Reminder: The most important thing you can read on this entire subreddit: "Get your Bitcoins off that exchange. Today."

Imagine logging into Coinbase, Binance, Bitfinex, Kraken, [insert your exchange] and seeing the following words:

"Urgent Announcement - Catastrophic Hack. User funds frozen."

New Account Balance: $0.00.

If you'd be uncomfortable with that scenario - you need to take action. Today. Not tomorrow.

​

​

You have 2 options to protect yourself:

Option 1: Research how to secure your Bitcoins property, safely. Then secure your private keys (this is a BIG responsibility). If you don't do your research you can accidentally lose your Bitcoins. Ledger or Trezor are popular ways to secure cyrpto. If that's too much responsibility for you - you can always rely on Option 2:

Option 2: Re-assess how much money you have invested in something you don't understand.

​

Those are your options.

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I remember seeing a warning on Reddit exactly like the one I'm posting now... 1 week before the 2016 Bitfinex hack, which, at the time, was one of the most prolific US crypto platforms.

​

3 days before the hack, because of that warning from a Redditor, I moved all my crypto to a hardware wallet.

3 days later: "Bitfinex accounts are frozen following a Catastrophic hack"

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Bitcoin lets us be our own bank. So: take action, be your own bank.



Submitted June 14, 2019 at 05:56PM by GabeNewell_ http://bit.ly/2XOJtle

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