Post
Topic
Board Altcoin Discussion
Re: Crypto Crime is getting Worse, what do we do?
by
setialovers
on 18/01/2020, 08:54:54 UTC
https://news.yahoo.com/cryptocurrency-thefts-fraud-hit-1-211446327.html

In Q1 alone of 2019 there was $356m in theft of digital currencies from exchanges and scams while losses from fraud hit 851m. This number includes the QuadrigaX scam which accounts to about $134m in total losses.

What can we do to help stop these from happening and getting worse?

Events such as scams will continue as long as potential investors do not conduct research. The QuadrigaX case gives a signal that it is not safe to store coins in the exchanger wallet because we have no control and this is a lesson that the safest way to store coins is in a wallet that we have full control over the private key