CRYPTO NEWS: 300K USD WAS STOLEN FROM A PROMINENT STOCKBROKER.

300K USD WAS STOLEN FROM A PROMINENT STOCKBROKER
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300K USD WAS STOLEN FROM A PROMINENT STOCKBROKER BY CRYPTOCURRENCY HACKERS. JORDAN BELFORT, THE FAMOUS “WOLF OF WALL STREET,” A FORMER STOCKBROKER, ACKNOWLEDGED BEING A VICTIM OF A CRYPTOCURRENCY HACK WHILE HIGHLIGHTING THE NECESSITY OF INDUSTRY REGULATION.

300K USD WAS STOLEN FROM A PROMINENT STOCKBROKER:

300K USD WAS STOLEN FROM A PROMINENT STOCKBROKER
300K USD WAS STOLEN FROM A PROMINENT STOCKBROKER

IN RESPONSE TO A CYBERATTACK, ACCORDING TO BELFORT, HE ONCE LOST ROUGHLY $300,000 WORTH OF DIGITAL MONEY FROM HIS METAMASK WALLET.

BELFORT DID POINT OUT THAT THE EXCHANGE HAS SWITCHED FROM USING HOT CRYPTOCURRENCY WALLETS TO COLD STORAGE SINCE THE INCIDENT.

BELFORT “I DO NOT HAVE ANY FUNDS STORED IN ANY OF MY COINS ON EXCHANGES. WITH LEDGER, EVERYTHING IS, IN A SENSE, IN A COLD STORAGE WALLET. IN FACT, I WAS HACKED. LAST YEAR, I SUFFERED A $300,000 LOSS ON METAMASK. CURRENTLY, THE INDUSTRY IS EXTREMELY, VERY, VERY DIFFICULT SINCE IT RESEMBLES THE WILD WEST.

IT’S IMPORTANT TO NOTE THAT AFTER FTX’S FALL, CLIENTS LOST MONEY, WHICH IS WHY THERE IS NOW MORE ATTENTION BEING PAID TO CRYPTO STORAGE ON EXCHANGES. INVESTORS CONCENTRATED MORE ON KEEPING THEIR MONEY IN THEIR WALLETS IN THIS INSTANCE.

INTRIGUINGLY, THE ON-CHAIN DATA INDICATED THE RISE OF CRYPTOCURRENCIES FROM EXCHANGES, WITH TRUST WALLET AND OTHER STORAGE SERVICES EMERGING AS MAJOR WINNERS. DUE TO THE RESULTING INTEREST, THE TRUST WALLET TOKEN (TWT) HAS REACHED UNPRECEDENTED HEIGHTS.

NOTABLY, IN 2022 THERE WAS A BEAR MARKET IN THE CRYPTOCURRENCY SPACE MARKED BY A NUMBER OF SCANDALS, WITH THE MOST RECENT HIGH-PROFILE EVENT BEING THE COLLAPSE OF THE FTX CRYPTOCURRENCY EXCHANGE.

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CRYPTO NEWS: 300K USD WAS STOLEN FROM A PROMINENT STOCKBROKER.

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