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RE: Crypto Academy Week 5 Homework Post for [@gbenga]. Security problem with cryptocurrency.
Hacking is very common with finance and has become a very worrying issue with cryptocurrency wallets. A lot of individuals and exchanges including Binance have been hacked. It becomes big news when an exchange is hacked because the funds are large from a single wallet and also, the exchange has a lot of money to work on security.
It is our responsibility to determine to keep our wallet safe first.
Thanks prof. It's really our responsibility to keep our wallet safe.
A news just came up that cake was hacked and many account lost their token to it. Many holders that viewed their account yesterday were victims. My younger brother is still afraid to check his staked cake in Trust wallet.
I'm sure we would one day get a solid system that would trigger an alert when the hacking success reaches a particular level, just like a threshold message.
More grace prof.