Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
Its usually advised that bitcoins or any other crypto coins should never be stored in any of the exchanges as it has higher chances of getting hacked.We earlier saw the collapse of Mt.Gox exchange which was followed by the hacking of some other exchanges.Also,we should never reveal our private keys anywhere.Also,we should not store our private keys in clipboards in our desktops as clipboard hackers could easily hack them.
Often time we see on the news fed that a new hardware is developed for safety of crypto ,a more advanced was put into the blackchian system to protect the digital transaction. we new for the facts that a lot of hackers is in the treed, posting as Legit campaign project which attract newbie yet after the said project just disappeared on the treed, that's why, newbie investors should have time learning the digital transaction, more information should guide them in the day to day investment. patient and timing is also the key in this kind of business