Protect Your Crypto Assets

in #crypto4 years ago

KuCoin has just been hacked😳😱 and it is the fourth crypto exchange biggest hack ever!

See the funds involved with the biggest hacks below:
Coincheck - $534 M
MtGox - $460 M
BiitGrail - $196 M
Kucoin - $156 M

It is very dangerous to keep large amount of Cryptos on an exchange because you don't own the Private key(s).
I often advise crypto enthusiast or traders to transfer funds to an exchange whenever they want to trade and withdraw it as soon as profits is made👌.

This is yet another blow to the Crypto world and it's coming at a time such as this, when the whole world is trying to recover from the Covid-19 pandemic.

Here's the snapshot of the address involved with the KuCoin "Heist" holding over $155 M tokens and over $4 M Ethereum.

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How To Protect Your Cryptos
You can trade on exchanges but make sure you don't store your assets on an exchange wallet for long! Always transfer your profits to a secured or an offline wallet. Keep your crypto safe with Ledger Nano S or Nano X via http://bit.ly/2ueqiFA

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Ledger hardware wallets empower you to optimally secure, own and control your crypto. This is the original hardware wallet.

Easily start your crypto journey: buy crypto, secure your assets and manage them in one single-app.

Why Ledger Nano S or X?
– The highest security standards: all our products integrate a certified secure chip and a custom OS to assure maximum security.

– More than 1500 crypto assets supported: thanks to our hardware wallets, you can secure a wide range of crypto assets.

– Safely manage your assets: use our own application Ledger Live or an external wallet to buy, manage and stake crypto from the security of your hardware wallet.

– The most popular hardware wallets: more than 1.5 Million units sold all over the world.

I've been using Nano S for two years now and new coins are easily supported!

Till next time, Peace out!