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Re: Is Bitcoin an imploding ponzi??...
If memory serves this exchange had insurance to protect users against this sort of thing and users will be made whole. It pays to call the insurance company directly and verify there is in fact insurance and follow up periodically that premiums are current. We've seen plenty of scams claiming deposits and or investment losses are fully insured by Lloyds or some other nonsense.
Originally Posted by
Mackenzie
"A best practice is not to store and hold large amounts of funds in hot wallets on exchanges but rather transfer to either a cold hardware wallet (that has appropriate recovery codes set and stored securely) or to a standard bank account as the case may be on completion of the exchange transaction,” Brad Mackenzie, CEO of IT security firm Clear Skies
Yet another crypto exchange has fallen victim to a massive hack | TechRadar
Lot's of opportunities abound to invest your crypto...
Originally Posted by
Daniel Villarreal
Or steal your keys...
Originally Posted by
Mohmmad Musharraf
Money Printing solves everything until the day it doesn't.
Originally Posted by
Helen Partz
Yearn announced Tuesday that they opened a Maker vault with YFI tokens from the treasury and
minted 9.7 million DAI tokens from the vault to keep the yDAI vault intact. Using borrowed money allows the project to reimburse users without taking a hit to the treasury, either due to possible YFI appreciation or by gradually repaying the debt with protocol revenue. The team said that this is a one-off occurrence,
as they expect users to hedge their own risks by purchasing coverage from Yearn ecosystem member Cover, which also got hacked recently.Yearn.Finance puts expanded treasury to use by repaying victims of $11M hack
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