New bullrun - new hacks and victims

[Kitaiev]

At the moment the exchange is working properly, although not all coins can be withdrawn most likely this is a temporary measure.
And for the future, we must all remember that storing large sums on exchanges is very risky.

[owlest]

This is a good method, but not everyone has time to constantly monitor the price. After all, orders are made in order to give the trader maximum freedom. And the most important question: when you send funds from your wallet to the exchange, you lose due to commissions. How do you put up with this? And if this is an etherium token, then you can generally lose a lot.

I am aware that not everyone has time to monitor prices, so I said that it is not comfortable, but for that there are alarms in Blockfolio (and other applications) for example, so as not to have to be constantly looking. I try to use Ethereum as little as possible, even before the problem of high transaction fees, that is why for me it is not a problem since my funds are almost entirely in other chains. The chains that I use the most are BSC and Tron, in both the commissions are very cheap.

An interesting solution. You know, for some reason I don’t strongly trust other blockchains besides Ethereum. Why? I myself cannot explain. By the way, what wallets do you use? Do you have stablecoins hold at BSC or Tron?

[Freemind]

An interesting solution. You know, for some reason I don’t strongly trust other blockchains besides Ethereum. Why? I myself cannot explain. By the way, what wallets do you use? Do you have stablecoins hold at BSC or Tron?

When you have time take a look at these two chains, you will see that their operation is practically the same as in Ehtereum, but being much cheaper and faster. I have a good part of my funds in stablecoins, BUSD (BSC) and USDT (TRC-20). The wallets I use are well known, Trust Wallet and TronLink for BSC and Tron tokens, but there are more wallets available to users.

[Papa Bear]

I was always in favor of having coins that they should always keep in a hardware wallet or in their decentralised wallet. I do not know who are people who store million dollars kept in the exchange which are centralized. And this is their old method of scam first, say hacked, then stop the services and then exit scam. Just like idax.io did.

[owlest]

An interesting solution. You know, for some reason I don’t strongly trust other blockchains besides Ethereum. Why? I myself cannot explain. By the way, what wallets do you use? Do you have stablecoins hold at BSC or Tron?

When you have time take a look at these two chains, you will see that their operation is practically the same as in Ehtereum, but being much cheaper and faster. I have a good part of my funds in stablecoins, BUSD (BSC) and USDT (TRC-20). The wallets I use are well known, Trust Wallet and TronLink for BSC and Tron tokens, but there are more wallets available to users.

I think in the near future I will start looking towards these two chains. The commission on the Ethereum network is too high. How do you rate the security level of wallets? I'm more used to using desktop versions.

[Freemind]

I think in the near future I will start looking towards these two chains. The commission on the Ethereum network is too high. How do you rate the security level of wallets? I'm more used to using desktop versions.

I have those wallets installed on my mobile, in my opinion, the security of the wallets that I have told you are very good. But knowing what we do, of course, you should never take screenshots of the seed phrase, it is better to write it on paper (if it is possible to engrave the phrase in high-density metal) and keep it in a safe place, and use complex passwords, which is always positive if you lose your mobile. Another good idea is, for example, to do what I have said but on a mobile that we do not use every day, a mobile that we can have at home or in another safe place.

[Gurujebs]

At the moment, the exchange is still working to restore everything as it was. I don't think it is exit scam.
I want to believe that in a couple of days the exchange will work as before.

Who cares what and how is restored then follow this Twitter account @Hotbit_news

Everything has been restored back to order and withdrawals has also been enabled.
I hope many traders and investors learn from this little mistake and learn to hold their coin on their own external wallet.
The saying not your key, not your fund always remind of the danger leaving my funds on an exchange.

[owlest]

I think in the near future I will start looking towards these two chains. The commission on the Ethereum network is too high. How do you rate the security level of wallets? I'm more used to using desktop versions.

I have those wallets installed on my mobile, in my opinion, the security of the wallets that I have told you are very good. But knowing what we do, of course, you should never take screenshots of the seed phrase, it is better to write it on paper (if it is possible to engrave the phrase in high-density metal) and keep it in a safe place, and use complex passwords, which is always positive if you lose your mobile. Another good idea is, for example, to do what I have said but on a mobile that we do not use every day, a mobile that we can have at home or in another safe place.

The second option is more acceptable to me. True, if something needs to be urgently transferred, then the wallet will not be there. You can also use fingerprints, which adds security. But I try to keep small amounts on mobile wallets. By the way, it seems like Hotbit started working there.

[Freemind]

The second option is more acceptable to me. True, if something needs to be urgently transferred, then the wallet will not be there. You can also use fingerprints, which adds security. But I try to keep small amounts on mobile wallets. By the way, it seems like Hotbit started working there.

Using fingerprints is good too, there are actually many ways and ideas to keep our funds safe, we just have to research what they are and always use common sense. Hope Hotbit doesn't give us any bad news regarding security issues or else many users will stop using it, although surely that has already been done by many.

[owlest]

The second option is more acceptable to me. True, if something needs to be urgently transferred, then the wallet will not be there. You can also use fingerprints, which adds security. But I try to keep small amounts on mobile wallets. By the way, it seems like Hotbit started working there.

Using fingerprints is good too, there are actually many ways and ideas to keep our funds safe, we just have to research what they are and always use common sense. Hope Hotbit doesn't give us any bad news regarding security issues or else many users will stop using it, although surely that has already been done by many.

What happened at Hotbit should be alarming. Yes, many left the stock exchange, but the most devoted ones remained. It seems that they say that the balances have been restored, for which thanks. As for storage wallets, now there is plenty to make a quality choice from.

[Sahillatif78]

That's why I don't keep my money in exchange, Wallets are safer than exchange.
There are many hackers surrounding us. We have to stay safe.

[Hope4life]

That is what we are afraid of from any exchange, both DEX and CEX have their own weaknesses. no one guarantees 100% safe from hackers attacks, even DEX exchanges like pancakeswap was hacked.

[Gurujebs]

I was just going through my daily news letter from coingecko and it was estimated that about 7000 reported case were all scam worth $80 million has been linked to scams.
The famous is when Elon Musk came into crypto space, every since then, many scammers have been hidden behind the name and profile and there carting away innocent investors and traders money who are been greedy and lure by high returns.

[Gurujebs]

I was just going through my daily news letter from coingecko and it was estimated that about 7000 reported case were all scam worth $80 million has been linked to scams.
The famous one is when Elon Musk came into crypto space, every since then, many scammers have been hidden behind the name and profile and there carting away innocent investors and traders money who are been greedy and lure by high returns.

[owlest]

I was just going through my daily news letter from coingecko and it was estimated that about 7000 reported case were all scam worth $80 million has been linked to scams.
The famous is when Elon Musk came into crypto space, every since then, many scammers have been hidden behind the name and profile and there carting away innocent investors and traders money who are been greedy and lure by high returns.

It has always been this way, even before Musk came to cryptocurrency. Everyone wants to get as much profit as possible, so they fall for such tricks from scammers. Well-known personalities are better suited for such a deception.