1
Cryptocurrency discussions / Re: Again, Don't Ignore Security
« Last post by Tribalchief on Today at 12:00:58 AM »In 2023, scammers managed to steal a staggering $4 billion in crypto. Now let's do our best to ensure that when they tally up the numbers for 2024, you won't be a part of that statistic.
Based on my firsthand experience, there is a tendency to disregard basic security practices when the market is generating profits and FOMO sets in. It's astonishing how our minds can become consumed during these times, leading us to jump from one protocol or website to another in search of the next major opportinity. This post serves as a friendly reminder that while pursuing such, we must not forget to:
These measures may seem elementary, yet it is astounding how easily they can be disregarded when one is fixated on chasing the "next 100x" gain.
It's very true that times like these are massive opportunities for many, which can also divert one's attention away from all important security matters. The majority of those who look forward to making profits during these times are sometimes those who haven't fallen victim to scams and hacking related issues. Just take a good look at last year's statistics, it shows how high the theft rate is and how irresponsible some crypto hodlers can be. Security is surely everyone's duty, and I hope the majority of us stay alert.