in light of Upbit hack...

today, a major South Korean exchange Upbit was hacked and there's report that ~$50M worth of Ethereum is lost.

multiple studies show that a lot of people store their Bitcoin/crypto on the exchange, never bothering to secure it themselves.

this is wrong way to do Bitcoin. yes, i'm aware that it's been said numerous times before, but even if 10 people read it and do it properly, i'll take it as an achievement.

you shouldn't trust your exchange with more than you're changing for your monthly needs.

time to make your own wallet, maybe even invest into hardware wallet if you have more than you can afford to loose.

do your own security research and do it now. multiple articles on the net on how to secure coins properly. don't wait for "proof of keys" day, do it today. exchanges are not bank accounts and not there for you to store your wealth.

thanks.

Submitted November 27, 2019 at 03:21PM by btcluvr https://ift.tt/2qSHSzs