Just yesterday my brothers email was hacked for a period of 24 hours, during this period the hacker has already had access to all his trading accounts and transferred all his crypto assets worth over $5,000.
It was quite tragic, because the funds were not totally his, and it difficult to explain this scenario to his investors. From what i figured it was easy for the hacker to get away with such funds.
To avoid this kind of unfortunate incident, i implore crypto traders to make sure that theres no loop holes in there trading accounts. I personally, trade on a hybrid trading platform (
www.bbod.io) that runs a non-custodial smart contract wallet system where all account balances are held by a decentralized smart contract on the Ethereum blockchain. Centralized entities are too often hacked, our hybrid approach to decentralized safety combined with a centralized trading engine ensures the security of your funds whilst maintaining blazing fast transactions speeds.
This is a terrible occurrence and it's a shame that things like this keep happening but we must accept that this is the reality of this market and we must take precautions, if your brother was the only one that was hacked then it is pointless to try to make it seem as if the exchange has something to do with it, it was your brother responsibility to secure his coins to the best of his ability because some of the money on that account was not even his.