exchange and never accept an ounce of counter Party risk......EVER!
Japanese Cryptocurrency exchange gets $500 million dollar hacked!!! Don't ever trust any exchange and never accept an ounce of counter Party risk......EVER!
I wish I could express well, how much I love your passion I see in the videos you do. It is just magnificent.
Do more > I want more.
Oh... Omg
You know. I have a Trezor. I just had to buy the Ledger to hold Stratis, because Trezor doesn't support STRAT.
Be happy you did @gatorbait
Because Trezor is not as safe as LEDGER NANO-S is.
Google for this - you will learn yourself.
I AGREE NEVER LEAVE MONEY ON EXCHANGE
Whoa Japan hit again! Yes exchanges are big targets and hackers will work harder for the big score that they offer. Also exchanges are not to be trusted because they are unregulated and uninsured so counter-party risk is off the charts with no safety net. Thanks for bringing us the sad news... a good warning for us all.
I guess lesson 1 to all interested in cryptos is: Don't be a momo, buy a f'n wallet.
Lol...love it
Good advice. I was pissed off to wake up and see that my portfolio was down over 10% because dumb b@stards allowed themselves to get ripped off.
I wonder if it was North Korean hackers who stole the money. We'll see if Kim Jong Un gains another 50 lbs. in the coming weeks if he has more resources to buy food.
Lol....it prolly was that crazy Korean! Our is was the good old CIA
nice lesson like your vedio.😊
Great advice. I am so glad I was able to get my Smartcash out of Cryptopia!
I like the idea of never buy more than you can take out that same day on an exchange. Good one!
At minimum where applicable, paper wallets are a good move. So easy to do with currencies like Ether.
Always 2FA your account and never hold any consolidation coins (BTC, BCH, ETH, LTC) on any of these exchanges. Hackers are looking for online hot wallets with the most value per unit in cryptos.
Totally agreed...2FA(I use google authenticator app on my Iphone) is spectacular. I lock everything crypto down with it online. Also, you can buy a Ledger Nano S Cryptocurrency Hardware Wallet
. Note that link is my affiliate link to Amazon (USA marketplace link) and only use it if you appreciated my answer and solution. You are of course free to go directly to amazon directly, but will still pay the same price that following my link provides...so feel free to hook me up since it is no loss to you. I hope this helps you or others .💩
Love to see people educate others on protecting their investment.
Thanks for watching my vid...
No doubt, you put out good content.
I resteemed this. Thank you for the honest advice fora beginner like me.
This video is really informative. All What you said is really true. I think my friends have to watch this video before they venture into any needless risk. I like the way you carefully explain the reason why we need to be very careful about these. Thanks for sharing this post and God bless you.
All newbies into crypto need this pounded into thier brain. It is a must to protect your coins
$530 million dollars theft......... OMG.......
Don't trust any exchanges- Better advice from you @broncnutz..
Yeah..I heard those news of Japanese exchange site hacked.. Now we want to be careful and don't keep any fund risky exchanges.
Thanks for the video advice.
My hat almost dropped at the moment I got the news of that rob
In fact, I don't know what to call it a rob, theft,.... or something else
that shit exchange agencies are not safe and unfortunately, your money isn't protected with them
Biggest robbery in human history
until now yes
but if no action is taken, there will be bigger robberies for sure
Thanks for such advice. Last week I was scammed by one last exchange so call company. With Steemit our future is secured
I agree wholeheartedly. Lesson learned for many individuals who are new to the space, never leave your money on any of the exchanges. Its literally so easy for hackers to get into your account, even if you have 2FA. Store your crypto in an offline wallet like Ledger Nano S. Even popular exchanges like Coinbase can get hacked so its so important to keep your crypto safe in these offline wallets.
I have heard of so many people keeping their money on exchanges. This is the most riskiest thing to do. It is also at the same time most laziest thing to do.
There are a lot of exchanges that have got hacked. Most of the times exchanges themselves fake hack to do away with people's money.
It's sooooo lazy to leave the money on an exchange! Good way to put it....
I heard news that it was $800m not $530m
and you are right about taking care and never trust an exchange site and already I don't trust them at all
I only trust blockchain and take care 100%
It's money not a toy that can be lost that easy way
you are right at every word brother @broncnutz
No matter how much it was....that much money should have never been there to steal
What do you think about decentralized exchanges @broncnutz ? Any plans to talk on this in future videos?
you are completely right...it's not their fault and there should be more control on that type of shit sites
everybody that has nothing to do, make an exchange site
that's really bad
"You cannot trust any exchange in the world"
Thanks for spreading this message. I need to tighten up my accounts as well. Thanks @broncnutz.
Tighten up! I like it.....
Great advice, Broncnutz. It’s our own fault if we don’t need your advice. Got my paper bag secured baby!
Imma try it with 20 bucks tonight....see if it's still there.
the tool that u use is safe to keep
you're correct when you said it's not their fault, it's your fault
nobody can be blamed for wasting your money but you
that's a hard fact and we must deal with it properly
THANK YOU!!
This is exactly what I was asking about yesterday.
Thanks for the tips.
You kinda gave me the idea for this one, are you in my head right now?
Just appreciating the information with examples I can understand.
Paper bag with money, that was funny.
I Agree with you @broncnutz. If we can't protect our cryptos best way its sell before hacked. Your update very unhappy news for some peoples invest there in Japanese exchange. Currently lot exchanges hacked and banned. Totally disappointing scene.
But you gives better message to community.
Your always here with good comments! Thanks again
Good video Bron. He is right guys, get a hardware wallet as soon as possible. Definitely worth the money. If you cant buy one for whatever reasons you have at least store your coins in a digital wallet like www.myetherwallet.com (this one is just for ERC20 tokens).
I saw it from another post and i was like WTF. While we are busy trying to make a push up on bitcoin market value peoplw are hacking. Is it a sign that bitcoin value will escalate x10 in no time? Food for thought ! And the person recommended COLD STORAGE which is an offline storage for bitcoin and transactions only take place offline
Which make it safer. But what i asked the person was that,all trading of bitcoin has to bee offline and you can't really transfer bitcoin to blockchain or paxful because they are online .meaning a good statistical data has to be brought that alot has accepted cold storage before bitcoin investors can go for it as a security..thanks for sharing your info with steemain
Thanks for watching my video cuz....
You welcome anytime and any second aslong it's all ok n what i desire especially the cryptosphere. I got interest in it alot because i am an investor in bitcoin.
Great words of caution! I will go cold storage and cold steel!
Or was that magnum!
Thanks for the advice and the video, leaving money. Keeping money on exchange is a total risk, I was scammed of my money last year also.
Much obliged for such exhortation. A week ago I was misled by one final trade so call organization. With Steemit our future is secured
all of your post is always so informative,so i regularly follow your blog. love to read it...........
I really proud wacthing to your video.and you all time informative news given us.so thanks @broncnutz
@broncnutz, Extremely greatest advice given by you. Fortunately I used only Binance and Bittrex. Both has more security features. But can't tell anythings coz hackers can be reverse our funds anytime they're real qualified their subject.
Thanks a lot for given valuable information.
Extraordinary guidance. I am so happy I could get my Smartcash out of Cryptopia!
At least where material, paper wallets are a decent move.
I like the possibility of never purchase more than you can take out that same day on a trade. Great one!
I need to get my Ripple off of the exchange pronto. I just don't like the idea of saying goodbye to 20 innocent XRP.
Before anything, its is very important to understand that crypto as technology is revolutionary. It has the potential to bring rapid change in the way we think and trade. We have been looted by the government on the name of laws and taxes but crypto going to shut policy's man mouth with his ability of transparnecy.thanks shareing by@broncnutz
This is so great! You got the great point here......
Seriously, if you do not hold your keys then you do not hold your coin...let it be a harsh lesson to anyone who lost.
No one is going to bail you out, be responsible with your investments
In one of your previous posts you told that the OG Brocnutz videos are addictive. You're damn right!
😂thank you! I like to keep ya on your toes.
😎 👍
This reminds me of when someone tried to hack into my binance account. What you have just said is absolutely facts, leaving coins in exchange sites are a big risk as they could get hacked anytime any day. Storing them on offline wallet like open ledger is the best thing.
You always said it always keep the coins safe ... but still now if someone don't understand they really don't deserve it one of the most important videos ever :)
I have cryptos on coincheck and it’s saying all my coins are in check. But I can’t deposit or withdraw at the moment ! Good thing I don’t have a huge amount in it ! I’m not worried either as I see somethimg positive coming out of this . And that is me storing everything offline from now on .
Excellent video and i agree with your points leaving coins on exchanges is always a risk and i think if we want to hold the cryptos then private wallet's are much better and safer option because in private wallet's we have all keys in our pocket, thanks for sharing your nice thoughts with us, Stay blessed
great dear @broncnutz
Can't even trust keeping things in your office.
Agree. Was a big believer in cold wallets but now I prefer my hardware wallet. Even this old dog learns new tricks.
Thanks again for the reminder. I know this but have been lazy on doing it because I like to trade. Time to vault up!
OMG...
530million $ thief...I cant believe this...OMG...
@broncnutz sir...actualy I think this is our fault...we always try protect our coins...
I'm new comer in to crypto world...I'm always try learn something with ur every posts...
Thank you so much @broncnutz sir..for sharing ur valuble ideas with us...
Cheers%~~~~
Good point, it reinforces the need to have a local offline wallet.
"Don't ever trust any exchange..." Unless it's BitShares of course ;) Decentralized exchanges ftw!
Then how can we protect money?
@ahlawat You can buy a Ledger Nano S Cryptocurrency Hardware Wallet
. Note that link is my affiliate link to Amazon (USA marketplace link) and only use it if you appreciated my answer and solution. You are of course free to go directly to amazon directly, but will still pay the same price that following my link provides. I hope this helps you or others .💩 @isco
thanks for telling!