Hackers have found a vulnerability and are targeting BitCoin owners

in #bitcoin3 years ago

If you own BitCoin, here is why you should keep quiet. Cryptocurrencies continue to be a bonanza for criminals and hackers. The latest targets are people who have touted their ownership of BitCoin or other cryptocurrencies.

The vulnerability is through their cell phones. Hackers are finding out the telephone numbers of virtual currency owners then calling up mobile providers and changing their numbers to a new device. Once they have control of the phone number, they use it to reset control of passwords, get access to BitCoin accounts/wallets and drain the contents.
"Everybody I know in the cryptocurrency space has gotten their phone number stolen," Joby Weeks, a Bitcoin entrepreneur, told the New York Times.
It's a known problem, so much so that Coinbase has encouraged customers to disconnect their mobile phone numbers from their accounts.

"Coinbase looks like a bank, stores millions of

dollars like a bank, but you don't realize how weak its default protections are until you are robbed of thousands of dollars in minutes," Cody Brown, a virtual reality developer who was hacked in May, told the NYT.

Ultimately, the vulnerability of many cryptocurrencies is anonymity. Until that problem is solved, it's going to be a dangerous place to be.
Alternatively, synthetic products may grow more attractive for trading than the real thing because those accounts can be protected. Here is a trading cryptocurrency guide from our friends at Finance Magnates. It's a full list of online brokers offering Bitcoin, Litecoin, Ethereum and more.

Adam Button.
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This is why I own a Trezor, a Ledger and I'm thinking of getting a KeepKey as well!

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Really? Which do you think is the best?

At present, I have my BTC in cold storage. It is a long term hodl so I am fine with the lack of access. Would you say that is the proper approach for now?

I would start with the ledger nano s. It's not as expensive as the Trezor but it's fully feautured

Thanks for that....

I take it that is for more than just BTC...it will hold other ones as well.

I have my LTC online and I hate that....time to do something now that I am getting a decent holding in it.

I'll have to look into this one and make a comparison.

A hardware wallet is the answer:

http://hardware-wallet.com

It'd be nice if there was a hardware wallet that stored any/all cryptos.

Upvoted 😀 Thats why i do the 2fa with all of my accounts. Is that enough to secure my account?

it should definitely help... but I would never advise storing any significant value on coinbase since you don't own the private keys to the addresses used. keep it on copay or mycelium on mobile until you need to sell/debit. cold storage on a trezor or even multisig electrum

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Thank you for that info @blakemiles84

I have some in coinbase and not too happy about it. I will look up copay to use in the meantime.

I am looking into some other forms of storage....cryptoeagle suggested nano...Ill have to purchase that.

Thanks again.

I have the same thing, and I don't know if enough or nooo!!

Kind time of the day, (H) take a little time🙏. I want to tell you about the new ATB coins, it is very, very promising based on its parameters. It will revolutionize the world of crypto-currency. Its launch is scheduled for September 1, 2017. You can buy it today at an affordable price of 1.5💲 beforehand to buy it before the start of trading on the stock exchange. Where the price will naturally be higher than the purchase price plus a purchase bonus. In general, you decide. More information on the official site https://atbcoin.com?ref=ByHAtrSrb or here https://steemit.com/cryptocurrency/@marduk777/atb-coins-new-crypto-currency-of-the-future In general you decide https : //atbcoin.com/? ref = ByHAtrSrb

Which hardware wallet supports the most coins currently? Great post! Upvot3d and r3st33m3d!!

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Security is the biggest problem I think this cryptocurrency world has. We need some type of regulation in order to avoid hackers attacks and also scams like pump and dumps and things like that. As I like to say, this market is very young and it has time to improve. Nice post btw!

Thank you!!

I have just gotten started in cryptos and I don't say much about it. If someone asks I will give them some info. You never know what certain people are capable of. It's really sad that people feel they have to lie cheet and steel to make it in life. But that will all come around and bite them in the a$$ one day. Thanks for the info!!

We will all have to stay up to date with online security more then ever in these early cryto days. I like Ledger Nano S.

Time to get a HW wallet

Thank you

Kind time of the day, (H) take a little time🙏. I want to tell you about the new ATB coins, it is very, very promising based on its parameters. It will revolutionize the world of crypto-currency. Its launch is scheduled for September 1, 2017. You can buy it today at an affordable price of 1.5💲 beforehand to buy it before the start of trading on the stock exchange. Where the price will naturally be higher than the purchase price plus a purchase bonus. In general, you decide. More information on the official site https://atbcoin.com?ref=ByHAtrSrb or here https://steemit.com/cryptocurrency/@marduk777/atb-coins-new-crypto-currency-of-the-future In general you decide https : //atbcoin.com/? ref = ByHAtrSrb

Security of Bitcoin is going to be hard to handle.

Kind time of the day, (H) take a little time🙏. I want to tell you about the new ATB coins, it is very, very promising based on its parameters. It will revolutionize the world of crypto-currency. Its launch is scheduled for September 1, 2017. You can buy it today at an affordable price of 1.5💲 beforehand to buy it before the start of trading on the stock exchange. Where the price will naturally be higher than the purchase price plus a purchase bonus. In general, you decide. More information on the official site https://atbcoin.com?ref=ByHAtrSrb or here https://steemit.com/cryptocurrency/@marduk777/atb-coins-new-crypto-currency-of-the-future In general you decide https : //atbcoin.com/? ref = ByHAtrSrb

i upvote and resteemed !!!

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