:
- Don't hold your crypto in hot wallets. Especially not on devices you use for everyday activities. If Alexander's crypto had been in a hardware wallet, an airgapped computer, or a second computer he only uses for crypto, this could have been avoided. There is no reason to hold $1 million worth of crypto on an internet-connected device when there are safer options around.
This is a really sad news to come across this afternoon and most especially a sad day to the user who lost over $1million worth of crypto to these scammers, because this is really an avoidable mistake whereby if only he had used just $1000 to buy a separate device or laptop and used only for the storage of his cryptos, all this makes would have been avoided. And I hope this comes as a lesson to many people who holds a large portion of crypto and still holds on the same wallets.