Quote from: Mpamaegbu on Today at 03:02:10 PM

Quote from: libert19 on December 17, 2023, 12:52:23 PM

Crypto is wild west. Scams/hacks, all the new ways to get compromised never ceases to amaze me.

Scam and hacks don't only affect cryptos. They affect every aspect of investment, provided there's money to be made there. It's just that crypto scam and hacks are more prevalent and reported in bull seasons than in the bear moment.

I agree but crypto scam is more worst as we cannot identify a person, wallet and no way to reverse or freezing hacker account while in other investment the chance of recovery is also available.

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I don't think that advice is ripe at this time. Now is a good time to concentrate on crypto investment. Maybe after the bull rally, investors can look in the direction of what you mentioned.

you means that we investment in only crypto despite of daily hacking and draining of wallet ? why not adopt a safety strategy by divide investment in all precious metal.

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Yes, hacks happen but in most cases it's with the connivance of the victims who are likely to ignorantly give out vital information leading to the vulnerability of their wallets. For instance, we shouldn't be clicking on every link or extensions we get sent to. If one must get involved in airdrops, one should get a burner wallet for it. Don't expose any wallet you've a substantial amount of coins in by using it for airdrop.

These are old ways and most common crypto hacking issues which is easy for intermediate level crypto users having some knowledge of crypto and safety. The most dangerous thing which should be think is what OP bring up in the first post which is ledge hacking, contract compromised or any other which causes thousand of people hacking without knowing it.