If you missed the news, this has made massive headlines today. One of Koreas biggest exchanges has been hacked and hundreds of millions of dollars of WON have been stolen!
Below is a link to this article.
https://www.cryptocoinsnews.com/koreas-biggest-bitcoin-ethereum-exchange-compensate-customers-hack-korean-bitcoin-exchange-bithumb-promised-compensate-users-following-data-breach-users-pers/
I would love to say this is the end of a remarkably bad day, however, it does not end here.
Earlier in the day I wrote an article on accidentally sending 1ETH to an incorrect address. Well the day got worse as follows:
Having participated in several ICO's over the last 6 months, I often use a popular wallet as suggested by the community - MyEtherWallet. No doubt I have full confidence in this token wallet and I did all the mistakes that again have been warned against.
As a member of several Slack community groups, I received a message pertaining to one ICO where funds had not been credited to MyEtherWallet correctly. Given this, I clicked on the link (first major mistake). I was taken to a site that looked exactly like the official MyEtherWallet site and I proceeded to upload my file and input my password. When the file did not load correctly, I knew something was wrong. So quickly logging out, I went to the actual MyEtherWallet site, just in time, to see the funds being cleaned out. On by one, tokens that I had participated in and were sitting on, disappeared. I checked EitherScan and sure enough, they were being pushed out to addresses - gone forever!
I understand this space, it is a HUGE RISK. The money you make in token price movements IS NOT YOURS UNTIL IT IS CASHED OUT OR LOCKED AWAY
Fortunately, as a rule, I only hold 5% of funds in any one place, wallet, or address. It was a huge lesson (second in the day) and a slap in the face to wake up and take this seriously. A lot of money is being made, but a whole bunch more can be lost, very fast.
I now am re-looking at my stratergies to protect my holdings. To ensure that this cannot be replicated. I hope your staying safe with your crypto.
Stay Safe and Enjoy The Ride - KTB
Nice info
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@knowtheblock
Nice Job!
Keep the good work up!
Thanks for sharing
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