Here’s how to keep your crypto safe
A $5 wrench attack is when someone finds out you have a lot of crypto and physically attacks or threatens you and coerces your private keys.”
“When the mafia kidnapped me, I had the choice to pay the ransom in either fiat money or Bitcoin. I did not hesitate before choosing the latter. Had I picked the first option, the criminals would have held me in a dark, damp cell for days in the Pacific Islands until the funds went through KYC, identity check, or, God forbid, the bank placed a hold on the funds. But after I paid, I was let go instantly. Who knew the network’s 10-minute transaction time and cross-border anonymity could be such a lifesaver?”
— Dr. AnonAccording to a recent report compiled by Chainalysis, the intersection between cryptocurrency and crime has grown to become a $14 billion industry in 2021. Regrettably, societies worldwide are far from perfect, and the rapid rise in the market capitalization of digital currencies has led to an explosion of crime targeting blockchain enthusiasts. The good news is that the money lost in criminal activities as a percentage of crypto’s overall market cap is actually going down.
read more about how to keep your crypto safe. As said by Dr. Anon, Cointelegraph staff member, who, long before joining the firm, was targeted by the mafia out in the Pacific Islands for his expertise in crypto.
How about you?. What are you going to do to keep your assets safe? Please join the discussion below.
10% of this post's author prize goes to @penny4thoughts to be shared with the author of relevant and interesting comments.
𝓑𝓮𝓼𝓽 𝓡𝓮𝓰𝓪𝓻𝓭𝓼 |
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My opinion is that keeping assets safe will be more difficult as time goes by , I have cold wallets , this requires a personal safe , I have it , only my brother and I know the key to the safe , I only trust him, I think it's the best way to safeguard this
Upvoted! Thank you for supporting witness @jswit.
